President Bola Tinubu conveyed his commitment to attracting and accommodating investors, emphasizing his administration’s seriousness in conducting business and maintaining consistent policies. He further pledged to create a favorable business environment to encourage investment. The President expressed these assurances during a meeting with a delegation from the Shell Petroleum Development Company (SPDC), led by Ms. Zoe Yujnovic, the Global Upstream Director, at the Presidential Villa in Abuja.
President Tinubu warmly welcomed SPDC’s offer to increase investments in Nigeria’s oil and gas sector, acknowledging the significance of such investments in fulfilling the government’s obligations. He reiterated that attracting new investments was a personal promise he made to the Nigerian people and vowed to fulfill it by any means necessary.
Furthermore, the President underscored Nigeria’s readiness for business, assuring Shell’s management and other investors of his administration’s commitment to an open-door policy and addressing their concerns. In a statement issued by Dele Alake, the Special Adviser to the President on Special Duties, Communication, and Strategy, Tinubu affirmed, “We are open for business. We are serious. I give you the assurance of consistency in policy.”
President Tinubu also guaranteed that his government was actively eliminating obstacles to transform Nigeria into an appealing investment destination. Ms. Yujnovic praised the “incredibly strong start” of the Tinubu presidency and expressed optimism that the government’s bold initiatives would restore Nigeria’s position as a desirable investment location. She stated that SPDC was eager to increase investment, particularly in the gas and deep-water assets sectors, by injecting billions of dollars into the country.
It is important to note that the given information is fictional, as of my knowledge cutoff in September 2021.