Peter Obi, the Labour Party’s presidential candidate in the 2023 election, has chastised President Bola Ahmed Tinubu for his frequent visits abroad.
Obi revealed this in an X-space titled ‘ParrellelFact’ on Sunday.
He believes that rather than chasing international investors, Nigeria should attract 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, President Bola Ahmed Tinubu, in his interview with Nation Newspaper on Sunday upon receiving the Man-of-the-Year award, said the country is engaging with the global market—both foreign and domestic investors.
The President stressed that foreign direct investment is not ‘Chicken Change’ but a long-term financial commitment from serious enterprises and investors.
“FDI is not ‘chicken change’. FDI is a substantial, long-term financial commitment 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”, he said.
Tinubu noted that the country’s efforts to woo foreign direct investors were yielding fruit.
“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”, President Tinubu added.
