OPINION BY ETIM ETIM: MBuhari’s toothache and Tinubu’s search for investors | TheCable
have saved him some embarrassment, he would opt for the truth. Last week, the president told a bewildered nation that he was staying back in London after attending the coronation of King Charles 111 to see his dentist.
In a press statement, the president-elect’s media officials said that he was travelling out because he wanted to get away from distractions and pressures at home, and while in Europe, he would also be looking for investors and prepare for his inauguration. However, the statement did not mention the European country he was visiting. From comments in the media, many believe that the man has only gone back to see his doctors for a follow-up treatment.
There will also be pressures from those seeking appointments and favours, in addition to piles of files from ministries and departments demanding his attention. The national assembly, with a large membership from the other parties, will present its peculiar demands. The president’s office is a pressure cooker of a kind. Will Tinubu be running to Europe to take a rest and escape from these pressures? His excuse therefore beggars belief.
Between 2014 and 2018, 16 percent of FDIs into Africa originated from China, while the USA in only 8% each. China is also the largest creditor to African governments, accounting for 14% of sub-Saharan Africa’s total debt stock, according to Foresight Africa 2018. There has also been a jump in private investments from China. A 2017 McKinsey study reports that there are more than 10,000 Chinese-owned firms operating in Africa. My advice? Look East, Mr president-elect.
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