{"id":174426,"date":"2025-08-15T11:54:51","date_gmt":"2025-08-15T10:54:51","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/tinubus-economic-reforms-uncoordinated-and-reactive"},"modified":"2025-08-15T12:59:01","modified_gmt":"2025-08-15T11:59:01","slug":"tinubus-economic-reforms-uncoordinated-and-reactive","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive","title":{"rendered":"Tinubu&#8217;s Economic Reforms Uncoordinated and Reactive"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>Labour Party presidential candidate in the 2023 election, Peter Obi, has cited fresh economic data to criticise the President Bola Tinubu\u2019s government\u2019s handling of the economy.<\/p>\n<p>Obi warned that poor leadership and weak governance are driving away sustainable foreign investment.<\/p>\n<p>The former Anambra governor\u2019 statement comes amid claim by WTO DG, Ngozi Okonjo-Iweala, on Thursday that the Nigeria\u2019s economy has stabilized under Tinubu.<\/p>\n<p>She said the reforms under Tinubu\u2019s administration were moving in the right direction.<\/p>\n<p>Okonjo-Iweala spoke to State House correspondents after a courtesy visit to the President.<\/p>\n<p>However, in a post on X on Friday, Obi said: \u201cFDI to Nigeria Declines Amidst Unending Global Galivanting and Uncoordinated Reforms. While the President, Ministers, and other government officials continue their global galivanting in search of FDI, our poor performance in key governance indicators, such as rule of law, regulatory quality, government effectiveness, and voice and accountability, continues to prove that you cannot attract sustainable foreign investment with poor leadership and governance.\u201d<\/p>\n<p>Citing a recent National Bureau of Statistics report, he noted that Foreign Direct Investment (FDI) to Nigeria fell by about 70% in the first quarter of 2025, dropping to $126.29 million from $421.8 million in the last quarter of 2024.<\/p>\n<p>According to him, of the $5.64 billion total capital importation in Q1 2025, FDI accounted for only 2.24%, compared to 8.2% in Q4 2024.<\/p>\n<p>\u201cDisturbingly, about 90% of the imported capital went into speculative money market instruments,\u201d Obi said. \u201cWith such a high proportion of capital importation flowing into speculative investments, the impact on industrial growth or job creation is highly insignificant and elusive, given the ease with which such \u2018hot money\u2019 can exit the economy.\u201d<\/p>\n<p>He added that capital flows to the manufacturing sector declined by 32.1%, falling to $129.92 million in Q1 2025 from $191.92 million in the same quarter of 2023.<\/p>\n<p>\u201cIn 2024, while global FDI flows declined, FDI to Africa significantly increased to $97 billion\u2014a rise of about 75% compared to 2023,\u201d Obi stated. \u201cEgypt attracted the highest share in Africa, with $46.58 billion. Other top recipients included Ethiopia ($3.98 billion), Co\u0302te d\u2019Ivoire ($3.80 billion), Mozambique ($3.55 billion), Uganda ($3.30 billion), Democratic Republic of Congo ($3.11 billion), South Africa ($2.47 billion), Namibia ($2.06 billion), Senegal ($2.02 billion), Guinea ($1.83 billion), and Morocco ($1.64 billion).\u201d<\/p>\n<p>He lamented that Nigeria received only $1.08 billion in 2024, about 1% of Africa\u2019s total, representing a 42% drop from 2023. \u201cWorse still, after this 42% drop between 2023 and 2024, FDI to Nigeria has further declined by 75% between Q4 2024 and Q1 2025,\u201d he said.<\/p>\n<p>\u201cWe cannot achieve sustainable growth and development with ineffective leadership and a weak government,\u201d Obi added.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Labour Party presidential candidate in the 2023 election, Peter Obi, has cited fresh economic data to criticise the President Bola Tinubu\u2019s government\u2019s handling of the economy. Obi warned that poor leadership and weak governance are driving away sustainable foreign investment. The former Anambra governor\u2019 statement comes amid claim by WTO DG, Ngozi [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":174424,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[254,6564,222],"class_list":["post-174426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-nigeria","tag-okonjo-iweala-2","tag-peter-obi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tinubu&#039;s Economic Reforms Uncoordinated and Reactive - Nigeria<\/title>\n<meta name=\"description\" content=\"Labour Party presidential candidate in the 2023 election, Peter Obi, has cited fresh economic data to criticise the Pres ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tinubu&#039;s Economic Reforms Uncoordinated and Reactive\" \/>\n<meta property=\"og:description\" content=\"Labour Party presidential candidate in the 2023 election, Peter Obi, has cited fresh economic data to criticise the Pres ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-15T10:54:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-15T11:59:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1755246685.327591.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Tinubu&#8217;s Economic Reforms Uncoordinated and Reactive\",\"datePublished\":\"2025-08-15T10:54:51+00:00\",\"dateModified\":\"2025-08-15T11:59:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive\"},\"wordCount\":426,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1755246685.327591.jpg\",\"keywords\":[\"Nigeria\",\"okonjo iweala\",\"Peter Obi\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive\",\"name\":\"Tinubu's Economic Reforms Uncoordinated and Reactive - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1755246685.327591.jpg\",\"datePublished\":\"2025-08-15T10:54:51+00:00\",\"dateModified\":\"2025-08-15T11:59:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Labour Party presidential candidate in the 2023 election, Peter Obi, has cited fresh economic data to criticise the Pres ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1755246685.327591.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1755246685.327591.jpg\",\"width\":800,\"height\":600,\"caption\":\"Tinubu's Economic Reforms Uncoordinated and Reactive\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tinubu&#8217;s Economic Reforms Uncoordinated and Reactive\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tinubu's Economic Reforms Uncoordinated and Reactive - Nigeria","description":"Labour Party presidential candidate in the 2023 election, Peter Obi, has cited fresh economic data to criticise the Pres ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive","og_locale":"en_US","og_type":"article","og_title":"Tinubu's Economic Reforms Uncoordinated and Reactive","og_description":"Labour Party presidential candidate in the 2023 election, Peter Obi, has cited fresh economic data to criticise the Pres ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive","og_site_name":"Nigeria","article_published_time":"2025-08-15T10:54:51+00:00","article_modified_time":"2025-08-15T11:59:01+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1755246685.327591.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Tinubu&#8217;s Economic Reforms Uncoordinated and Reactive","datePublished":"2025-08-15T10:54:51+00:00","dateModified":"2025-08-15T11:59:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive"},"wordCount":426,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1755246685.327591.jpg","keywords":["Nigeria","okonjo iweala","Peter Obi"],"articleSection":["all news","Policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive","url":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive","name":"Tinubu's Economic Reforms Uncoordinated and Reactive - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1755246685.327591.jpg","datePublished":"2025-08-15T10:54:51+00:00","dateModified":"2025-08-15T11:59:01+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Labour Party presidential candidate in the 2023 election, Peter Obi, has cited fresh economic data to criticise the Pres ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1755246685.327591.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/08\/sm_1755246685.327591.jpg","width":800,"height":600,"caption":"Tinubu's Economic Reforms Uncoordinated and Reactive"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-economic-reforms-uncoordinated-and-reactive#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Tinubu&#8217;s Economic Reforms Uncoordinated and Reactive"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/174426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=174426"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/174426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/174424"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=174426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=174426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=174426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}