Empty Promises, No Gains – CUPP Accuses Tinubu OF Jet-Setting Without Impact

The Coalition of United Political Parties (CUPP) has criticized President Bola Tinubu’s frequent foreign trips, arguing that they have produced little to no tangible economic benefits since he assumed office in 2023.....KINDLY READ THE FULL STORY HERE▶

According to reports, President Tinubu recently embarked on a two-week working visit to France, adding to a growing list of international engagements. In a statement released on Sunday, CUPP’s National Secretary, Peter Ameh, expressed concern that these overseas visits have yet to yield meaningful investments for the country.

Ameh stated that despite lofty promises, the economic realities facing Nigerians daily expose the trips as high-stakes gambles with minimal returns.

“The President must begin to prioritize urgent domestic issues that deter investment—such as insecurity, inadequate infrastructure, and economic instability—rather than chasing foreign validation,” the statement read.

Ameh highlighted that, since taking office, President Tinubu has traveled extensively in pursuit of foreign direct investment (FDI), presenting these trips as crucial for economic revival. However, he argued, the outcomes have fallen far short of expectations.

“While the government claims to have secured over $50 billion in investment commitments, only a small fraction—like the $6.2 billion linked to Olam Agric and Shell’s North Bonga project—has actually materialized.”

The CUPP emphasized that the administration’s lavish spending on travel—reportedly over ₦36 billion in 2024 alone—has not translated into results. Promised deals, including a $2.5 billion investment from Brazil’s JBS and $14 billion from India, remain vague and unfulfilled.

Ameh pointed out that the country’s persistent challenges—rampant insecurity, unreliable electricity, and a volatile naira—continue to drive investors away. The gap between rhetoric and reality, he added, is “stark and deeply troubling.”

“In Q2 2024, Nigeria recorded only $29.83 million in FDI, the lowest in more than a decade. That figure is a damning reflection of the government’s failed strategy. Meanwhile, over 33 million Nigerians face food insecurity, and the cost of living continues to skyrocket.”

The CUPP accused the Tinubu administration of placing prestige over progress, with trips that generate headlines but fail to bring relief to the average Nigerian.

“Until the President addresses the structural and economic barriers within the country, these international visits will continue to be perceived as extravagant distractions rather than strategic investments.”

The group concluded by urging President Tinubu to refocus attention on Nigeria’s internal challenges, arguing that only by creating a stable, secure, and investor-friendly environment can the country attract real investment and achieve meaningful development.