HomeBusiness“Nigeria is serious with business, our Policy is Consistent”: Tinubu Assures Investors

“Nigeria is serious with business, our Policy is Consistent”: Tinubu Assures Investors

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President Bola Tinubu, on Monday, assured investors that his administration is open and serious for business and will maintain thickness in policy

“Nigeria is serious with business, our Policy is Consistent”: Tinubu Assures Investors, investing, business, money, nigeria

The President also promised to give a better business climate to attract investment.

He gave the assurance while entering the delegation of the Shell Petroleum Development Company, SPDC, led by the Global Upstream Director, Ms Zoe Yujnovic at the Presidential Villa, Abuja.

President Tinubu ate the SPDC’s offer for further investments in the Nigerian oil painting and gas sector, adding that similar investments are demanded now further than ever, to enable the Government to meet its scores.

The President recalled that attracting fresh investment was “ a pledge I made tête-à-tête to Nigerians. Whatever it takes, I’ll fulfill that pledge to Nigerians. ”

He reiterated that Nigeria is ready for business, assuring the Shell operation and other investors of his administration’s amenability to maintain an open-door policy and address their enterprises.

President Bola Tinubu on Policy Consistency

A statement issued by Dele Alake, Special Adviser to the President on Special Duties, Communication, and Strategy quoted Tinubu as saying, “ We’re open for business. We’re serious. I give you the assurance of thickness in policy, ” he said.

The President also assured that his government was removing all forms of backups in order to ensure Nigeria becomes a one-stop investment destination.

Nigeria President Bola Tinubu has declared that ongoing reforms, starting with junking of energy subvention and streamlining of the exchange rate, will be sustained for a more competitive frugality that attracts Foreign Direct Investment( FDI) into the country.

He has, thus prompted foreign investors to take advantage of openings in Nigeria.

We are Ready for Business

Speaking Thursday in Paris, France while entering President and Chairman of the Board of Directors of African Export-Import Bank( Afrexim), Prof. Benedict Oramah and President of European Bank for Reconstruction and Development( EBRD), Odile Renaud – Basso, in separate meetings, on the sidelines of the Summit for New Global Financing Pact, the President said

“ We’re ready for business, prepared to incorporate investments ”.

The President, according to a release issued by his Special Adviser on Special Duties, Dispatches, and Strategy, Mr. Dele Alake, assured the delegation of AfreximBank Executives led by Dr. Oramah that the Federal Government will continue to stimulate the frugality with programs that support investments in areas of Nigeria’s competitive advantage, particularly husbandry.

“ We need reforms for public survival, ’’ he added, noting that it would take boldness and courage to budge the frugality, calling for further collaboration to solidify the frugality.

“ We must stimulate recovery for the growth and substance of our people, which won’t be far down. Nigeria is ready for global business and our reform is total.

“ Nigeria is blessed with mortal and material coffers, ’’ President Tinubu told the delegation, who had before listed areas of interventions to float the frugality, like structure, health, energy, and husbandry.

Delegation Views

Before, the President of AfreximBank confided President Tinubu for the bold way in removing the energy subvention and junction of the exchange rate, assuring the Nigerian leader of the full support of the fiscal and development institution on the ongoing reforms.

Oramah said the bank was formerly erecting the first African Specialist Sanitarium in Abuja, and Energy Bank, pledging to fit further finance into the frugality to further make confidence of investors.

Also speaking in a separate meeting with the EBRD, the President said “ We’re challenged in terms of reforms, and we’ve taken the largest giant out of the room with junking of energy subvention, and multiple exchange rates are inversely gone. We’re determined to open up the frugality for business. Consider us a stakeholder in the Bank. ’’

He told the EBRD master that Nigeria’s frugality was too large and potent to be ignored, adding, “Ignoring Nigeria will be a pitfall to the macrocosm. ’’

On his part, Renaud- Basso said it would be a mistake for the development bank not to invest in Nigeria, after considering six implicit husbandry for investment.

She explained that the focus would be on the private sector, especially Small and Medium Scale Enterprises( SMEs).

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