PARIS, France — A pro-government media group has hailed the presence of high-calibre global investors at a recent meeting with President Bola Tinubu in France as a “major vote of confidence” in Nigeria’s economic reforms.
The Tinubu Media Support Group (TMSG) described the engagement as a direct rebuff to opposition figures who have characterised the Nigerian economy as failing. In a statement signed by Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, the group argued that the calibre of institutions at the table reflects Nigeria’s growing status as a “credible investment destination.”
A ‘Galaxy’ of High-Net-Worth Institutions
The meeting in Paris reportedly featured representatives from several of the world’s most influential financial institutions and hedge fund managers, including:
- Banking and Asset Management: Citibank, Amundi, PGIM, and Ninety One.
- Hedge Funds: Blue Crest, Kirkoswald, Principal Finisterre, and Mesarete Capital.
The TMSG noted that these institutions manage assets worth trillions of dollars globally and would not engage if there were no significant prospects for returns. “These are respected hedge fund managers who are only interested in major emerging markets with great promise,” the group stated.
The Road to a $1 Trillion Economy
According to the statement, the discussions focused on securing the necessary capital to accelerate Nigeria’s goal of becoming a $1 trillion economy by 2030.
Key highlights of the presentation to investors included:
- Economic Growth: A reported 11.2% GDP growth in dollar terms in 2025.
- Policy Reforms: A focus on stability, transparency, and the “disciplined execution” of fiscal policies.
- Ease of Doing Business: Ongoing efforts to remove bureaucratic bottlenecks for long-term investors.
Dismissing ‘Medical Tourism’ Claims
The TMSG also took the opportunity to address rumours from the opposition suggesting the President’s three-day visit to France was for medical reasons.
The group dismissed these claims as “absurd and outlandish,” sarcastically asking if global institutions like Citibank had now begun operating medical facilities. They urged Nigerians to focus on the “dividends of economic diplomacy” rather than what they described as the selfish ambitions of political detractors.
The group concluded by expressing confidence that President Tinubu remains committed to his post-2027 agenda of fiscal discipline and policy consistency to ensure the economy remains stable.
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