Foreign investors are attracted, not hunted – Obi knocks Tinubu’s approach

Date:

Must Read

Enugu Gov Peter Mbah set to join APC on October 14

Barring any last-minute changes, Enugu State Governor Peter Mbah...

Tinubu appoints Joash Amupitan as INEC Chairman

The National Council of State has endorsed the nomination...

EXCLUSIVE: How Wike allegedly looted $300M meant for Ogoniland development

A sharp conflict between Sahara Reporters publisher Omoyele Sowore...

ADC have not compelled anyone to join party – Abdullahi counters Obidient claims

The African Democratic Congress (ADC) has defended its directive...

Labour Party Presidential Candidate, Peter Obi, in his critique of Tinubu’s approach, has emphasizes that foreign investors are naturally attracted rather than actively pursued, highlighting a different perspective on engaging with international investment.

Obi during an X-space event named ‘ParallelFact,’ shared his perspective on President Bola Ahmed Tinubu’s frequent foreign trips.

He advocated for a strategic shift, emphasizing that Nigeria should concentrate on creating an appealing business environment to naturally attract foreign investors, rather than actively pursuing them.

This comes in response to President Tinubu’s recent remarks in an interview where he highlighted Nigeria’s engagement with the global market, targeting both foreign and domestic investors.

Tinubu stressed that Foreign Direct Investment (FDI) is a substantial, long-term financial commitment from serious enterprises and investors, not to be trivialized as ‘chicken change.’

President Tinubu asserted, “FDI is not ‘chicken change.’ It is a substantial, long-term financial commitment made by serious enterprises and investors. Currently, Nigeria is re-engaging with the global market, fostering relationships with both foreign and domestic investors.”

In reaction to Tinubu’s comments, Obi underscored the significance of creating an attractive business environment that would organically lure foreign investment into the country.

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

spot_imgspot_imgspot_img

Latest News

logo-nn-news-small
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.