President Bola Tinubu has called on foreign investors to take advantage of Nigeria’s ongoing reforms and business opportunities. The President assured investors at a meeting in Paris that the country is committed to sustaining its reforms, which include the removal of fuel subsidy and the unification of exchange rates, to create a more competitive economy that attracts Foreign Direct Investment (FDI).
“We are ready for business, prepared to welcome investments,’’ Tinubu said.
The President held separate meetings with the President and Chairman of the Board of Directors of the African Export-Import Bank (Afrexim), Prof. Benedict Oramah, and the President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud–Basso, on the sidelines of the Summit for New Global Financing Pact in Paris.
Dele Alake, the President’s Special Adviser on Special Duties, Communication and Strategy, said in a statement that Tinubu assured the delegation of Afreximbank Executives that the Federal Government will continue to stimulate the economy with policies that support investments in areas of Nigeria’s competitive advantage, particularly agriculture.
“We need reforms for national survival,” Tinubu said. “We must stimulate recovery for the growth and prosperity of our people, which will not be far away. Nigeria is ready for global business and our reform is total.”
The President also noted his enthusiasm for collaboration in solidifying the economy, adding that Nigeria is blessed with abundant resources.
“Nigeria is ready for business, prepared to welcome investment,” he said, and added that it will take boldness and courage to reposition the economy.
The President of AfreximBank commended Tinubu on his steps towards removing the fuel subsidy and unifying the exchange rate and pledged the full support of the financial and development institution on the ongoing reforms. Areas of intervention to buoy the economy include infrastructure, health, energy, and agriculture.
