President Bola Tinubu has declared that his administration has attracted foreign investments worth more than $30 billion in one year.

The president made the declaration while addressing Nigerians this morning to mark Nigeria’s Independence Day.

His words: “The economy is undergoing the necessary reforms and retooling to serve us better and more sustainably.

“If we do not correct the fiscal misalignments that led to the current economic downturn, our country will face an uncertain future and the peril of unimaginable consequences.

“Thanks to the reforms, our country attracted foreign direct investments worth more than $30 billion in the last year.”

Tinubu further stated that his administration is committed to free enterprise, free entry, and free exit in investments while maintaining the sanctity and efficacy of Nigeria’s regulatory processes.

“This principle guides the divestment transactions in our upstream petroleum sector, where we are committed to changing the fortune positively,” he noted.