The Minister of Interior, Olubunmi Tunji-Ojo, has expressed optimism over increasing Foreign Direct Investment (FDI) in Nigeria, attributing the trend to reforms under President Bola Ahmed Tinubu’s Renewed Hope Agenda.
He made this known during a meeting with Jagir Baxi of ExxonMobil, where he encouraged further investment in Nigeria’s oil sector, particularly in offshore exploration.
The Minister assured investors of the government’s commitment to maintaining a favourable business environment and strengthening investor confidence.
He also commended ExxonMobil for its long-standing contributions to the Nigerian economy, noting that the company has invested over $3.5 billion in the country.
In response, Baxi reaffirmed ExxonMobil’s continued commitment to Nigeria, highlighting key projects such as the Erha oil field and the company’s contributions through royalties, taxes, and levies.
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