Tinubu courts global investors in Paris, highlights 11.2% dollar GDP growth

PRESIDENT Bola Tinubu is in Paris, France, where he is holding talks with international investors, stressing his administration’s commitment to transparency, fiscal discipline, and the rapid rollout of key economic reforms. The engagement comes as the government reports an 11.2 percent growth in Nigeria’s GDP in dollar terms for 2025.

In a statement issued by presidential spokesman Bayo Onanuga, Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, presented the economic outlook, noting that the 11.2 percent expansion in dollar terms marks a significant milestone. He said the performance strengthens Nigeria’s ambition of building a $1 trillion economy by 2030.

Oyedele added that the government’s immediate focus is to ensure that ongoing reforms translate into measurable improvements in citizens’ welfare. He also committed to publishing quarterly financial reports to boost transparency and investor confidence.

Also speaking at the meeting, Director-General of the Debt Management Office (DMO), Ms Patience Oniha, reassured investors of Nigeria’s prudent borrowing strategy, emphasising a commitment to sustainable debt management practices.

The investor group included representatives from Citibank, Amundi (led by Valerie Baudson), BlueCrest, Ninety One, Kirkoswald Capital, Principal Finisterre, Prudential Global Investment Management (PGIM), and Mesarete Capital.

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Tinubu, who departed Nigeria on Sunday for a three-country visit, said his administration’s reform agenda is designed to eliminate structural distortions in the economy and stabilise key macroeconomic indicators, creating a foundation for inclusive and sustained growth.

He further noted plans to deepen reforms, improve transparency in the oil sector, and strengthen national security through measures such as decentralising policing and cutting off terrorist financing channels.

“The focus remains on policy stability and diligent execution to ensure these strategic shifts translate into concrete benefits for all Nigerians,” the president said.

Several investors at the meeting commended the administration’s reform efforts and expressed optimism about Nigeria’s economic direction. In response to a question on his plans beyond 2027, Tinubu pledged to maintain fiscal discipline, uphold transparency, and ensure consistency in policy implementation.