Tinubu woos global investors for infrastructure, energy push

President Bola Tinubu on Monday met in Lagos with two of Nigeria’s most influential international financiers to explore investment opportunities in oil, gas, and infrastructure, as his government seeks to attract capital to revive the struggling economy.

Tinubu held talks with Hakeem Belo-Osagie, chairman of Metis Capital Partners and senior lecturer at Harvard Business School, and Bayo Ogunlesi, chairman of Global Infrastructure Partners and senior managing director at BlackRock.

Also in attendance was Zacch Adedeji, executive chairman of the Nigeria Revenue Service.

The meeting centred on large-scale investment in Nigeria’s upstream oil and gas sector and major infrastructure projects.

The two investors, both Nigerians with global clout, praised Tinubu’s economic reforms and underlined the potential to harness the country’s natural resources while upgrading transport and energy systems to international standards.

“Nigeria is ready to collaborate with credible global partners to deliver energy security and the infrastructure that will power growth across Africa. Our sons of the soil, and other Nigerians in the diaspora, are welcome partners,” Tinubu said.

Belo-Osagie urged the alignment of oil and gas ventures with sustainable financing models, while Ogunlesi emphasised the role of global capital in bridging Nigeria’s vast infrastructure gap.

Both signalled readiness to work with government and private sector actors on transformative projects.

Since taking office in May 2023, Tinubu has rolled out reforms, including the removal of fuel subsidies and exchange rate unification, in a bid to stabilise Africa’s largest economy and attract foreign investment.

Monday’s engagement forms part of his wider push to reposition Nigeria as a premier destination for global capital amid pressing challenges of energy deficits, crumbling infrastructure, and youth unemployment.

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