By Taiwo Scholarstica
The Minister of Budget and Economic Planning, Abubakar Bagudu, has said the economic reforms introduced by President Bola Tinubu have positioned Nigeria as Africa’s most attractive investment destination by strengthening macroeconomic stability and boosting investor confidence.
Bagudu made the remarks during the Third Hamburg Sustainability Conference held in Hamburg, according to a statement issued on Thursday by the Federal Ministry of Budget and Economic Planning.
The minister said the government’s ongoing reforms had improved Nigeria’s investment climate, making the country increasingly attractive for long-term investments across critical sectors, including infrastructure, energy, agriculture, manufacturing, digital innovation and climate-resilient development.
According to the ministry, Bagudu reaffirmed the Federal Government’s commitment to sustaining macroeconomic reforms aimed at restoring investor confidence, strengthening fiscal sustainability and creating greater opportunities for private sector participation.
He also stressed Nigeria’s determination to deepen partnerships with the international community to accelerate economic transformation and sustainable development.
“Nigeria is determined to leverage international partnerships to mobilise sustainable investment, strengthen economic resilience and accelerate the country’s transition towards a competitive, inclusive and climate-responsive economy,” the statement quoted the minister as saying.
The conference, held on June 29 and 30, was jointly organised by the Government of Germany, the United Nations Development Programme, the Michael Otto Foundation and other global partners.
It brought together heads of government, ministers, development finance institutions, multilateral organisations, private sector leaders and academics to promote international cooperation, mobilise investment and advance innovative financing for sustainable development and climate action.
On the sidelines of the conference, Bagudu met with the Chief Executive Officer of the German-African Business Association, Ms. Claudia Voss, who introduced him to the senior management of ODDO BHF.
Discussions focused on opportunities for collaboration in sustainable forestry, carbon credit financing, climate finance, environmental restoration and green investments. Representatives of ODDO BHF reportedly commended the Federal Government’s economic reforms, saying recent policy measures had significantly improved Nigeria’s investment outlook and strengthened international investor confidence.
Bagudu said Nigeria’s abundant natural resources, expanding carbon market opportunities and commitment to sustainable land management offer strong prospects for mutually beneficial partnerships capable of delivering environmental, social and economic benefits.
In a separate engagement, the minister met with the H2Global Foundation to discuss Nigeria’s potential in green hydrogen production.
The meeting focused on the country’s renewable energy resources, natural gas reserves and opportunities for green industrialisation. It concluded with the signing of a Memorandum of Understanding between the Ministry of Budget and Economic Planning and the H2Global Foundation to establish a framework for cooperation in developing Nigeria’s hydrogen economy.