President Bola Tinubu has told international investors from the G20 nations that their monies are safe in Nigeria’s business environment.
In a statement he signed yesterday, the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, notes that President Tinubu, speaking at the summit, said that since he assumed office in May 2023, his administration has embarked on transformative changes, removing all obstacles hindering businesses.
The president added that while promoting the rule of law is crucial for attracting foreign investments, Nigeria’s energetic youth population and well-educated populace represent the most significant incentive for investors toward the mutually beneficial replication of China’s economic resurgence.
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President Tinubu also added that the Federal Government is dogged in its pursuit of natural gas development today, in tandem with hydrogen production for tomorrow. This also means sweeping tax reforms, which he said are underway.
He also apprised the summit of Nigeria’s intentional move toward developing labour-intensive sectors of her economy for massive job creation, and a new emphasis on technological progress and new opportunities in Nigeria’s rapidly expanding information and communications technology space.
The President assured potential investors that Nigeria has moved beyond restrictive policies, and today, capital can be moved in and out of the country freely, providing flexibility for investors.