President Bola Tinubu has affirmed that Nigeria’s economy is rebounding, citing billions of dollars in new hydrocarbon investments and the successful completion of the OB3 gas pipeline crossing.
ABUJA – President Bola Ahmed Tinubu has declared that Nigeria has emerged as a premier destination for global investment, asserting that the nation’s economy is on a steady path to recovery despite persistent challenges.
Speaking on Thursday at the State House during a meeting with the Civil Society Organisation on Community Advancement and Humanitarian Empowerment Initiative (CSCHEI), the President highlighted that the economy has successfully attracted billions of dollars in unprecedented investment, particularly within the hydrocarbons sector.
A centerpiece of the President’s address was the announcement of a major milestone in Nigeria’s gas infrastructure: the completion of the River Niger crossing for the OB3 Gas Pipeline. Utilizing advanced horizontal directional drilling technology to lay pipes two kilometers beneath the riverbed, the project unlocks a transport capacity of 2 billion standard cubic feet per day.
“I have just received the good news that our gas investment has crossed the most difficult river and is moving very effectively,” the President noted, emphasizing that this development will significantly bolster energy security, power generation, and industrial growth nationwide.
The President also pointed to the “audacious” Sokoto-Badagry highway project as a catalyst for future growth. He noted that the corridor features over 75 dams capable of supporting irrigation, technology, and power generation to improve the quality of life for millions of Nigerians.
Addressing security, President Tinubu stated that efforts to improve the national situation are progressing. He specifically mentioned that the proposal for state police is receiving serious attention, though he cautioned that such a structural change “is not a situation that you can rectify with a snap of the finger.”
The Director-General of CSCHEI, Kunle Yusuff, commended the President’s transformative reforms, describing him as the “architect of Nigeria’s new financial infrastructure.” Yusuff highlighted that federal revenue outcomes have witnessed exponential growth exceeding 300% under the current administration.
The UN-accredited organization, which coordinates various NGOs and community-based groups, pledged to help ensure that citizens better understand and appreciate government developmental efforts. Yusuff specifically praised the administration’s stance on local government autonomy and the implementation of the Sustainable Development Goals (SDGs).
While lauding successes in infrastructure and the Nigerian Education Loan Fund (NELFUND), the civil society group called for an expansion of the social investment programmes to reach more beneficiaries. President Tinubu concluded by thanking the group for promoting intellectualism in governance, stating, “We have survived the edge of bankruptcy; we are seeing the light at the end of the tunnel.”
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