President Bola Tinubu.
On Thursday, December 7, President Bola Tinubu urged multinational companies in Nigeria not to exit the country. He assured them that his administration is committed to eliminating all hurdles hindering the smooth operation of their businesses.
He emphasized that there is no obstacle too formidable to be addressed in order to transform Nigeria into a secure destination for significant investments.
Talking to a group from Shell, headed by Ms. Zoe Yujnovich,President Bola Tinubu said this at the State House in Abuja.
“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.”
He added: “We need each other.”
In a statement released on Friday and signed by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale, Tinubu conveyed his optimism about the prospect of greater investment from Shell Petroleum Development Company of Nigeria.
Underscoring the enduring relationship between Nigeria and Shell, dating back to the discovery of the nation’s initial commercial oil field in 1956, the President reassured the Shell delegation of his administration’s dedication to safeguarding and promoting both current and prospective investments.
He said: “We have made progress since our last meeting. I will continue to support and encourage you on this path.
“There is no doubt that there is a significant focus on investment in and around the continent. I am spearheading Nigeria’s global march for new investments at home.
“In view of our long-term relationship that has been established over the years, we want you to do more, and we are ready to encourage you in every way possible.”
This occurs as numerous multinational corporations, such as P&G and GSK, exit Nigeria.