The Lagos State Chapter of the All Progressives Congress (APC) has described recent comments attributed to global technology entrepreneur and investor, Elon Musk, on Nigeria’s economic prospects as a sober and objective assessment that contrasts with what it termed persistent pessimism from opposition quarters.
In a statement issued by Mogaji (Hon.) Seye Oladejo, Lagos APC Spokesman, the party noted that Mr. Musk’s perspective—shaped by global investment trends, data analysis, and long-term market fundamentals—underscores Nigeria’s enduring economic potential and strategic relevance in key sectors such as technology, energy transition, digital innovation, and human capital development.
The APC stated that while opposition figures continue to project narratives of decline and hopelessness for political purposes, credible international voices increasingly acknowledge the structural strengths of the Nigerian economy. These, the party said, include a large and dynamic consumer market, a youthful and tech-savvy population, and ongoing macroeconomic reforms aimed at improving transparency and competitiveness.
According to the party, the economic reforms being implemented by President Bola Ahmed Tinubu, though challenging, are designed to reposition Nigeria for sustainable growth. It added that such reforms are closely monitored by serious global investors and innovators, who prioritize policy direction and long-term stability over partisan rhetoric.
The Lagos APC further observed that international investors tend to engage with facts and fundamentals, noting that Mr. Musk’s comments serve as an external validation of Nigeria’s current reform trajectory. The party argued that progress is often more evident to objective external observers than to domestic critics focused on short-term political gains.
The statement urged Nigerians, particularly members of the business community and the youth, to remain confident and not be swayed by what it described as manufactured pessimism. It maintained that Nigeria is undergoing a necessary economic transition and that countries which stay the course with responsible reforms historically emerge stronger.
“Nigeria remains open for business. The reform process is ongoing, and the future remains promising,” the party concluded.
