Tinubu’s foreign trips have brought over $15bn in FDI – Info minister

President Bola Tinubu’s international shuttles have brought in over $15 billion in foreign direct investment (FDI) in a number of economic sectors, according to the Minister of Information and National Orientation Mohammed Idris.

Idris disclosed this during a World Press Conference on Thursday at the National Press Centre, Radio House, Abuja.

The Ministry of Information and National Orientation’s Deputy Director of Press released the release’s specifics on the ministry’s official X handle.

Idris explained that President Tinubu’s engagements have showcased Nigeria’s potential and commitment to the global community.

The minister revealed that several investors who have pledged to invest are already taking steps towards fulfilling their commitments.

For instance, he said, one of Japan’s largest pharmaceutical companies has started constructing a multi-million-dollar manufacturing plant in Ogun State.

“We have seen over $15 billion in Foreign Direct Investment (FDI) pledges in various sectors such as energy, steel, defence, and the automotive,” Idris stated.

The Information Minister mentioned that President Tinubu’s audacious economic plans, which may now pose certain difficulties, are meant to realign the economy for swift expansion, among other topics covered during the World Press Conference.

Idris characterised the president’s decision to remove fuel subsidies as one of the tough choices he made for the sake of all Nigerians.
“It aligns with our vision for a Nigeria that thrives on efficiency, transparency, and responsible governance.

“Fuel subsidy removal is a crucial step towards a more sustainable economic future, and we are working tirelessly to ensure that all citizens feel the benefits of this decision,” the minister said.

The minister emphasized that the Federal Government’s emergency declaration on food security demonstrates the current administration’s commitment to addressing the issue of food scarcity.