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Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms - Politics - Nairaland

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Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by abc115: 10:02am On Jun 19, 2023
“The excitement about the new president and his reforms is palpable,” a senior banker at a U.K-based financial institution told BusinessDay about how the foreign investor community is warming up to President Bola Tinubu’s economic reforms.

“I was in three cities in the United States last week to see clients and everybody was talking about Nigeria. “He has put Nigeria back at the top of the agenda, in a positive way,” the banker said.

Nigeria is on the lips of foreign investors again after nearly a decade of slipping under the radar.

Such is the rate at which President Tinubu has taken the world by surprise with bold reforms that looked impossible in the eight years prior to his assumption of Nigeria’s top office late last month.

Costly petrol subsidies were gone on his first day in office, paving the way for a tripling in petrol prices. The “thorough house-cleaning of monetary policy” he promised has also started with the suspension of Godwin Emefiele as CBN governor, followed quickly by the deregulation of the foreign exchange market which promptly led to the naira taking a more than 30 percent haircut at the official market.

The reforms have brought pain to Nigerians who now spend three times more to fill their car tanks.

What Tinubu has achieved in weeks, his immediate predecessor, Muhammadu Buhari, could not in years. That leads to the first set of questions foreign investors have been asking about Nigeria in the past week.

“Why is the new president able to do these things and Buhari wasn’t and why is no one protesting,” one foreign investor asked
.

Buhari had avoided these tough calls for fear of the social unrest they could spark in a country where poverty is rife and inflation is at a record-high.

Tinubu has, however, made light work of the difficult reforms and has done so while quelling protests that initially threatened to erupt as a result.

Taking away cheap fuel from people that had grown accustomed to the practice for many years was not going to happen without a fight..

https://businessday.ng/news/article/tinubu-puts-nigeria-back-on-the-map-as-investors-weigh-reforms/

6 Likes

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by Ireportlive: 10:04am On Jun 19, 2023
It was surprising reading about Nigerians Economic growth on Bloomberg

Light is stable

Increased Economic growth

7 Likes

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by BigBlackPreek(m): 10:05am On Jun 19, 2023
On your mandate I stand,

Ashiwaju Jagaban

10 Likes

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by SpecialAdviser(m): 10:06am On Jun 19, 2023
Another useless propaganda. Tuuuuuueeeeeh
Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by a4cube: 10:06am On Jun 19, 2023
I thought Bubu did it 8 yrs ago?
Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by Throwback: 10:08am On Jun 19, 2023
“I was in three cities in the United States last week to see clients and everybody was talking about Nigeria. “He has put Nigeria back at the top of the agenda, in a positive way,” the banker said.

Nigeria is on the lips of foreign investors again after nearly a decade of slipping under the radar.

Buhari did himself and Nigeria a great disservice when he shut out Tinubu from his government.

Instead of having his old nephew running a cabal within Aso Villa, he should have drawn Tinubu closer.

8 Likes

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by helinues: 10:09am On Jun 19, 2023
Na so

grin grin grin

3 Likes

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by PerfectStranger(m): 10:11am On Jun 19, 2023
a4cube:
I thought Bubu did it 8 yrs ago?

Dey play

3 Likes

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by November1857(m): 10:11am On Jun 19, 2023
Another cheap propaganda... grin grin
Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by abc115: 10:12am On Jun 19, 2023
November1857:
Another cheap propaganda... grin grin

4 Likes 1 Share

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by November1857(m): 10:16am On Jun 19, 2023
[quote author=abc115 post=123891807][/quote] You can win election through propaganda, but you can't rule with it.. GEJ
Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by drlateef: 10:16am On Jun 19, 2023
SpecialAdviser:
Another useless propaganda. Tuuuuuueeeeeh



Only for you. For us we are moving forward. The other day an LP stalwart was saying that the UN is wary that Nigeria may become a superpower with Tinubu as leader. That is what he is hearing at meetings of international diplomats on Nigeria. You are there thinking of doom. That doom is only in your family.

5 Likes

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by Essenza01: 10:19am On Jun 19, 2023
Costly petrol subsidies were gone on his first day in office, paving the way for a tripling in petrol prices. The “thorough house-cleaning of monetary policy” he promised has also started with the suspension of Godwin Emefiele as CBN governor, followed quickly by the deregulation of the foreign exchange market which promptly led to the naira taking a more than 30 percent haircut at the official market.

The reforms have brought pain to Nigerians who now spend three times more to fill their car tanks.

How is this good news... Do people still read or just jump on headlines..

What is an investor doing in a poverty capital/unemployment capital.. the only thing investors seek is cheap labour which the new electricity tariff that takes effect next month is not even palatable..

Where are the people policies.. the policies that take people out of poverty, those policies increase buying power which in turn creates employment.
Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by marlow1962(m): 10:37am On Jun 19, 2023
See as some citizens they happy for wertin no go benefit them half pinch, nawa.
Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by obembet(f): 11:03am On Jun 19, 2023
Children of hate will alway look for bad news about Tinubu.


Obidient over to you grin

3 Likes

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by Zxcvbnmghtr: 11:08am On Jun 19, 2023
a4cube:
I thought Bubu did it 8 yrs ago?

The bills Tinubu has been signing was by Buhari's administration. Buhari already stopped paying for oil subsidy 6 months ago. Government is a continuous process and Buhari has done alot to pave way for Tinubu to be successful in his administration.

1 Like 1 Share

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by a4cube: 12:13pm On Jun 19, 2023
Zxcvbnmghtr:


The bills Tinubu has been sign was by Buhari's administration. Buhari already stopped paying for oil subsidy 6 months ago. Government is a continuous process and Buhari has done alot to pave way for Tinubu to be successful in his administration.
Why is Tinubu arresting those that worked with Bubu to pave way for his success?
Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by Alliswell248: 12:17pm On Jun 19, 2023
SpecialAdviser:
Another useless propaganda. Tuuuuuueeeeeh

Painment, and sore loser, are you there?

4 Likes

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by DevilsEqual(m): 12:19pm On Jun 19, 2023
An accountant wouldn't pass off as an economist cause they aren't one

BAT has proven to be excellent in both, man has a track record of knowing how to successfully woo investors into building in his domain


With him, we can only go higher economically

4 Likes

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by SpecialAdviser(m): 12:22pm On Jun 19, 2023
Alliswell248:


Painment, and sore loser, are you there?
The poverty ravaging your family has not taught you anything? Shame
Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by Dapson73(m): 12:25pm On Jun 19, 2023
Zxcvbnmghtr:


The bills Tinubu has been sign was by Buhari's administration. Buhari already stopped paying for oil subsidy 6 months ago. Government is a continuous process and Buhari has done alot to pave way for Tinubu to be successful in his administration.


Stop saying thrash. The subsidy will go with June, so, from july, no subsidy agsin.
Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by Zxcvbnmghtr: 2:05pm On Jun 19, 2023
Dapson73:



Stop saying thrash. The subsidy will go with June, so, from july, no subsidy agsin.
Ok
Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by Zxcvbnmghtr: 2:06pm On Jun 19, 2023
a4cube:
Why is Tinubu arresting those that worked with Bubu to pave way for his success?

Because the are criminals like Nnamdi Kanu.

1 Like

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by Holluwhakemmy(f): 2:26pm On Jun 19, 2023
Nigeria on the news for positive reasons
God bless our president Bola Hammed Tinubu for reforming our economy thereby bringing about economic growth and development

1 Like

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by Nobody: 2:35pm On Jun 19, 2023
Essenza01:


How is this good news... Do people still read or just jump on headlines..

What is an investor doing in a poverty capital/unemployment capital.. the only thing investors seek is cheap labour which the new electricity tariff that takes effect next month is not even palatable..

Where are the people policies.. the policies that take people out of poverty, those policies increase buying power which in turn creates employment.

Simple economics. A stronger economy creates jobs which in turn gets people out of poverty. What poor people like you should do right now is find ways to learn a trade and stop constituting nuisance online. Go learn a skill..

Be it bricklaying, tailoring, plumbing, farming (cashew farming in particular), computing, etc once you can use your hand/brain to do something someone else finds valuable, you will be well compensated for it. When you get your salary don’t spend everything on olosho, invest it in the stock market and let your money work for you. Do this for yourself and future generations, otherwise your children will curse you for being an obi.diot.
Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by Alliswell248: 2:45pm On Jun 19, 2023
SpecialAdviser:

The poverty ravaging your family has not taught you anything? Shame

Poverty ravaging your family is not an excuse to go into drugs peddling and kill innocent lives.
God would deliver you.
Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by SpecialAdviser(m): 2:47pm On Jun 19, 2023
Alliswell248:


Poverty ravaging your family is not an excuse to go into drugs peddling and kill innocent lives.
God would deliver you.
Kikiki. Tinubu is a drug lord sniffing moro.n cheesy tongue
Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by Nobody: 2:54pm On Jun 19, 2023
SpecialAdviser:

Kikiki. Tinubu is a drug lord sniffing moro.n cheesy tongue

His excellency President Bola Ahmed is the president of Nigeria.

Meanwhile your fraudulent 3rd class in philosophy dullard will never be the president of Nigeria grin

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by SpecialAdviser(m): 2:55pm On Jun 19, 2023
Ajagunakin:


His excellency President Bola Ahmed is the president of Nigeria.

Meanwhile your fraudulent 3rd class in philosophy dullard will never be the president of Nigeria grin
Hope you guys will give him enough pampers to change when next he visit France hospital grin grin
Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by Nobody: 2:58pm On Jun 19, 2023
SpecialAdviser:

Hope you guys will give him enough pampers to change when next he visit France hospital grin grin

We will! God bless him. We will provide him with whatever he needs to progress Nigeria forward, it’s time to let wise people with big brains and courage to run this country.

1 Like

Re: Tinubu Puts Nigeria Back On The Map As Investors Weigh Reforms by SpecialAdviser(m): 3:25pm On Jun 19, 2023
Ajagunakin:


We will! God bless him. We will provide him with whatever he needs to progress Nigeria forward, it’s time to let wise people with big brains and courage to run this country.
Nobody trust you. You spent last 8 years calling failure Buhari, your darling daddy. You reinforced the same scam again. After 2 years you start your excuse propaganda. Those who believe you are living in illusion

1 Like 1 Share

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