- Tinubu assures intensified effort for efficient business startup, tax reforms, and improved security to attract investments in Nigeria
- Standard Chartered Bank’s Ade Adeola expresses commitment to Nigeria’s growth, with annual support of $2 to $3 billion investments
President Bola Ahmed Tinubu has assured investors that his ongoing economic repositioning will be bolstered as he conducts an intensified removal of all bottlenecks in the way of efficient business startup and administration in Nigeria, with a particular emphasis on efficiency in service, tax reviews, and improved security.
He gave the assurance on Wednesday while receiving Mr Ade Adeola, Managing Director of Energy and Natural Resources for Standard Chartered Bank in Europe, Africa, and the Middle East, at the State House in Abuja.
According to the president, his administration is already working hard to make a difference in attracting investments.
We are committed to strengthening partnership, encouraging efficiency, and creating a suitable environment for investors. We are already working hard on security. We will improve efficiency across the board for good input and output, and we will build a very friendly environment for growth and investments, he said in a statement by his spokesman, Ajuri Ngelale.
President Tinubu told the delegation that tax reforms are being implemented by global best practices to benefit businesses and the nation’s collective prosperity.
We are open for business. We believe in partnership, and we will work with all those interested in the progress of Nigeria, he noted.
Adeola stated in his remarks that the bank has been committed to enabling investments in Nigeria for many years, with a large portfolio of oil and gas industry funding.
We are very excited about your leadership, and we want to restate our commitment to the growth of Nigeria, he said.
Adeola told the president that the bank supported investments of about $2 to $3 billion U.S. dollars annually.