NewStats: 3,263,681 , 8,181,017 topics. Date: Saturday, 07 June 2025 at 09:53 AM l1k5t

The Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, has stated that the global economic community and multilateral financial institutions are placing increased confidence in Nigeria’s economy due to the bold reforms initiated by President Bola Ahmed Tinubu’s istration.

Bagudu made the remarks in a statement signed by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Wednesday.

According to the Minister, the economic decisions taken by the istration are already yielding dividends, attracting investor interest, and strengthening Nigeria’s fiscal position.

“We have seen investors from Brazil, Belarus, and Saudi Arabia increasingly entering our agricultural space. The world economic community and multilateral institutions are putting more faith in our economy.

“Investors want to see good policy—can I get paid back? Are the numbers credible? Is the environment transparent? That’s why they appreciate when they see quarterly GDP growth,”

“For the first time in 25 years, Nigeria is refining oil. Mr President was courageous enough to allow crude sale in naira to our refiners. This is a testament to his belief in our economy.”,
Bagudu said.



Fuel subsidy removal, FX unification driving investor confidence

Bagudu described the removal of fuel subsidies and the unification of the foreign exchange market as transformative decisions that are restoring fiscal discipline and transparency.

“We were losing 5% of our GDP on fuel subsidy—money going to just a few, Mr President took the courageous step to end it.”, he stated.

He further noted that the FX reforms have significantly reduced arbitrage and encouraged market fairness.

“The foreign exchange reform removed uncertainty and favouritism. We now have a fair market—willing buyer, willing seller—which has generated revenue growth and boosted private sector confidence,” he added.



Budgets focused on responsibility and investment

Bagudu also highlighted the 2024 and 2025 budgets as key instruments balancing fiscal prudence and strategic investments.

“We have increased spending in health, education, infrastructure, security, and technology. The 2024 budget achieved significant deficit reduction, and more importantly, it showed that we are serious—and the markets believed us,” he noted.

The Minister credited this growing market confidence to the istration’s consistency, policy discipline, and a shift towards data-driven planning.

Speaking on public finance management, Bagudu pointed to President Tinubu’s insistence on constitutional and institutional respect, especially regarding inherited liabilities from the previous istration.

“Mr President inherited N22.7 trillion in Ways and Means financing, but he insisted on respecting the Central Bank’s independence. That discipline is earning us credibility globally,” Bagudu explained.

He emphasized that such decisions, though politically difficult, are necessary to signal seriousness to the international community and domestic investors alike.

Acknowledging the hardship many Nigerians currently face, Bagudu compared the reform process to a physical fitness journey.

https://nairametrics.com/2025/05/15/investors-from-brazil-belarus-saudi-entering-nigerias-agricultural-space-bagudu/

Soldier go, soldier come barrack remains. Some companies left, Nigerian wailers were rejoicing, now more are coming in, trust me, wailers won't be happy with this news.


-Kiss the truth!

What do they call it again?




PROPAGANDA!

Idiotic propaganda

We have millions of serious people ready to farm there in Nigeria, but with the free roaming of cattle, farming is just a method to feed cows without herdsmen spending on foodstuff.

Maybe Brazilian, and Saudi farmers are immune to crop destruction

christejames:
What do they call it again?




PROPAGANDA!

It is not, this is the reality. Nigeria is on the move again. Don't get left behind.
As much as some would like the economy to collapse so they can use that to further their fear mongering, the reality is different. Glory be to God.

ElSudani:



It is not, this is the reality. Nigeria is on the move again. Don't get left behind.

On the move towards another propaganda campaign.

PresidObi:


On the move towards another propaganda campaign.

No, inflation is coming down and production is in the upward swing.
Looking back from last year things are getting better.

ElSudani:


No, inflation is coming down and production is in the upward swing.
Looking back from last year things are getting better.

How much is dollar today, how much was it last week?

PresidObi:


How much is dollar today, how much was it last week?

Bro, we don't spend dollars in Nigeria. I understand your plight though.
For Obi to become president you will have to convince Nigerians to vote against their own well-being.
Improvement in the economy is therefore a bad news for you.

ElSudani:


Bro, we don't spend dollars in Nigeria. I understand your plight though.
For Obi to become president you will have to convince Nigerians to vote against their own well-being.
Improvement in the economy is therefore a bad news for you.

Thank you for dodging a parameter where I would have proved to you that inflation is still on the rise. I won't celebrate propaganda, I will wait till there are visible gains before accepting fake stories.

PS: I'm getting tired of this forum. Why delete my post in the first place and then restored it when you feel like. It hurts most that the proofs I attached collaborating the statements of the minister were also deleted.

PressMyButton:




Una mind no go touch ground..




After God, na Tinubu 💪 God bless Nigeria

We have seen more than these propaganda before

Seems like another monies were released for more propaganda this week

Next week, Japan, USA, China and Bermuda will be investing 70 bln dollar each into Nigeria air projects

Try harder.

Pray it materialise and it provide employment for more Nigerians

christejames:
What do they call it again?




PROPAGANDA!

it was propaganda when some company where leaving too?

deji17:
Pray it's true and provide employment for more Nigerians

If half of the ones they have attracted with lies in 2023 were true, unemployment would have disappeared since.

fuckJones:
it was propaganda when some company where leaving too?

That one was physical, we saw them packing their bags and jumping on planes like you dey jump on BRT buses

PresidObi:


If half of the ones they have attracted in 2023 were true, unemployment would have disappeared since.

Do you have evidence to your claim?

deji17:

Do you have evidence to your claim?

Have you forgotten so soon, have you forgotten how many billions were quoted that was won when the dispenser visited Saudi in 2023?

I hope this is not the "Rice Pyramid" type of investment
that the Buhari-led istration displayed some years back in Abuja..

Then the pyramids were dismantled couple of weeks after and the price of Rice went above the reach of Nigerians.

We were losing 5% of our GDP on fuel subsidy—money going to just a few, Mr President took the courageous step to end it.”

Can these people stop telling this silly lie?

All Nigerians were directly and indirectly benefiting from the fuel subsidy. That's why its removal skyrocketed the prices of everything.

Great! But pls let this not be propanganda. Let's see not just hear

The agbotikuyo people are sad again, u will see how they will call it propaganda but let the news b anything bad n they will start running around

christejames:
What do they call it again?




PROPAGANDA!

agbotikuyo family for a reason.

Just tell them 40 companies are leaving Nigeria n they will b happy

Simply because Nigeria rejected their agulu fraud now they are wishing d country bad

Propaganda can't run an economy.

Overdrive propaganda can't win any reelection only rigging can

All these APC Audio investments shaaa

Ur marriage self na propaganda

christejames:
What do they call it again?




PROPAGANDA!

As in are they going to take our seedling to their country to farm and export the finished produce to us, because from the last time I checked Nigeria's insecurity and farmers herders challenge has not be resolved. So what's the difference. How has FG handled the challenges to encourage both local and foreign investors?

Good one since my country youth chose laziness, bullying, obidient and online Lamentation as the gainfu employment so let Brazil, Belarus etc tap in to the agriculture gap a explore it.

Pics of the investors flowing in from the airport and g agreement in the firms or Idonbelieveit period.

All these sponsored publications can’t be trusted. I am not a fool.