Tinubu Support Group Hails $7.6bn AfDB Investment As Sign Of Booming 2025 For Nigeria

LAGOS, NIGERIA – The Tinubu Media Support Group (TMSG) has welcomed the African Development Bank’s (AfDB) new $7.6 billion investment commitment for Nigeria, describing it as a strong indicator of a prosperous 2025.

The investment, announced at the Africa Investment Forum 2024, is part of an overall $29.2 billion investment package for Africa.

In a statement issued today, TMSG Chairman Emeka Nwankpa and Secretary Dapo Okubanjo emphasised the importance of the FDI, stating that it confirms Nigeria’s long-standing appeal as a top investment destination.

They cited the investment as proof of the success of President Bola Tinubu’s economic policies, as well as additional evidence that “the worst is over.”

“It is only early January, but Nigeria has already received significant investment interest under President Tinubu’s administration,” the statement read.

“The $7.6 billion from the AfDB, which covers projects in energy, infrastructure, agriculture, and technology, is especially encouraging.”

TMSG emphasised Nigeria’s significant share of the AfDB investment, which accounts for a sizable portion of total African investment.

They also celebrated recent investments, such as JBS’s $2.5 billion commitment and Shell’s final decision on the $5 billion Bonga North deepwater project.

The group also cited the AfDB’s previous announcement of a $2.2 billion investment in the Special Agro-Industrial Processing Zones (SAPZ) Nigeria Phase II project, bringing the total investment commitment to a staggering $9.8 billion by the first two weeks in 2025.

TMSG attributed the investment surge to the administration’s “investment-friendly policies,” implying that they are successfully attracting FDI to Nigeria.

The group expressed optimism for the coming year, believing that President Tinubu’s policies will continue to yield positive results for the country.

They concluded by urging Nigerians to keep faith in the President and his team.