Abuja, July 4, 2023 – President Bola Ahmed Tinubu has assured investors in the oil and gas sector of Federal Government’s resolve to continue with the ongoing reforms in the sector.
Tinubu gave the assurance on Monday while receiving a delegation of the Shell Petroleum Development Company (SPDC) led by its Global Upstream Director, Ms Zoe Yujnovic.
He said Nigeria was ready and open for businesses and assuring foreign investors of improved business climate to attract more investments.
Tinubu welcomed the SPDC’s offer of more investments in the Nigerian oil and gas sector, adding that such investments were needed to enable the government to meet its obligations.
He recalled his recent promises to the nation on fresh foreign investments.
“A promise I made personally to Nigerians. Whatever it takes, I will fulfil that promise to Nigerians. We are open for business. We are serious. I assure you of consistency in policy,”
Tinubu said his administration was committed to removing all forms of bottlenecks to ensure that Nigeria becomes an attractive investment destination.
Yujnovic applauded the “incredibly strong start” of the Tinubu presidency and expressed optimism that the steps taken by the government would renew Nigeria’s pride of place as an investment destination.
She said that Nigeria remained key to the company’s long-term goal, citing that SPDC plans to ramp up investment in the country, especially in the areas of gas and deep-water assets by pumping in billions of dollars. (GBN)
