Were I in President Tinubu's shoes,. I would target specific countries with investment in particular industries as part of an ambitious plan to attract about $100bn in foreign direct investment to Nigeria in 2024

Ayo Akinfe

[1] Nigeria needs to attract at least $50bn in foreign direct investment (FDI) in 2024 to avoid total economic collapse

[2] Where on earth we are going to get it from I do not know and I am surprised that nobody is even talking about it at the moment

[3] Waiting for investors to just come to Nigeria is utopian thinking

[4] We should be the ones aggressively pursuing investors, using our control of the Ecowas market as a unique selling point

[5] Nigeria can provide access to the West African sub-region’s markets to any investor

[6] I look forward to the day when we will have a Monroe Doctrine in place that compels all investors to consult Nigeria whenever they venture into West Africa

[7] Nigeria's message to the rest of the world in 2024 should be very simple - Invest in Nigeria and we will grant you access to the 350m Ecowas market

[8] If we could attract just $10bn worth of investment from several key origins just, imagine how many jobs it would create. I do not believe that asking say Nissan, Toyota, Mitsubishi, Honda, Suzuki and Mazda to float a Nigerian joint venture is asking a lot. What is $10bn investment to these companies together?

[9] Opening say a gearbox manufacturing plant in Nnewi a chassis facility in Nsukka and then maybe an assembly plant in Port Harcourt to churn out a unique Nigerian four-by-four vehicle would guarantee them bumper sales

[10] Plants manufacturing other components could be opened up across the rest of West Africa in cities like Accra, Abidjan, Dakar, Monrovia, Conakry and Banjul

Here are certain key sectors I think President Tinubu should target for investment come 2024:

[1] Scandinavia - Railway construction
[2] Russia - Steel production
[3] Germany - Electricity generation and distribution
[4] Japan - Automobile manufacturing
[5] Australia - Solid mineral processing
[6] Canada - Livestock processing and animal feed compounding
[7] US - Food processing
[8] India - Pharmaceutical manufacturing
[9] China - Machine tool manufacturing
[10] Europe’s Low Countries - Household goods manufacturing