President Bola Ahmed Tinubu expressed his commitment to bolstering the Nigerian economy by removing obstacles that hinder efficient business startup and administration.
In 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, President Tinubu outlined his strategy to attract investments and promote a conducive business environment.
During the meeting held in Abuja, President Tinubu emphasized the significance of improving efficiency, tax reforms, and enhanced security measures to stimulate economic growth and encourage investors. He assured the delegation that his administration was devoted to creating a favorable climate for investments and partnership.
President Tinubu stated, “We are committed to strengthening partnership, 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.”
The President highlighted ongoing tax reforms that adhere to global best practices, ensuring that businesses receive favorable conditions to contribute to the nation’s collective prosperity. He emphasized that Nigeria is open for business and stands ready to collaborate with stakeholders interested in advancing the nation’s progress.
In response, Ade Adeola, representing Standard Chartered Bank, expressed enthusiasm for President Tinubu’s leadership and reiterated the bank’s commitment to Nigeria’s growth. Adeola noted the bank’s sustained support for investments in the country, particularly in energy and natural resources, with a significant portfolio focused on funding for the oil and gas sector.
Ade Adeola stated, “We are very excited about your leadership, and we want to restate our commitment to the growth of Nigeria.” He also highlighted the bank’s substantial contribution, with annual investments ranging from $2 to $3 billion USD.
President Tinubu’s proactive engagement with investors underscores his dedication to driving economic progress, attracting investments, and fostering a conducive business landscape to advance Nigeria’s prosperity.