Grapevine

Our reforms attracted over $30 billion in foreign direct investments – Tinubu

President Bola Tinubu has said the reforms by his administration have attracted foreign direct investments worth more than $30 billion in the last year.

In his Independence Day speech on Tuesday, the president said the economy is undergoing the necessary reforms and retooling to serve Nigerians better and more sustainably.

“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.

“Thanks to the reforms, our country attracted foreign direct investments worth more than $30 billion in the last year,” Mr Tinubu said.

Speaking further he said the administration is committed to free enterprise, free entry, and free exit in investments while maintaining the sanctity and efficacy of regulatory processes.