Tinubu engages global investors in Paris, pledges fiscal discipline, others

President Bola Tinubu has met with high-level global investors in Paris, France, during the first leg of a three-nation tour to highlight Nigeria’s economic progress and defend his administration’s bold reforms.

At the high-level meeting, the President outlined the next phase of his administration’s economic agenda, pledging to deepen fiscal discipline, entrench transparency, and ensure policy consistency.

Also speaking, the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, highlighted Nigeria’s strong GDP growth in dollar terms in 2025.

He said Nigeria recorded 11.2% GDP growth in dollar terms last year, a record that reinforced the country’s ambition to achieve a $1 trillion economy in 2030.

Oyedele emphasised the government’s near-term priorities of translating reforms into results for the Nigerian people.

He also pledged to publish quarterly financial data.

On her part, the Director General of the Debt Management Office, Mrs Patience Oniha, assured investors of the government’s responsible approach to debt financing and its focus on sustainable debt management.

The investors were from Citibank and France’s Amundi, led by Valerie Baudson.

There were also BlueCrest, the Britain- and South Africa-based Ninety One, Kirkoswald Capital, Principal Finisterre, US groups Prudential Global Investment Management (PGIM) and Mesarete Capital.

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President Tinubu, who departed Nigeria on Sunday for a three-nation diplomatic tour, said the economic reform program of his administration includes measures to remove economic distortions and stabilise macroeconomic indicators, laying the foundation for sustained inclusive growth.

He said his government is committed to deepening reforms, enhancing transparency across the oil value chain, and implementing a multi-pronged security strategy, including police decentralisation and disrupting terrorist financing.

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

Some of the investors who spoke at the meeting commended the government’s transformative reforms and expressed optimism about the Nigerian economy.

One of the investors had sought clarity on the administration’s direction beyond 2027, to which Tinubu responded with assurances of continuity in reform implementation and governance discipline.

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