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Saturday, December 9, 2023

My administration creating investment friendly environment- Tinubu

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President Bola Tinubu assured investors on Wednesday that his ongoing repositioning of the economy will receive a boost as he intensifies the removal of all bottlenecks in the way of efficient business startup and administration in Nigeria, with a particular emphasis on efficiency in service, tax reviews, and improved security.

Receiving Ade Adeola, Managing Director of Energy and Natural Resources in Europe, Africa, and the Middle East for Standard Chartered Bank, President Tinubu said his administration was already working hard on making a difference in attracting investments.

“We are committed to strengthening partnerships, encouraging efficiency, and creating a suitable environment for investors. We are already working hard on security. We will improve efficiency across the board for good input and output, and we will build a very friendly environment for growth and investments,’’ he said.

The President told the delegation that tax reforms are being undertaken with close observance of best practices across the globe, which will favor businesses for the collective prosperity of the nation.

“We are open for business. We believe in partnership, and we will work with all those interested in the progress of Nigeria,’’ he noted.

In his remarks, Adeola said the bank had been committed to enabling investments in Nigeria for many years while focusing on energy and natural resources, with a huge portfolio of funding for the oil and gas industry.

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