Nigeria Witnessing Significant Investments Under Tinubu – Foreign Affairs Minister

• Minister Yusuf Tuggar highlights recent investments totaling $2 billion, signaling renewed confidence in Nigeria’s private sector under President Tinubu
• Major agreements include green energy financing, Dangote and BUA contracts, showcasing positive economic trends in Tinubu’s administration

Yusuf Tuggar, the Minister of Foreign Affairs, has highlighted the substantial investments occurring in Nigeria under the leadership of President Bola Ahmed Tinubu. Speaking during an interview on Channels TV’s Politics Today, Tuggar pointed out specific instances of recent investment activities.

He mentioned a significant development at the G20 Compact with Africa (CWA) Conference in Germany, where a $500 million agreement was signed between Union Bank and the German group GWX for financing a green energy project. Another agreement was inked between a Nigerian group and a German counterpart, addressing Germany’s energy needs amidst the Ukraine-Russian war.

Tuggar emphasized that these developments showcase the renewed confidence in private sector activities under the Tinubu administration. He further highlighted substantial investment deals in the past two weeks, including a $500 million contract signed by Aliko Dangote with an investment firm, another $500 million contract by BUA with IFC, and a $500 million agreement between the Nigerian Sovereign Investment Authority and IFC. In total, these recent investments amount to approximately $2 billion, indicating a positive trend of significant economic activities in Nigeria under President Tinubu’s leadership.

I’ve saved N110bn in three months – Wike

Minister of the Federal Capital Territory FCT, Ezenwo Nyesom Wike on Tuesday vowed to rid the nation’s capital of syndicates who special in offering fake Certificates of Occupancy C of Os to unsuspecting members of the public, recalling how as Governor of Rivers States three fake C of Os were issued on his plot after paying N57 million.

This was disclosed that he has been able to save over N110 billion since he assumed office in August this year.

The minister disclosed at a meeting with estate developers in Abuja, and also expressed displeasure at the rate at which fake Certificates of Occupancy (C of O) were given, adding that henceforth, N5 million would be paid to acquire a C of O.

According to him, gone were the days when unsuspecting members of the public would be allocated one plot of land with different fake C of Os.