Global Infrastructure Partners (GIP) is set to deepen its investments in Nigeria, with chairman Bayo Ogunlesi describing the country as an “exciting place to invest in,” following a private meeting with President Bola Tinubu.
Speaking to state house journalists after the closed-door discussion, Ogunlesi revealed that his company is exploring new opportunities across sectors where it already has a footprint, though he did not disclose specific projects.
“We’re making investments in Nigeria. We explored additional opportunities… Just wait, watch this space, you will see them,” Ogunlesi said.
He praised Nigeria’s transformative reforms over the past two years, including subsidy removal, tax reform, operational refineries exporting aviation fuel, and unification of road ownership systems, emphasizing the nation’s growing appeal to international investors.
Ogunlesi highlighted GIP’s current investments in global LNG projects and noted Nigeria’s vast gas potential. He also expressed interest in Nigeria’s aviation sector, teasing potential future involvement.
Acknowledging that GIP operates ports in neighboring countries Cotonou and Lomé but not yet in Nigeria, Ogunlesi humorously sought President Tinubu’s forgiveness, which the president graciously granted with a clear directive to bring port investments home.
He further disclosed plans to invest in Nigeria’s renewable energy sector, signaling a broad and strategic approach to infrastructure investment in the country.
“Lots of investment opportunities in Nigeria. You just have to be serious about making the right moves,” Ogunlesi remarked.
Support from Nigerian Business Leaders
Joining Ogunlesi, Hakeem Belo-Osagie, chairman of Metis Capital, commended President Tinubu’s policies for making Nigeria “investable.” He stressed that investments by Nigerians at home and abroad send a powerful message to global investors.
“We thank President Tinubu for his policies. They have made Nigeria investable,” Belo-Osagie said.
“We will do our very best, and it will create a fast-growing Nigeria which will achieve its objectives.”
What This Means for Nigeria’s Economy
With top global infrastructure firms like GIP signaling increased confidence and commitment, Nigeria’s ongoing reforms and investment climate improvements are attracting significant attention. This could catalyze growth across critical sectors, boosting jobs, energy security, and economic diversification.
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