President Bola Ahmed Tinubu said Thursday that Nigeria is ready and prepared to welcome foreign investments.
Tinubu disclosed this in a statement by his Special Adviser on Special Duties, Communication and Strategy.
According to the Alake, the president spoke while receiving the President and Chairman of the Board of Directors of the African Export-Import Bank (Afrexim), Prof. Benedict Oramah and President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, in separate meetings, on the sidelines of the Summit for New Global Financing Pact.
According to him, the ongoing reforms in Nigeria, starting with removing fuel subsidies and streamlining the exchange rate, will be sustained for a more competitive economy that attracts Foreign Direct Investment (FDI).
He urged investors to take advantage of opportunities in Nigeria.
“We are ready for business and prepared to welcome investments,” he said.
The president assured the delegation of AfreximBank Executives led by Oramah that the Federal Government would continue to stimulate the economy with policies that support investments in areas of Nigeria’s competitive advantage, particularly agriculture.
“We need reforms for national survival,” he added, noting that it would take boldness and courage to reposition the economy, calling for more collaboration to solidify it.
“We must stimulate recovery for the growth and prosperity of our people, which will not be far away. Nigeria is ready for global business, and our reform is total.
“Nigeria is blessed with human and material resources,” President Tinubu told the delegation, which had earlier listed areas of interventions to buoy the economy, like infrastructure, health, energy and agriculture,” he stated.