Food processing – $20bn
 Railways – $15bn
 Power generation – $10bn
 Automobile assembly plants – $10bn
 Steel production – $5bn
 Solid mineral processing plants – $5bn
 Pharmaceuticals – $5bn
 Leather processing – $5bn
 Green energy – $5bn
 Cosmetics and beauty products – $5bn
If we can attract $85bn in foreign direct investment (FDI) in 2023 and then get domestic industrialists to invest a further $15bn in the economy, we should be fine. As things stand today, we are facing a crisis because Chinese overseas investment is slowing down and the Nigerian state no longer has the cash to take out stakes in commercial ventures.
Something simply has to give or Nigeria will collapse beneath our feet. Nigeria’s president has to attract about $85bn worth of investment if he wants to take 90m people out of poverty and end our designation as the poverty capital of the world.
By my calculations, about 30m sustainable and remunerative new jobs must be created to end the current scourge of terrorism, kidnapping, armed robbery, banditry, etc. I would like to see the masterplan.
We must not let Tinubu, Atiku, Obi and Kwankwaso get away it this time around. We need clear and coherent policies, that are properly costed and then polished off with details of how the funding to implement them will be raised.