By Muhammad Mamman
Abuja, Nigeria – Nigeria’s Minister of Humanitarian Affairs and Poverty Reduction, Nentawe Yilwatda, says President Bola Ahmed Tinubu’s extensive global engagements have significantly strengthened international partnerships and attracted more than $50bn in foreign investment commitments to Africa’s largest economy.
Speaking in Abuja on Monday, Yilwatda said Tinubu’s diplomatic outreach since assuming office has repositioned Nigeria as a preferred destination for global investors, citing renewed confidence from multinational corporations, development partners and foreign governments.
He noted that the president’s participation in high-level international forums, including the G20, United Nations General Assembly and various bilateral summits, has helped unlock major investment pledges across critical sectors such as energy, infrastructure, agriculture and digital technology.
According to Yilwatda, the administration’s economic diplomacy is already yielding tangible results, with several agreements moving from pledges to implementation, particularly in power generation, transport networks and industrial development.
“President Tinubu has deliberately taken Nigeria to the world, and the world is responding positively,” he said, adding that the investments are expected to create jobs, boost productivity and accelerate poverty reduction.
The minister also credited recent economic reforms – including fuel subsidy removal and foreign exchange liberalisation – for improving Nigeria’s investment climate and signalling the government’s commitment to market-friendly policies.
Tinubu, who took office in May 2023, has made foreign engagement a cornerstone of his administration, arguing that attracting foreign capital is essential to reviving Nigeria’s struggling economy and addressing rising unemployment and inflation.
Officials say the government is now focused on converting the investment commitments into concrete projects while strengthening transparency and regulatory frameworks to sustain investor confidence.
