Join our Telegram group and receive breaking and trending news updates directly on your phone.
Join for News Updates ✕
By correspondent.
The Tinubu Media Volunteers (TMV) has said that the decision to cite the headquarters of the $5 billion Africa Energy Bank in Nigeria shows that the country remains a viable investment destination.
TMV in a statement signed by its Chairman Chukwudi Enekwechi and Secretary Sunday Shedrach Gyungoun that President Bola Tinubu also deserves credit for making it happen.
“So much has been said about Nigeria and foreign investments, but the decision by the African Petroleum Producers Organisation (APPO) to select Nigeria over South Africa, Ghana, Algeria, Cote D’Ivoire and Benin is a reflection of the country’s improved attraction power on the watch of President Tinubu.
“Clearly, our country remains a choice destination for foreign investments in Africa and we are convinced that we won the right to host the headquarters of the $5 billion African Energy Bank based on the proactive and visionary leadership of the President.
“It is, for us, a positive proof of President Tinubu’s strength in lobbying and international politicking and a sign that there is a lot more to come for the Nigeria under this administration.
“We also note that with Nigeria hosting the bank headquarters, the country, stands to benefit immensely, in the area of huge Foreign Direct Investments (FDIs) and an increase in foreign exchange inflow as a result of transactions between major players in Africa’s energy sector.
“Furthermore, the presence of the bank will make Nigeria a financial hub for the energy industry players in Africa aside from being a major boost to the country’s standing as an investment destination.
“We hope that this will make the rest of the world see the bigger picture of the immense investment opportunities in Nigeria, and we look forward to more of such morale boosting investments in the country. ”
The group also enjoined Nigerians to continue to support the Tinubu Administration in its effort to reposition the country and rejuvenate the economy.
