29, September 2025/Naija 247news
President Bola Tinubu has taken a significant step towards transforming Nigeria’s economy by meeting with two prominent global investors, Bayo Ogunlesi and Hakeem Belo-Osagie, to discuss potential investments in the country’s oil and gas sector. This meeting is part of Tinubu’s efforts to attract foreign investment and drive sustainable economic growth.
Investment Opportunities
The discussions between Tinubu and the investors centered on unlocking large-scale investments in upstream oil and gas and critical infrastructure to drive Nigeria’s long-term growth. Ogunlesi, Chairman of Global Infrastructure Partners and BlackRock, and Belo-Osagie, Chairman of Metis Capital, are reportedly exploring a refinery project that could rival the $20 billion Dangote Refinery. This potential investment is expected to boost Nigeria’s energy security and modern infrastructure, aligning with Tinubu’s Renewed Hope Agenda.
Economic Reforms
Tinubu emphasized that his administration’s reforms are creating a better enabling environment for sustainable financing, global capital, and transformative projects. He expressed his commitment to making Nigeria Africa’s premier investment destination, leveraging credible global investors, including Nigerians in the diaspora and “sons of the soil”. The President’s economic reforms aim to strengthen Nigeria’s investment climate and attract global capital for transformative projects.
Expected Outcomes
If successful, these investments could lead to significant economic growth, job creation, and increased energy security for Nigeria. The potential refinery project could also reduce the country’s reliance on imported petroleum products, saving foreign exchange and improving the balance of payments.
The meeting between Tinubu and the global investors signals a positive development in Nigeria’s economic trajectory. With potential investments in the oil and gas sector, Nigeria is poised to unlock new opportunities for growth and development. As the country continues to attract foreign investment, it remains to be seen how these investments will impact Nigeria’s economy and energy sector.
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Reporting by Favor Akpan, News Writer in Lagos, Nigeria.
