President Bola Tinubu claimed that his administration has removed barriers hindering businesses in Nigeria. He conveyed this message while addressing international investors in Berlin, Germany, on Monday, as revealed in a statement by Ajuri Ngelale, the Special Adviser to the President on Media & Publicity.
Tinubu emphasized to the international investors that Nigeria’s greatest asset in the global race for new investments lies not only in its natural resources but also in its highly educated, skilled, and inherently industrious populace. He highlighted that fostering the rule of law is pivotal for drawing foreign investments, but Nigeria’s energetic youth population and well-educated citizens present the most significant incentive for investors, akin to what propelled China’s economic resurgence.
He expressed Nigeria’s commitment to natural gas development alongside hydrogen production for the future, leveraging the country’s reputation as an energy sector leader. Tinubu underscored Nigeria’s appeal as an investment destination, citing its abundant gas reserves and favorable business environment.
Moreover, Tinubu outlined ongoing efforts to institute fiscal responsibility and tax reforms, streamlining financial institutions to swiftly accommodate foreign investments.
He extended an enthusiastic invitation to partner with international investors, emphasizing Nigeria’s strengths: the continent’s youngest, largest, and most dynamic youth population, coupled with essential components for a modern economy—well-educated citizens, a substantial market, and the political determination to unify these elements under his leadership.
Tinubu highlighted Nigeria’s consolidated democracy, marked by successive peaceful transitions of power, which engender stability and predictability in the country’s socio-political development, fostering a conducive environment for business operations and investments.
Since assuming office in May 2023, Tinubu asserted a commitment to transformative changes, eliminating barriers obstructing businesses while championing economic reforms founded on the principles of good governance.