…By Lola Smith for TDPel Media.
President Tinubu Assures Business Community of Policy Consistency and Improved Business Climate
President Bola Ahmed Tinubu has reaffirmed his government’s commitment to policy consistency and creating a favorable business environment to attract investment.
This assurance was conveyed during a meeting with a delegation from the Shell Petroleum Development Company (SPDC), led by Ms Zoe Yujnovic, the Global Upstream Director, at the State House in Abuja.
President Tinubu expressed his appreciation for SPDC’s offer to increase investments in Nigeria’s oil and gas sector, emphasizing the crucial role of such investments in enabling the government to meet its obligations.
He recalled his personal promise to Nigerians to attract fresh investments and assured that he would fulfill that promise.
The President further assured the Shell management and other investors of his administration’s open-door policy and commitment to addressing their concerns.
Emphasizing Nigeria’s readiness for business, President Tinubu assured the delegation of policy consistency and expressed the government’s determination to remove any obstacles that may hinder Nigeria from becoming an attractive investment destination.
He stated, “We are open for business.
We are serious.
I give you the assurance of consistency in policy.”
Ms Yujnovic, in her remarks, commended the Tinubu presidency for its strong start and expressed optimism that the government’s bold steps would restore Nigeria’s position as a prime investment destination.
She highlighted SPDC’s willingness to increase investment in the country, particularly in the areas of gas and deep-water assets, with billions of dollars planned for allocation.
Recognizing the long-standing relationship between SPDC and Nigeria, Yujnovic reiterated that Nigeria remained a strategic investment country for the company.
She acknowledged the prospects held by Nigeria’s oil and gas sector and expressed confidence in the future of the partnership.
President Tinubu’s engagement with the SPDC delegation reinforces the government’s commitment to attracting investments and improving the business climate in Nigeria.
The President’s assurance of policy consistency and his openness to addressing concerns reflect the government’s efforts to create an enabling environment for business growth and economic development.