He cannot attract investments into Nigeria. He is being shunned abroad. The only deal he could strike was to mortgage Nigeria’s solid minerals to France. The announcement will be made in days to come – Nefertiti
“To booster the inflow of U.S dollars into Nigeria, the economy must earn the dollars throw exports; whether oil or non-oil. Or by attracting foreign direct investments.”
— The CBN Governor, Yemi Cardoso.
Yemi & Wale Edun are saying the same thing. Both are singing from the same nursery rhyme. Bola Tinubu is finding it extremely difficult to attract foreign direct investments into Nigeria. It’s like an embargo is placed on Nigeria. Most of you really don’t know what is going on, do you?
Nigeria is now in serious trouble. There is fire on the mountain, but many of you don’t know that just yet. You are running a deficit financing. And if great care is not taken, Nigeria could default on its massive loan obligations. Do even understand what I’m saying? Now you have to borrow at higher interest rates to finance your budget.
If you go by the rate they pegged Naira to the Dollar, & the devaluation; that budget already failed even before takeoff. The 2024 budget can no longer lift a finger.
“If I & Datti are not corrupt, we would have reduced corruption by 50%.”
What is Bola Tinubu doing with 9 jets in the Presidential fleet? Do you know how much it costs in U.S dollars to maintain just one jet?
My Principal told you that Nigeria must move from “Consumption to Production.”
“I will turn the vast lands in the North to farmlands. Kano & Kaduna will be the food processing zones. Aba will produce, Port Harcourt will export. Taraba & Plateau will produce tea, coffee & cotton for exports.”
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Peter Obi already hacked the Economic powerhouses of Nigeria. But some of you laughed at him! Like some Agbero on Oshodi Bridge, the very unserious Bola (became a clown at the campaigns). He said; “na statistics we go chop?” & you clapped! 😅
Now he has been to Saudi Arabia, to the UAE, to Germany, to COP28, even France. But FDIs is simply not coming!
Some modest reprieve will come by way of France in the area of Solid Minerals Mining. But it’ll take another battle to get the French to leave. This is all too familiar to Niger, Mali & Burkina Faso. Nigerians should pray that Bola does not mortgage their common wealth to his new found second home.
Smaller African countries like Tanzania, Congo, Angola, Zambia etc, are attracting huge Foreign Direct Investments at this critical time of global inflation & unstable macroeconomic outlook around the world. But not Nigeria! Why is that so?
Why is Nigeria finding it extremely difficult to attract investments into the country, leading to the devaluation of the Naira & the Naira in tatters. I need the illiterates called the Agbados to furnish me with the answers?
