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From Juliana Taiwo-Obalonye, Abuja
President Bola Tinubu has intensified efforts to attract domestic and foreign capital to Nigeria through the unveiling of 65 bankable projects worth $78.5 billion.
This came as he welcomed a World Bank Group plan to mobilise up to $5.79 billion in private financing for the country.
Tinubu urged global and local investors to explore the opportunities, and promised to eliminate administrative bottlenecks and accelerate execution.
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“We undertook our economic reforms to build a stronger foundation for investment and give more Nigerians the opportunity to earn a better living,” he stated.
Tinubu added that the World Bank’s $5.79 billion private-financing initiative aligns with his administration’s drive to expand businesses and boost key sectors like agriculture and digital infrastructure.
The $78.5 billion pipeline was presented by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, alongside Central Bank of Nigeria Governor, Olayemi Cardoso, at the Nigeria Investors Forum during the IMF–World Bank Annual Meetings in Bangkok.
Tinubu urged investors to access details of the 65 projects via the Federal Government’s portal. He also reiterated his administration’s readiness to partner with private sponsors to create jobs and spur sustainable economic growth.
