President Bola Tinubu has reaffirmed his administration’s commitment to deepening Nigeria’s engagement with global investors, particularly in the oil, gas and infrastructure sectors, as part of efforts to stimulate long-term economic growth.
In a post on his official X account on Monday, Tinubu disclosed that he met in Lagos with two internationally renowned Nigerian investors, Hakeem Belo-Osagie of Metis Capital and Bayo Ogunlesi of Global Infrastructure Partners & BlackRock.
“This afternoon in Lagos, I met with two of Nigeria’s most prominent global investment leaders, Hakeem Belo-Osagie of Metis Capital and Bayo Ogunlesi of Global Infrastructure Partners & BlackRock,” the President said.
He explained that discussions centred on urgent strategies to unlock large-scale investments in upstream oil and gas as well as critical infrastructure projects.
“We agreed on the urgency of unlocking large-scale investments in upstream oil & gas and critical infrastructure to drive Nigeria’s long-term growth,” he added.
Tinubu stressed that Nigeria remains open to credible global investors, including those in the diaspora, to help deliver energy security and modern infrastructure.
“Our administration’s reforms are creating a better enabling environment whilst opening new frontiers for sustainable financing, global capital, and transformative projects. We are determined to make Nigeria Africa’s premier investment destination,” the President stated.
Since taking office in May 2023, Tinubu has introduced major reforms, including the removal of fuel subsidy and the unification of exchange rates, which he argues are designed to attract global capital and foster a more investor-friendly economy.
Nigeria continues to grapple with a significant infrastructure gap, while the oil and gas sector long the country’s economic backbone faces years of underinvestment, regulatory challenges and security concerns. The administration’s engagement with Belo-Osagie and Ogunlesi signals a renewed push to leverage Nigerian investors with global reach in addressing these challenges.