We’ll Remove All Bottlenecks To Ease Business Operations – Tinubu

Investors have been reassured by President Bola Ahmed Tinubu that his ongoing economic repositioning will advance as he intensifies the removal of all barriers to effective business startup and administration in Nigeria, with a focus on service efficiency, tax reviews, and enhanced security.

At the State House in Abuja on Wednesday, he offered the assurance to Mr. Ade Adeola, Managing Director of Energy and Natural Resources for Standard Chartered Bank in Europe, Africa, and the Middle East.

The president said his administration was already working hard on making a difference in attracting investments.

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“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 undertaken with a close observance of best practices across the globe, which will favor businesses for the collective prosperity of the nation.
“We are open for business. We believe in partnership, and we will work with all those interested in the progress of Nigeria,” he noted.

In his remarks, Adeola said the bank had been committed to enabling investments in Nigeria for many years while focusing on energy and natural resources with a huge portfolio in funding for the oil and gas industry.
“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.

 

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