President Bola Ahmed Tinubu has assured the business community of his administration’s commitment to policy consistency and a better business climate.
The President spoke yesterday while receiving a delegation of Shell Petroleum Development Company (SPDC), led by its Global Upstream Director, Ms. Zoe Yujnovic, at the State House, Abuja.
He welcomed the SPDC’s offer of more investments in the country’s oil and gas sector, adding that such investments were needed now more than ever, to enable the government to meet its obligations.
According to a statement by his Special Adviser on Special Duties, Communication and Strategy, Mr. Dele Alake, the President recalled that attracting fresh investment was “a promise I made personally to Nigerians. Whatever it takes, I will fulfil that promise to Nigerians.”
President Tinubu reiterated that Nigeria was ready for business, assuring the Shell management and other investors 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.
The President also assured that his government was removing all forms of bottlenecks to ensure Nigeria becomes an attractive investment destination.
Earlier, Ms. Yujnock applauded what she described as an “incredibly strong start” of the Tinubu presidency.
She expressed optimism that the “bold” steps taken by the government would renew Nigeria’s pride of place as an investment destination.
Yujnock said 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 said Nigeria remains a strategic investment country for the company because of the long history between the two entities and the prospects held by the county’s oil and gas sector.