In a bid to reassure multinational companies operating in Nigeria, President Bola Ahmed Tinubu has called for their continued presence in the country, pledging his administration’s commitment to removing obstacles hindering the smooth running of their businesses. During a meeting with a delegation from the Shell Group, led by Global Integrated Gas and Upstream Director Ms. Zoe Yujnovich, President Tinubu emphasized the government’s determination to make Nigeria a safe haven for large-scale investments.
“We are very focused on resolving all investment-related issues. There is no bottleneck that is too difficult for us to remove in our determined march toward making Nigeria the African haven for large-scale investment in all key sectors,” President Tinubu stated.
Expressing confidence in the potential for increased investment from the Shell Petroleum Development Company of Nigeria, President Tinubu highlighted the longstanding ties between Nigeria and Shell, dating back to the discovery of the country’s first commercial oil field in 1956. He assured the Shell delegation of his administration’s unwavering commitment to securing and fostering both existing and new investments.
“We have made progress since our last meeting. I will continue to support and encourage you on this path. In view of our long-term relationship that has been established over the years, we want you to do more, and we are ready to encourage you in every way possible,” President Tinubu affirmed.
The president’s plea comes amid a backdrop of several multinational companies, including P&G and GSK, reportedly exiting the Nigerian market. President Tinubu’s proactive stance aims to address concerns and showcase the government’s dedication to creating a conducive environment for businesses, signaling a determined effort to retain and attract foreign investments in Nigeria.