President Bola Tinubu disclosed yesterday that, within less than two years of his administration, Nigeria has successfully attracted $30 billion in Foreign Direct Investments (FDI) commitments.
President Tinubu stated this while opening the Comptroller General of Customs (CGC) 2024 conference in Abuja.
The CGC conference, themed “Nigeria Customs Service: Engaging Traditional and New Partners with Purpose,” was attended by top government functionaries including the National Security Adviser (NSA) Nuhu Ribadu, security chiefs, members of the National Assembly and others.
Represented by the NSA, President Tinubu noted that his administration set out with a clear vision to strengthen Nigeria’s economic foundation.
The President highlighted the substantial progress his government has achieved, confidently predicting that, shortly, critics will have little to challenge.
He pointed to the improved peace in the Niger Delta, which has propelled crude oil production to an impressive 1.8 million barrels per day. According to him,
He explained that the removal of fuel subsidies and the unification of the exchange rate system aimed to create a more transparent and sustainable economic framework.
He acknowledged that these policies required adjustments by citizens but insisted they were essential for the country’s long-term benefit.
President Tinubu added that the Nigeria Customs Service is one of the agencies that has demonstrated how government institutions can effectively contribute to the economic transformation agenda while fulfilling their core mandates.