President BOLA TINUBU says Africa is a fertile ground for investment and as such international development financiers should consider more strategic investments in agriculture, infrastructure, research, and development on the continent.

He said this when he received a delegation from the International Finance Corporation (IFC), a member of the World Bank Group, at the Presidential Villa in Abuja.

Acknowledging that Nigeria holds the second-largest IFC portfolio in Africa with an active investment portfolio of 2.1 billion dollars as of April 2024, President TINUBU emphasized that the expectations of the rest of the world on Africa must change.

In his remarks, IFC’s Managing Director, MAKHTAR DIOP told the President that the IFC had engaged in productive discussions with Nigerian partners to enhance agriculture, increase food production through irrigation farming, upgrade transport networks, and strengthen regional integration.

He pledged IFC’s commitment to long-term investment in Nigeria, adding that its single largest investment in Africa is in Nigeria, where it has invested 1.2 billion dollars in the fertilizer industry.