Nigeria’s $7.6bn fresh investment, sign of buoyant 2025 – TMSG
Economy General

Nigeria’s $7.6bn fresh investment, sign of buoyant 2025 – TMSG

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From Our Correspondent

Abuja, Jan. 15, ’25 (TNZ) The Tinubu Media Support Group (TMSG) has described the $7.6 billion fresh investment commitment for Nigeria, from the Africa Development Bank (AfDB), as a sign of a buoyant 2025.

TheNewsZenith reports that TMSG, in a statement, noted the latest Foreign Direct investments (FDIs) interest which were unveiled at the Africa Investment Forum 2024.

The group said the latest Foreign Direct investments (FDI) interest, unveiled at the Africa Investment Forum 2024, signifies that Nigeria remains Africa’s most attractive investment destination.

“It is only a few days into the new year and Nigeria has started to attract investment interests and commitments under President Bola Tinubu’s administration,” it stated.

The latest investment is the one coming from the African Development Bank (AfDB) Group, which its President, Akinwunmi just announced.

Adesina announced the new investment for Nigeria at the just-held Africa Investment Forum.

“This is a sweet music to the ears. Interestingly, Nigeria attracted $7.6 billion out of the $29.2 billion total investment interests in Africa for various projects.

“These projects ranged from energy, infrastructure and agriculture to technology,” TheNewsZenith quotes the group as stating.

According to TMSG, this is a big achievement, coming a few weeks after one of the world’s leading integrated livestock companies, JBS of Brazil, announced a $2.5 billion investment in Nigeria.

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JBS proposed to build six meat processing plants. Also, Shell signed a Final Investment Decision (FID) to invest $5 billion in the Bonga North deepwater project.

“We attribute all these to the investment-friendly policies of the Tinubu administration.

“The policies are attracting FDI into Nigeria in droves, even before the mid-term point of the President’s first term.

“Also, the $7.6 billion commitment is in the aftermath of a previous announcement by the AfDB that it had raised $2.2 billion in investment interest for its Special Agro-Industrial Processing Zones – Nigeria Phase II project during the Africa Investment Forum.

“In total, Nigeria has an investment commitment totalling $9.8 billion from global investors within the first two weeks of 2025. This is amazing.

“With all of these coming after the initial turbulence, the President’s declaration that ‘the worst is over’ is indeed appropriate.

“We urge Nigerians to continue to trust in the capacity of President Tinubu and his team to make the country a better place for all,” the group stated.

It expressed confidence that 2025 would be a great year since many policies of the Tinubu administration will continue to yield positive results. (TNZ)

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