President Bola Tinubu has called on local and international investors to explore 65 bankable projects in Nigeria, seeking $78.5 billion in investment. The invitation was shared on Tinubu’s X account on Friday. The administration is working to attract private capital to boost the country’s economy. Tinubu highlighted the World Bank Group’s role in mobilizing up to $5.79 billion for development initiatives.
The projects aim to stimulate growth across various sectors. The government is focusing on infrastructure, energy, and technology to create jobs and enhance economic stability. Tinubu’s message emphasized collaboration with the private sector to drive progress. The initiative follows recent efforts to improve Nigeria’s business environment and attract foreign direct investment.
This move comes amid political tensions and upcoming elections. Tinubu faces challenges from opposition parties, with some accusing him of lacking transparency. Despite these pressures, the administration remains committed to economic reforms. The investment drive is seen as a strategic step to position Nigeria for long-term development. The success of the initiative will depend on the government’s ability to deliver on promises and maintain investor confidence.
