Tinubu’s Reforms Have Made Nigeria Africa’s Investment Hub — Bagudu

The Minister of Budget and Economic Planning, Abubakar Bagudu, has said that the economic reforms introduced by President Bola Tinubu have positioned Nigeria as Africa’s most attractive investment destination by strengthening macroeconomic stability and restoring investor confidence.

Bagudu made the remarks during the Third Hamburg Sustainability Conference held in Hamburg, Germany, according to a statement issued on Thursday by the Ministry of Budget and Economic Planning.

The minister said the reforms had significantly improved Nigeria’s investment climate, making the country increasingly attractive for long-term investments across critical sectors of the economy.

According to the ministry, Bagudu explained that improved macroeconomic stability has created new opportunities for investors in infrastructure, energy, agriculture, manufacturing, digital innovation and climate-resilient development.

He reiterated the Federal Government’s commitment to sustaining policies that promote economic growth through ongoing reforms aimed at restoring investor confidence, strengthening fiscal sustainability and expanding private sector participation.

Bagudu also stated that Nigeria would continue to deepen international partnerships to accelerate economic transformation and sustainable development.

“Nigeria is determined to leverage international partnerships to mobilise sustainable investment, strengthen economic resilience and accelerate the country’s transition towards a competitive, inclusive and climate-responsive economy,” the ministry quoted him as saying.

The Hamburg Sustainability Conference, jointly organised by the Government of Germany, the United Nations Development Programme, the Michael Otto Foundation and other global partners, brought together government officials, development institutions, private sector leaders, academics and experts to discuss sustainable development, climate action and innovative financing.

On the sidelines of the conference, Bagudu met with the Chief Executive Officer of the German-African Business Association, Claudia Voss, and senior executives of ODDO BHF, a European financial institution involved in reforestation, carbon credit financing, sustainable forestry and green investments across Africa.

Representatives of the institution reportedly commended Nigeria’s recent economic reforms, noting that the policy measures had improved the country’s investment outlook and strengthened international investor confidence.

Discussions focused on opportunities for collaboration in sustainable forestry, climate finance, carbon market development, environmental restoration and other green investment initiatives.

Bagudu also held talks with the H2Global Foundation on Nigeria’s potential to develop a hydrogen economy, highlighting the country’s renewable energy resources and natural gas reserves as major competitive advantages.

The engagement concluded with the signing of a Memorandum of Understanding between the Ministry of Budget and Economic Planning and the H2Global Foundation to support the development of Nigeria’s hydrogen fuel sector and advance the country’s transition to a low-carbon economy.