UNGA78: FG initiates more than $30 billion foreign investment

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Nigeria's participation in the 78th United Nations General Assembly (UNGA78) has surpassed mere diplomatic exchanges, ushering in the promise of substantial

General Assembly has surpassed mere diplomatic exchanges, ushering in the promise of substantial foreign direct investments that may well exceed $30 billion within the next two years.

According to credible sources, new efforts initiated by the Tinubu administration during the UNGA78 now place Nigeria in a vantage position to benefit from the Partnership for Global Infrastructure and Investment which was launched in June 2022 as a democratic alternative to the Chinese Belt and Road Initiative.

Under the new minerals engagement policy of the Biden administration, the United States government has begun implementing its resolve to enhance African countries’ production of lithium, nickel, cobalt and other minerals and the Democratic Republic of Congo started the development of battery supply chain some months ago.

 

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