President Bola Tinubu has affirmed his dedication to fostering a more conducive business environment in Nigeria, assuring investors of ongoing economic reforms that will ease operational challenges. to Boost Nigerian Investment Landscape
This assurance was delivered during a meeting with Mr. Ade Adeola, the Managing Director of Energy and Natural Resources in Europe, Africa, and the Middle East for Standard Chartered Bank, held at the State House.
Highlighting the importance of these reforms, President Tinubu emphasized their focus on enhancing efficiency in business startup processes, administrative procedures, taxation reviews, and security enhancement.
He stated, “We are committed to strengthening partnership, encouraging efficiency, and creating a suitable environment for investors.” The President further underscored his administration’s efforts to bolster security and create a favourable growth-oriented atmosphere, assuring that tax reforms are aligned with global best practices to support business prosperity.
Standard Chartered Bank Reacts
Mr. Ade Adeola, representing Standard Chartered Bank, reaffirmed the bank’s commitment to facilitating investments in Nigeria, particularly in energy and natural resources.
He expressed excitement about President Tinubu’s leadership and the bank’s dedication to Nigeria’s progress. The bank’s significant support, with annual investments of two to three billion US dollars, reflects its belief in the potential of the nation’s economic growth.
Moving Forward:
As President Tinubu’s administration propels forward with business-friendly reforms, industry players and investors are keenly observing the unfolding changes.
The commitment to enhancing efficiency, addressing security concerns, and fostering a more favourable investment climate bodes well for Nigeria’s economic landscape.
These initiatives hold the promise of attracting both local and foreign investments, potentially contributing to sustained economic growth and prosperity.”
