In a display of confidence and pride, President Bola Tinubu asserted his accomplishments as the former governor of Lagos State during the signing of significant deals totaling over $500 million by Nigerian companies.
The notable agreements were inked at the 10th German-Nigerian Business Forum held in Berlin.
Reflecting on his tenure as the governor of Lagos, Tinubu declared, “I governed Lagos for eight consecutive years. Today, I can proudly beat my chest that Lagos State is on the horizon and the fifth-largest economy in Africa, rising from ground zero. This is the track record that led me to the presidency.”
The President, drawing on his experience in the private sector, particularly his role as treasurer in Exxon Mobil and training at Deloitte, addressed concerns raised by German investors about obstacles to doing business in Nigeria. He assured them that challenges were actively being addressed by his administration.
“For those who fear various obstacles; look at me—I come from the private sector, trained by Deloitte. I served as the treasurer in Exxon Mobil. Define corporate governance in any way, and I am in it,” Tinubu emphasized, seeking to instill confidence in potential investors.
The remarks from President Tinubu followed the signing of two crucial agreements between Nigerian and German companies. The first agreement involves Riverside LNG of Nigeria and Johannes Schuetze Energy Import AG of Germany, focusing on the supply of gas from Nigeria to Germany. The second agreement, between Union Bank of Nigeria and DWS Group, outlines a substantial $500 million investment in renewable energy projects in Nigeria.
The signing of these agreements marks a significant step toward fostering economic ties and collaboration between the two nations. As President Tinubu continues to assert his commitment to addressing challenges and creating an enabling environment for investors, the future holds promise for increased bilateral cooperation and economic growth.
Crediblenews.ng
