Tinubu Assures Investors Of Policy Consistency, Restates Nigeria’s Readiness For Business

Posted by Rotimi Fadeyi Business News, Latest Headlines Monday, July 3rd, 2023

….. Shell Director Hails Tinubu’s Strong Start, Positive Reforms

(AFRICAN EXAMINER) – President Bola Tinubu has assured the business community of his government’s commitment to policy consistency and better business climate to attract investment.

A statement issued on Monday and signed by Special Adviser to the President on Special Duties, Communications and Strategy, Mr. Dele Alake, said the President spoke on Monday while receiving the delegation of the Shell Petroleum Development Company (SPDC) led by the Global Upstream Director, Ms Zoe Yujnovic at the Presidential Villa.

Tinubu welcomed the SPDC’s offer for more investments in the Nigerian oil and gas sector, adding that such investments are needed now more than ever, to enable government meet its obligations.

The President recalled that attracting fresh investment was “a promise I made personally to Nigerians. Whatever it takes, I will fulfill that promise to Nigerians.”

Tinubu reiterated that Nigeria was ready for business, assuring the Shell management and other investors of his administration’s willingness to maintain an open-door policy and address their concerns.

“We are open for business. We are serious. I give you the assurance of consistency in policy,” he said.

The President also assured that his government was removing all forms of bottlenecks in order to ensure Nigeria becomes an attractive investment destination.

Addressing the President earlier, Yujnock applauded what she described as “incredibly strong start” of the Tinubu presidency and expressed optimism that the “bold” steps taken by the government would renew Nigeria’s pride of place as an investment destination.

Yujnock said SPDC was willing to ramp up investment in the country especially in the areas of gas and deep-water assets by pumping in billions of dollars.

She said Nigeria remains a strategic investment country for the company in view of the long history between the two entities and the prospects held by the county’s oil and gas sector.