President Tinubu’s Address at the Africa CEO Forum

  • $20 Billion FDI Projection: President Bola Tinubu anticipates Nigeria will attract close to $20 billion in foreign direct investment in 2026, crediting the milestone to his administration’s economic reforms and the removal of regulatory hurdles.

  • Focus on Value Addition: Advocating for African self-reliance, Tinubu declared an end to the era of exporting unrefined raw materials from Nigeria. He emphasized the necessity of processing minerals locally—such as manufacturing car batteries—to fund the continent’s development.

  • Championing the Dangote Refinery: He highlighted the 650,000-barrel-per-day Dangote Refinery as a prime example of a successful government-private sector partnership, noting his administration’s support through free trade policies, licensing, and crude sourcing.

  • Naira-Based Crude Transactions: To bypass exchange rate volatility and complex cross-border banking procedures, Tinubu explained his strategy of supplying crude oil to domestic refineries using Nigeria’s local currency, the Naira.