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President Bola Tinubu has assured the business community of his administration’s commitment to policy consistency and better business climate to attract investment.
The President, according to a release issued by his Special Adviser on Special Duties, Communications and Strategy, Mr Dele Alake,
gave the assurance 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, Abuja.
President Tinubu reiterated that Nigeria is ready for business, assuring the Shell management and other investors of his administration’s willingness to maintain an open-door policy and address their concerns.
“We are open for business. We are serious. I give you the assurance of consistency in policy,” he stated.
The President welcomed the SPDC’s offer for more investments in the Nigerian oil and gas sector, adding that such investments are needed now more than ever, to enable Government meet its obligations.
He recalled that attracting fresh investment was “a promise I made personally to Nigerians. Whatever it takes, I will fulfill that promise to Nigerians.”
President Tinubu also assured that his government was removing all forms of bottlenecks in order to ensure Nigeria becomes an attractive investment destination.
Earlier in her address, Ms 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 her, SPDC was 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 said Nigeria remains a strategic investment country for the company in view of the long history between the two entities and the prospects held by the country’s oil and gas sector.
Deji Elumoye in Abuja
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