Tinubu again assures investors of policy consistency, says Nigeria is serious and open for business President Bola Ahmed Tinubu has again t...
Tinubu again assures investors of policy consistency, says Nigeria is serious and open for business
President Bola Ahmed Tinubu has again told the world's business leaders that his government is committed to having consistent policies and a better environment for investing.
The President also said he would improve the business environment to bring in more funding.
He said this on Monday, July 3, 2023, when he met with a group from Shell Petroleum Development Company, SPDC, led by Ms. Zoe Yujnovic, the Global Upstream Director, at the Presidential Villa in Abuja.
President Tinubu was happy to hear that the SPDC wanted to spend more in Nigeria's oil and gas industry. He also said that such investments are needed more than ever to help the government meet its obligations.
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The President remembered that bringing in new investments was "a promise I made to Nigerians." No matter what it takes, I will keep my promise to the people of Nigeria."
He said again that Nigeria is ready to do business and reassured the Shell management and other investors that his government would keep its doors open and listen to their worries.
Tinubu said, "We are open for business," according to a statement from Dele Alake, Special Adviser to the President on Special Duties, Communication, and Strategy. We mean business. I promise that policy will stay the same," he said.
The President also said that his government was getting rid of all kinds of problems so that Nigeria could become an attractive place to trade.
When Ms. Yujnock talked to the President earlier, she praised what she called the "incredibly strong start" of the Tinubu presidency. She also said that she was hopeful that the "bold" steps taken by the government would restore Nigeria's reputation as a place where people want to invest.
Yujnock said that SPDC was ready to spend billions of dollars more in the country, especially in gas and deep-water assets.
She said that Nigeria is still a good place for the company to spend because of how long they have worked together and how promising the oil and gas industry is there.
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