President Bola Tinubu says Nigeria attracted more than $30 billion in Foreign Direct Investments (FDI) in 2023.
Tinubu spoke on Tuesday while addressing the nation to commemorate the country’s 65th Independence Day anniversary.
Tinubu said the investment attracted was achieved due to the economic reforms his administration has implemented.
However, many Nigerians have described these reforms as “harsh.” In August, several Nigerian youths trooped out to protest fuel subsidy removal, hike in electricity tariffs and others.
“Thanks to the reforms, our country attracted foreign direct investments worth more than $30 billion in the last year,” Tinubu said.
Speaking on the state of the economy, the president emphasised the importance of the reforms in reshaping Nigeria’s fiscal landscape and avoiding an uncertain future.
“The economy is undergoing the necessary reforms and retooling to serve us better and more sustainably,” he said.
“If we do not correct the fiscal misalignments that led to the current economic downturn, our country will face an uncertain future and the peril of unimaginable consequences.”
