The presidential candidate of the Labour Party, Peter Obi has urged Nigeria to attract foreign investors and not run after them.He stated this during an X-space live chat held on Sunday tagged ‘ParrellelFact’.
His statement points to the fact that the President Bola Tinubu’s foreign trips to attract foreign direct investment (FDI) to the country in recent times.Obi said, “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.
Although, Tinubu in his interview with The Nation on Sunday mentioned that the country is engaging with the global market- both foreign and domestic investors.
In his statement, Foreign Direct Investment is not ‘Chicken Change’ but a long-term financial commitment from serious enterprises and investors.He said, “FDI is not ‘chicken change’.
FDI is substantial, long-term financial commitments 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.“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,” Tinubu added.