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President Bola Tinubu has reassured investors of his dedication to revitalising the nation’s economy by intensifying the removal of all bottlenecks obstructing efficient business establishment and management in Nigeria.
Tinubu made this commitment during a meeting with Ade Adeola, Managing Director of Energy and Natural Resources in Europe and Africa, held at the State House in Abuja on Wednesday.
The president said his administration is already working hard to make a difference in attracting investments and is committed to strengthening partnerships, encouraging efficiency, and creating a suitable environment for investors.
Tinubu stated that he is working hard on security, will improve efficiency across the board for good input and output, and will build an amicable environment for growth and investments.
“We are committed to strengthening partnerships, encouraging efficiency, and creating a suitable environment for investors,” Tinubu said in a statement by his spokesman, Ajuri Ngelale.
“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 also noted that tax reforms are being undertaken with close observance of best practices across the globe, which will favour businesses for the nation’s collective prosperity.
“We are open for business. We believe in partnership, and we will work with all those interested in the progress of Nigeria,” Tinubu stated.
Adeola, who is also the Managing Director of the Middle East for Standard Chartered Bank, said in his address, that the bank had been committed to enabling investments in Nigeria for many years while focusing on energy and natural resources, with a massive portfolio of funding for the oil and gas industry.
“We are very excited about your leadership, and we want to restate our commitment to the growth of Nigeria,” Adeola said.
He also noted that the bank supported investments of about $2 to $3 billion U.S. dollars annually.
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