President Bola Tinubu has reassured investors that his ongoing efforts to reposition Nigeria’s economy will receive a significant boost as he intensifies measures to remove all obstacles hindering efficient business startup and administration in the country. With a focus on improving service quality, tax reviews, and enhancing security, President Tinubu aims to create an environment that is conducive to business growth and investment.
During a meeting with Mr. Ade Adeola, the Managing Director of Energy and Natural Resources in Europe, Africa, and the Middle East for Standard Chartered Bank, on Wednesday, President Tinubu emphasized his administration’s commitment to attracting investments and strengthening partnerships. He underscored the importance of efficiency in all aspects of the economy and highlighted the government’s efforts to improve security.
“We are committed to strengthening partnerships, encouraging efficiency, and creating a suitable environment for investors. We are already working hard on security,” President Tinubu stated, acknowledging the significance of building a friendly and conducive environment for growth and investment.
The President also conveyed that tax reforms are being implemented, taking into account best practices from around the world. These reforms are designed to support businesses and contribute to 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,” President Tinubu added, reaffirming the government’s commitment to fostering a favorable investment climate.
Adeola, in his remarks, expressed the bank’s longstanding commitment to enabling investments in Nigeria, particularly within the energy and natural resources sector. He commended President Tinubu’s leadership and restated the bank’s dedication to Nigeria’s growth.
“We are very excited about your leadership, and we want to restate our commitment to the growth of Nigeria,” Adeola said.
Highlighting the bank’s significant financial support for Nigeria, Adeola shared that Standard Chartered Bank annually facilitates investments ranging from $2 to $3 billion U.S. dollars in the country.
President Tinubu’s proactive approach and commitment to removing impediments to business operations will not only stimulate economic growth but also foster an environment that attracts both domestic and foreign investments. By prioritizing efficiency, security, and tax reforms, Nigeria will enhance its ease of doing business and create opportunities for sustainable development.
