Thursday, September 28, 2023

Reactions trail President Tinubu’s diplomatic strides, effects on economy



Stakeholders have hailed President Bola Ahmed Tinubu’s economic reforms and diplomatic alliances as they are intended to attract investments and partnerships to Nigeria, while aligning with international and regional cooperation.

They however charged the President to look into making the country comfortable so as to gain the confidence of the investors.

In a chat with Orange FM they also called on the president to adequately follow up on the Nigeria – UAE row as it appears the country has not honored the agreement.

For more than a week, President Bola Tinubu, Nigeria’s chief foreign policy officer has been on a diplomatic offensive to New Delhi, on the sidelines of the G20 Summit hosted by India where he met some investors who according to his media aide Ajuri Ngelale have pledged to come and invest in Nigeria.

In India, the total pledge by Indian investors was put at 14 billion dollars.

He also had a quick diplomatic stopover in the United Arab Emirates (UAE) to find a lasting solution to the row between the two nations which also ended With a positive news as President Tinubu was able to secure the lifting of visa ban on Nigerians and the immediate restoration of flight activity to Nigeria by Emirates Airlines without any immediate payment by the Nigerian government.

In October last year the UAE stopped giving visas to Nigerians when Dubai’s Emirates airline cancelled flights to Africa’s largest economy after Nigeria stopped repatriating payments to the Gulf state.

Reacting to the issue of attracting foreign investments into Nigeria, a don Dr Adedayo Afe called on President Tinubu to provide enabling environment to attract the investors and proper security as well.

On the diplomatic relations with the UAE, he called for provision of a national carrier as it will aide a balanced economic relations for both countries.

Similarly, a public affairs analyst Henry Olonimoyo reeled out the expectations from the present administration as regards state policing which will go a long way to boost the security system of the country thereby attracting heavy foreign investment and impacting on the economy.

An economic expert, Mr. Kofoworola Akinjo questioned the readiness of Nigeria to play a major role as Africa’s largest economy with an already dwindled economy.

Akinjo also called for the provision of a national carrier and urged President Tinubu to focus on the aviation sector and aerospace development while also taking a closer and critical look at AMCON and the interest of stakeholders in that industry.

However, The United Arab Emirates (UAE) has contradicted claims by the federal government that it has lifted its visa ban on Nigerian travellers.

In a report on Friday, CNN quoted an official of the UAE as saying the visa ban on Nigerians is still in effect so far.