President Bola Ahmed Tinubu has given reassurance to the business community regarding his government’s unwavering commitment to policy consistency and creating a conducive business climate that attracts investment.
During a meeting with the delegation from Shell Petroleum Development Company (SPDC), led by the Global Upstream Director, Ms Zoe Yujnovic, at the State House in Abuja, President Tinubu expressed his appreciation for SPDC’s offer to invest more in Nigeria’s oil and gas sector.
He emphasized the importance of such investments to support the government’s obligations.
President Tinubu recalled his personal pledge to Nigerians to attract fresh investments, stating that he is determined to fulfill this promise through any means necessary.
Reiterating that Nigeria is ready for business, he assured Shell’s management and other potential investors of his administration’s commitment to maintaining an open-door policy and addressing their concerns promptly.
“We are open for business. We are serious. I give you the assurance of consistency in policy,” President Tinubu affirmed.
Addressing the President earlier, Ms Yujnock applauded what she described as “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.
She said Nigeria remains a strategic investment country for the company in view of the long history between the two entities and the prospects held by the county’s oil and gas sector.