The All Progressives Congress (APC) has announced that Nigeria has attracted more than $50 billion in Foreign Direct Investment (FDI) commitments since President Bola Ahmed Tinubu assumed office in May 2023, attributing the surge directly to the President’s sustained global diplomatic and economic engagements.
In a statement released on Friday, January 31, 2026, by National Publicity Secretary Felix Morka, the ruling party highlighted the figure as evidence of growing international confidence in Nigeria’s economic reforms, improved business environment, and Tinubu’s strategic outreach to global investors.
Key points from the APC statement:
The $50 billion+ in pledged FDI spans sectors including oil & gas, manufacturing, renewable energy, technology, agriculture, infrastructure, and digital economy.
Major commitments have come from the United States, United Arab Emirates, Saudi Arabia, China, India, France, Germany, the United Kingdom, Qatar, and multinational corporations.
High-profile deals include investments in the Dangote Refinery expansion, green hydrogen projects, railway modernization, deep-sea ports, and tech hubs in Lagos and Abuja.
The party credited Tinubu’s participation in global summits (G20, COP28, Davos, Africa Climate Summit, UN General Assembly, bilateral visits to China, UAE, Saudi Arabia, France, Germany, and others), as well as the removal of fuel subsidy, unification of exchange rates, and investor-friendly policies for the inflow.
Morka said: “President Tinubu’s tireless diplomacy and bold economic reforms are yielding tangible results. Over $50 billion in FDI commitments in less than three years is a strong vote of confidence in Nigeria’s future. This is not rhetoric it is real capital coming in to create jobs, build infrastructure, and drive growth. We urge all Nigerians to support these efforts and reject the doomsday narratives of the opposition.”
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The announcement comes amid ongoing debate over the pace of economic recovery, inflation, and the impact of reforms on ordinary citizens. While critics argue that actual inflows are yet to fully materialize and that poverty remains high, the APC maintains that the commitments represent a strong pipeline for future growth.
Independent data from the Nigeria Investment Promotion Commission (NIPC) and the Central Bank of Nigeria (CBN) show FDI inflows rising steadily since mid-2023, though final 2025 figures are still being compiled.
By Ogungbayi Beedee Adeyemi
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