Tinubu Secures Fresh Investment Commitments at Africa CEO Forum in Kigali

President Bola Ahmed Tinubu on Wednesday intensified Nigeria’s investment drive at the Africa CEO Forum in Kigali, Rwanda, holding a series of bilateral meetings with global investors and African leaders that could unlock new opportunities in infrastructure, energy, housing and solid minerals.

Special Adviser to the President on Media and Public Communications, Sunday Dare, disclosed this during an interview after the engagements, describing the President’s outing at the summit as “eventful and productive.”

According to Dare, President Tinubu participated actively at the forum’s plenary session alongside top African finance and business leaders, where discussions centred on scaling up investments across the continent.

He said the President later held detailed talks with the leadership of the International Finance Corporation (IFC), focusing on critical sectors including energy, transportation, housing and infrastructure development.

READ ALSO: Tinubu to Fasoranti at 100: Your Legacy Defines Justice, Unity

Dare revealed that the President also met with officials of APM Terminals, a ports development group already operating in Nigeria, where the company expressed readiness to inject an additional $600 million investment into the country.

“They are already in Nigeria and have an agreement to remain until 2031. At the meeting, they announced interest in investing another $600 million,” Dare said.

The presidential aide added that Tinubu also met with investors in the solid minerals sector who currently operate in Guinea and are seeking opportunities in Nigeria through an integrated model covering mining, infrastructure and allied industries.

In another high-level engagement, the Nigerian leader held talks with the President of Guinea, where both countries explored areas of economic cooperation, particularly in the metals and mining sectors.

Dare disclosed that President Tinubu may soon undertake an official visit to Guinea following an invitation extended during the meeting.

He noted that Guinea’s huge mineral potential presents fresh opportunities for partnership with Nigeria, adding that both countries are expected to deepen economic relations in the coming years.

Addressing concerns about the direct impact of the engagements on ordinary Nigerians, Dare explained that bilateral agreements and Memoranda of Understanding usually require implementation phases before tangible benefits emerge.

He, however, insisted that investor confidence in Nigeria has continued to rise due to the Tinubu administration’s economic reforms and improving macroeconomic stability.

“The investors repeatedly said that because of the success of the reforms, they now have confidence in the Nigerian economy and see stability returning,” he stated.

Dare further said the expected investments would eventually create jobs, boost industrial activities, generate taxes and support broader economic growth.

He also disclosed that the IFC plans to send a mission to Nigeria to identify critical sectors requiring intervention and support, particularly in energy and infrastructure.