Adebayo Ogunlesi

The chairman of Global Infrastructure Partners, Adebayo Ogunlesi, has voiced strong confidence in President Bola Tinubu’s economic reforms, describing them as a solid platform for attracting renewed international investment into Nigeria.

Ogunlesi made these comments following a recent meeting with the President at his Lagos residence, where they discussed ways to increase private sector involvement in critical sectors such as energy, aviation, and ports.

Speaking to journalists after the meeting, Ogunlesi praised the government’s economic direction, pointing to the removal of fuel subsidies, ongoing tax reforms, and the revival of the national refinery now exporting aviation fuel as clear indicators of meaningful policy progress.

“We had an excellent meeting where we discussed strategies to put Nigeria front and centre for global investment. The President was very encouraging, and we exchanged valuable ideas on driving economic growth,” he said.

Although he declined to share specific investment figures, Ogunlesi confirmed that his firm is already investing in Nigeria and exploring new opportunities across various industries.

“Watch this space. Nigeria may not yet be the most exciting investment destination, but that’s what we are working on,” he noted.

He highlighted key areas of interest, including energy, gas, aviation, ports, and renewable energy, stressing that Nigeria’s large gas reserves remain underutilised.

Drawing from his company’s experience with LNG projects in Texas and Australia, he described Nigeria’s energy sector as “ripe for sustainable partnerships.”

Ogunlesi also expressed a keen interest in helping develop Nigeria’s aviation infrastructure.

He admitted that while one of his companies operates ports in Cotonou and Lomé, it has no operations in Nigeria a fact the President jokingly challenged him on.

“He forgave me but said, ‘You must bring port investment to Nigeria,’” Ogunlesi recounted with a smile.

International investor Hakeem Bello-Osagie, who was also present, underscored the vital role of diaspora participation in driving Nigeria’s economic transformation.

Bello-Osagie said, “When Nigerians at home and abroad invest in the country, it sends a powerful message to the global community.”

Supporting this view, Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, remarked that the government’s fiscal and structural reforms are establishing the base for an export-driven economy.

“We have done the fundamentals, and now it is time to deliver growth,” Adedeji noted.

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