President Bola Ahmed Tinubu has given assurance to the business community about his government’s dedication to maintaining consistent policies and creating a favorable business environment to attract investments.
On Monday, during a meeting at the State House in Abuja, the president received a delegation from the Shell Petroleum Development Company (SPDC) led by Zoe Yujnovic, the Global Upstream Director. President Tinubu welcomed SPDC’s offer to invest more in Nigeria’s oil and gas sector, emphasizing the urgent need for such investments to fulfill the government’s obligations. He emphasized that attracting new investments was a personal promise he made to Nigerians and assured that he would fulfill it no matter what.
Furthermore, President Tinubu reiterated that Nigeria is prepared for business and pledged his administration’s commitment to maintaining an open-door policy and addressing investors’ concerns. He stated, “We are open for business. We are serious. I assure you of policy consistency.
” The president also guaranteed that his government is actively removing obstacles to transform Nigeria into an appealing investment destination. During her address to the president, Ms. Yujnovic commended the strong start of the Tinubu presidency and expressed confidence that the government’s bold actions would restore Nigeria’s position as a prime investment location. She stated that SPDC was eager to increase its investments in Nigeria, particularly in gas and deep-water assets, with a commitment of billions of dollars. Ms. Yujnovic emphasized that Nigeria remains a strategic investment country for SPDC due to the longstanding relationship between the two entities and the potential of the country’s oil and gas sector.
