By By Elizabeth Ugbo
The Minister of Budget and Economic Planning, Abubakar Bagudu, says President Bola Tinubu’s economic reforms have positioned Nigeria as Africa’s most attractive investment destination.
Bagudu made the remarks during the Third Hamburg Sustainability Conference in Hamburg, Germany. The Ministry of Budget and Economic Planning disclosed this in a statement released on Thursday.
According to the minister, the government’s reforms have strengthened macroeconomic stability and increased investor confidence. As a result, Nigeria has become more attractive for long-term investments across several strategic sectors.
Tinubu Economic Reforms Boost Investor Confidence
Bagudu said the Federal Government remains committed to creating an enabling environment for sustainable investment.
He explained that ongoing macroeconomic reforms continue to restore investor confidence, improve fiscal sustainability and encourage greater private sector participation.
He added that the reforms have opened new opportunities in infrastructure, energy, agriculture, manufacturing, digital innovation and climate-resilient development.
Furthermore, he stressed that Nigeria will continue to deepen partnerships with the international community to accelerate economic transformation and sustainable development.
Nigeria Signs Hydrogen Economy Partnership
On the sidelines of the conference, Bagudu met officials of the H2Global Foundation. During the meeting, the foundation presented an updated roadmap for developing Nigeria’s hydrogen fuel potential.
Discussions focused on Nigeria’s renewable energy resources, abundant natural gas reserves and growing green industrialisation efforts.
Both parties also explored Nigeria’s potential to become a major producer and exporter of green hydrogen for regional and international markets.
The meeting concluded with the signing of a Memorandum of Understanding (MoU) between the Ministry of Budget and Economic Planning and the H2Global Foundation.
The agreement establishes a framework for cooperation in developing Nigeria’s hydrogen economy.
Germany-Based Investors Explore Green Investment Opportunities
Bagudu also met the Chief Executive Officer of the German-African Business Association, Ms Claudia Voss.
During the meeting, Voss introduced the minister to senior executives of ODDO BHF, a European financial institution.
The company has investments in reforestation, sustainable forestry, carbon credit financing, import financing and green investment projects across Africa.
According to the ministry, ODDO BHF executives praised the Federal Government’s economic reforms.
They noted that recent policy measures have improved Nigeria’s investment outlook and increased international investor confidence.
Talks Focus on Climate Finance and Carbon Markets
The discussions also covered opportunities in sustainable forestry, environmental restoration and climate finance.
In addition, both sides examined carbon market development, green investments and innovative financing mechanisms.
Bagudu said Nigeria’s vast natural resources and expanding carbon market create strong opportunities for mutually beneficial partnerships.
He added that these collaborations can generate environmental, social and economic benefits while supporting Nigeria’s transition to a low-carbon economy.
Hamburg Sustainability Conference Promotes Global Partnerships
The Third Hamburg Sustainability Conference took place on June 29 and 30 in Hamburg, Germany.
The Government of Germany jointly organised the event with the United Nations Development Programme, the Michael Otto Foundation and other international partners.
The conference brought together heads of government, ministers, development finance institutions, multilateral organisations, academics, development experts and private sector leaders.
Participants discussed ways to strengthen international cooperation, mobilise investment, promote practical partnerships and develop innovative financing solutions.
The conference also focused on advancing climate action, building resilient economies and accelerating progress toward the Sustainable Development Goals.
Nigeria Seeks More Sustainable Investment
Bagudu reaffirmed Nigeria’s commitment to leveraging international partnerships to attract sustainable investments.
He said the country aims to strengthen economic resilience while building a competitive, inclusive and climate-responsive economy.
According to the ministry, the Federal Government will continue implementing reforms that support long-term economic growth and improve Nigeria’s global investment competitiveness.
