President Bola Tinubu has reassured multinational companies operating in Nigeria of his administration’s commitment to removing obstacles and creating a conducive environment for their businesses.
During a meeting with the management of Shell Group, led by its Global Integrated Gas and Upstream Director, Ms. Zoe Yujnovich, President Tinubu emphasized that no challenge is too significant to prevent Nigeria from becoming a safe haven for large-scale investments.
Addressing the delegation, President Tinubu stated, “We are very focused on resolving all investment-related issues.
There is no bottleneck that is too difficult for us to remove in our determined march toward making Nigeria the African haven for large-scale investment in all key sectors.”
We need each other,” the President told a visiting delegation of the management of Shell Group led by its Global Integrated Gas and Upstream Director, Ms. Zoe Yujnovich, at the State House, Abuja
Expressing confidence in the potential for increased investment from Shell Petroleum Development Company of Nigeria, the President highlighted Nigeria’s longstanding ties with Shell dating back to the discovery of the country’s first commercial oil field in 1956.
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He assured the Shell delegation of the government’s commitment to securing and fostering both existing and new investments.
President Tinubu acknowledged the global focus on investment in and around the continent, stating, “I am spearheading Nigeria’s global march for new investments at home.”
He encouraged Shell to continue its investment efforts, expressing readiness to support and encourage the company in every possible way.
SaharaReporters had on Thursday reported that the presidential candidate of the Labour Party in the last general elections, Peter Obi, decried the exit of multinational companies from Nigeria, with the latest one coming from Procter & Gamble (P&G).
The President’s remarks come against the backdrop of the recent exodus of several multinational companies from Nigeria. This trend has raised concerns about the country’s medium to long-term prospects.
Notably, Procter & Gamble ,P&G, recently announced plans to transition from local production to importing its products, marking its withdrawal from on-ground operations in Nigeria.
As Nigeria seeks to attract and retain multinational companies, President Tinubu’s commitment to addressing investment-related challenges is positioned as a key strategy to create an investor-friendly environment and stimulate economic growth.
Crediblenews.ng
