President Bola Tinubu yesterday assured that ongoing efforts at reforming the economy will remove all bottlenecks in the way of efficient business startup and administration in Nigeria.
Tinubu gave the assurance when he received the Managing Director of Energy and Natural Resources in Europe, Africa and Middle East for Standard Chartered Bank, Mr. Ade Adeola, at the Presidential Villa, Abuja.
He said his administration was already working hard on making a difference in attracting investments.
According to a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, the president said the reforms regime is placing a particular emphasis on efficiency in service, tax reviews, and improved security.
“We are committed to strengthening partnership, encouraging efficiency, and creating a suitable environment for investors. We are already working hard on security. We will improve efficiency across the board for good input and output, and we will build a very friendly environment for growth and investments,” he said.
The President told the delegation that tax reforms are being undertaken with a close observance of best practices across the globe, which will favor businesses for the collective prosperity of the nation.
“We are open for business. We believe in partnership, and we will work with all those interested in the progress of Nigeria,” he noted.
In his remarks, Adeola said the bank had been committed to enabling investments in Nigeria for many years while focusing on energy and natural resources with a huge portfolio in funding for the oil and gas industry.
“We are very excited about your leadership, and we want to restate our commitment to the growth of Nigeria,” he said.
Mr. Adeola told the President that the bank supports investments of about $2 to $3 billion U.S. dollars annually.