Yusuf Tuggar, Nigeria’s Minister of Foreign Affairs, has emphasized the significant investments taking place in the country during President Bola Ahmed Tinubu’s leadership.
In an interview on Channels TV’s Politics Today, Tuggar highlighted specific recent instances of investment activities.
He mentioned a major development at the G20 Compact with Africa (CWA) Conference in Germany, where Union Bank and German group GWX signed a $500 million agreement to finance a green energy project.
Additionally, a Nigerian group entered into an agreement with a German counterpart to address Germany’s energy needs amid the Ukraine-Russian war.
Tuggar underscored how these developments demonstrate the renewed confidence in private sector activities under the Tinubu administration.
He further highlighted substantial investment deals in the past two weeks, including a $500 million contract signed by Aliko Dangote with an investment firm, another $500 million contract by BUA with IFC, and a $500 million agreement between the Nigerian Sovereign Investment Authority and IFC.
In total, these recent investments amount to approximately $2 billion, indicating a positive trend of significant economic activities in Nigeria under President Tinubu’s leadership.
