...says propaganda won't attract investors
The Presidential candidate of the People's Democratic Party , in the 2023 election, Atiku Abuabar, has said foreign investors will avoid Nigeria as long as the current administration sticks to propaganda as its state policy instead of focusing on attracting real investors.
Citing a report by Paris-based Africa Intelligence News Agency where it was revealed by the Corporate Affairs Commission that Seyi is officially a business associate of Chagoury, the former Vice President added that it was"not surprising that the Chagoury Group had become the biggest beneficiary of the Tinubu largesse."
"It is on record that this project is the most expensive single project ever embarked upon by the Nigerian government. The fact that it is happening at a time Nigeria is facing its worst economic crisis ever is a red flag. He also argued that rather than improving the ease of doing business, the Tinubu administration had shown to the world that his personal business interest and that of his family would always be prioritised over and above national interest.
"The IMF in its latest report stated that Nigeria will by the end of the year become the 4th largest economy in Africa behind South Africa, Egypt and Algeria, a disgraceful development for a nation which was the largest in Africa by a mile when the PDP left the stage in 2015. "The N500m that was approved by the National Assembly for the project was ignored, while over N1tn was released by Tinubu's administration without approval from the National Assembly.
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