We’re ready for business, Tinubu assures investors

President Bola Ahmed Tinubu has assured the business community of his government’s commitment to policy consistency and a better business climate to attract investment.

Tinubu reiterated that Nigeria is ready for business, assuring Shell Petroleum Development Company (SPDC) management and other investors of his administration’s willingness to maintain an open-door policy and address their concerns.

The president spoke on Monday while receiving the delegation of the SPDC led by the Global Upstream Director, Ms. Zoe Yujnovic, at the State House in Abuja, a statement by his Special Adviser on Special Duties, Communication, and Strategy, Dele Alake confirmed.

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According to the statement, Tinubu 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 to meet its obligations.

The statement added that Tinubu recalled that attracting fresh investment was a promise he made to Nigerians — would fulfill it no matter what it takes. 

“We are open for business; we are serious — I give you the assurance of consistency in policy,” he said.

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The president also assured that his government was removing all forms of bottlenecks to ensure Nigeria became an attractive investment destination.

Earlier, SPDC Global Upstream Director,  Ms. Yujnock applauded what she described as the “incredibly strong start” of the Tinubu presidency and 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.

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She said Nigeria remains a strategic investment country for the company given the long history between the two entities and the prospects held by the county’s oil and gas sector.