Presidential candidate of Labour Party, (LP) Peter Obi, has tackled President Bola Ahmed Tinubu over his frequent trips to seek foreign investors.
Obi featured on Twitter Spaces hosted by Parrellel Fact on Sunday, and during the conversation he said Nigeria must attract foreign investors rather than chase after them.
“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,” he said.
Meanwhile, this is coming after Tinubu attended COP28 in Dubai, UAE where he appealed to investors to come to Nigeria.
In a recent interview, the president upon receiving the Man-of-the-Year award, said the country is engaging with the global market – both foreign and domestic investors.
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 are telling the story of our significant and far-reaching reforms and rebuilding confidence in Nigeria as an accessible and safe investment.
We are clearly communicating that ‘Nigeria is open for business’ and that the direction of travel is clear and fully committed. We’ve secured a $500 million deal with Germany to fund renewable energy projects, particularly in rural Nigeria.
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”.
16 Responses
Whatever they want to do let them do it, that’s not even going to better the economic situation.
His right na it does investors that should be begging to come nigeria not us argue wiTH UR KEYBOARD
I think its time for us to put everything that has passed to go,mr. Peter Obi you are a Nigerian join this administration to move nigeria forward,if nobody goes around in search of foreign investors,you can do that for the growth of the country
Is true Nigeria has now turn to one man business, God should help us
It is a general weakness of our people on issues of travel. Investors require is to package our investment portfolio and appropriately share it online. The other is to advertise pictorially
I don’t want peace, I want problems always .Let’s be serious for once by saying the truth
your criticism is certainly understood
but u are nevertheless right
we need reforms in nigeria so tinubu must be criticised constructively
Nobody goes for around searching for investor but who pursue them at first? And what is there gain in this kind of economy
That’s is a very valid statement by Peter Obi. Once there’s is the necessary incentives at home, investors will flock like bees. You don’t need to chase investors around. As we talk now,our security is in a parlous state. Poor power supply and the menace of corruption. How then,can investors come.
It’s really well with us in this country and ur leaders.
Can you go about telling people that you are BRILLIANT?
Investors will troop in when they see what they are looking for.
You guys will not talk about 35k you are hear talking about foreign investors
We should provide the best investment conditions for any one to invest, wether local or foreign. Rather than begging them to come.
They will not do the needful rather opposite to achieve success it requires knowledge and a wellness.
Nawah foreign inventor well as you search you will find
Yes! indeed, where the carcase is is where the vultures will hover. Investors are like bees always looking for nectar. They sniff and search until they get it. If the enabling environment is created, we can easily win the confidence of many powerful investors. Our security, our judiciary, our politicking as well as our politicians all need a re-orientation if we ever wish to become the toast of great investors.
Well we only heard by teorri and not practical that will benefit poor