President Bola Ahmed Tinubu has once again assured the business community of the Federal Government’s commitment to policy consistency and a better business climate to attract investment in Nigeria.
The President gave this assurance on Monday while receiving the delegation of the Shell Petroleum Development Company (SPDC) led by the Global Upstream Director, Ms Zoe Yujnovic at the State House in Abuja.
Tinubu during his speech welcomed the SPDC’s offer for more investments in the Nigerian oil and gas sector.
He added that such investments are needed now more than ever in the country so as to enable the government to meet its obligations.
The President recalled that attracting fresh investment was a promise he made personally to Nigerians.
Tinubu also told the Shell delegation that whatever it takes, he will ensure that he fulfills that promise to Nigerians.
“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.
According to Yujnock, the SPDC is 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 also said that Nigeria remains a strategic investment country for SPDC in view of the long history between the two entities and the prospects held by the county’s oil and gas sector.
