Nobody Goes Around Searching for Foreign Investors, Peter Obi Faults Tinubu

Peter Obi Bola Tinubu Nigeria News today
Mr. Peter Obi
The presidential candidate of the Labour Party during the 2023 general elections, Mr. Peter Obi, has faulted the approach by the President of the country, Bola Ahmed Tinubu, to attract investors to the country.

President Bola Tinubu had traveled severally to have conversations with foreign investors with the hope of luring them into the country to boost Nigeria's productivity amidst the shabby economic situation the country finds itself.

Reacting to the approach on Sunday, Mr. Peter Obi, in an X-space, tagged "ParrellelFact" claimed the approach of meeting with investors to invite them to the country is wrong. He argued that the President does not need to leave the country before an investor comes claiming that investors will always come once the country is prepared and ready to give them a serene environment for their business to strive.

Mr. Peter Obi said “Nobody goes around searching for foreign investors. Foreign investors are like bees; when you keep the honey, they will boom towards there. We need to attract foreign investors and not chase after them,”

Meanwhile, President Bola Ahmed Tinubu, last week stated that Foreign Direct Investment (FDI) is not "Chicken change". He claimed his administration is positively making progress in encouraging both local and foreign investors to re-enter the Nigerian economy. He boasted that he had been able to secure a $500 million deal with Germany and another $116 million deal with France within his six months in power.

Speaking in an interview with the Nation newspaper while receiving the newspaper's "Man of the Year Award", last week, President Bola Tinubu said “FDI is not ‘chicken change’. FDI is substantial, long-term financial commitments made by serious enterprises and investors. Right now, Nigeria is re-engaging with the global market – both foreign and domestic investors.

“We’ve secured a $500 million deal with Germany to fund renewable energy projects, particularly in rural Nigeria”, he stated.

“Our focused efforts to attract European FDI are yielding fruit, notably with the $116 million French investment in the I-DICE program, aimed at creating 65,000 start-ups and 150,000 jobs, particularly empowering women”.

Soaking on why he was fine suitable for the newspaper's "Man of the Year Award", the Nation said, "For a can-do spirit that has marked him out as a quintessential politician, for bracing monumental odds to emerge as the candidate of his party, the APC, and winning the 2023 presidential election; and for a raft of difficult but necessary decisions to reposition the country, President Bola Ahmed Tinubu is Person of the Year of the National daily newspaper."

Category: World-News
Tag: Peter Obi Bola Tinubu Nigeria News today
Written by Author (author)
Published 12/18/2023 10:29:20 AM

Join us on:
Facebook | WhatsApp Community
| Twitter| WhatsApp Channel
How would you react to this story?
Thump Up Thumb Down
Thumb Up Thumb Up
0 0

Trending News

Ownership Crisis Rocks Benin City as Igodomigodo Asks Oba of Benin to Return To Ile-Ife

Many Fear Dead As Flight Vehicle Fell in Makurdi

Lady Runs Mad After She Was Dropped From A Tricycle By Suspected Yahoo Boys

Uproars as Suspected Yahoo Boy Brags 100 Nigerian Policemen Guide Him Daily

Aregbesola Dragged for Violating State Policy At Iwo Ramadan Lecture

First Class Graduate Die After Completing 21-Day Fasting Allegedly Ordained By Her Pastor To Cure Ailment

Obi Cubana Share Touching Story When His Wife Paid His Price

Divorced Single Mother of One Shares How Family and Pride Made Her Loose Her Husband In A Sorrowful Way

Uproars As A Pastor Said God Failed Wigwe Despite Dashing Church One Billion Naira

Wigwe and Mr. Ibu Died of Inherited Curses, Apostle Suleiman Revealed

Load More

You cannot submit comment on this topic because you are not currently login. You can choose to Login or Create an Account then you are good to join the discussion.

Author Author (Entrant )
3 months ago
0     0     0 Replies    

Most Recent Comments         Load More Comments

Free CBT Exams
Take Exam