President Bola Ahmed Tinubu has reiterated his commitment to
ensuring consistency in policy and a better business climate to attract
investment.
Tinubu gave the assurance while receiving a delegation from
the Shell Petroleum Development Company (SPDC) in Abuja on Monday.
The visit was led by Zoe Yujnovich, SPDC’s global upstream
director, according to a statement by Dele Alake, special adviser to the
president on special duties, communication, and strategy.
Speaking at the meeting, the president welcomed the SPDC’s
offer for more investments in the Nigerian oil and gas sector, adding that such
investments are needed now more than ever, to enable the government meet its
obligations.
He said attracting investments was “a promise I made
personally to Nigerians. Whatever it takes, I will fulfill that promise to
Nigerians.”
Tinubu assured Shell’s management that Nigeria was ready for
business.
He also assured the investor community of his
administration’s willingness to maintain an open-door policy and address their
concerns.
“We are open for
business. We are serious. I give you the assurance of consistency in policy,”
he said.
Tinubu said his government was removing all forms of
bottlenecks in order to ensure that Nigeria becomes an attractive investment
destination.
On her part, Yujnovich lauded the president for his effort
to make the country environment-friendly for investors.
She described it as an “incredibly strong start” of the
presidency and expressed her optimism about the moves made so far.
“The bold step taken
by the government would renew Nigeria’s pride of place as an investment
destination,” she said.
Yujnovich said the SPDC was willing to ramp up investment in
the country especially in the areas of gas and deep-water assets by pumping in
billions of dollars.
She stressed that Nigeria remains a strategic investment
country for the company in view of the long history between the two entities
and the prospects held by the county’s oil and gas sector.
Add Comment