President Bola Tinubu has assured international investors that Nigeria remains a secured destination with high prospects for returns for their investments.
Tinubu, who gave the assurance while speaking as a participant in a panel discussion on fostering local value chains and investments in Africa at the 4th G20 Investment Summit in Berlin, Germany, highlighted Nigeria’s stable democracy since 1999 and ongoing economic reforms, amongst other factors that should make the investors to consider Nigeria as a prime business destination.
Specifically, the President spoke on the opportunities in public sectors such as energy, digitalization, telecommunications, and agriculture and the private sector that could be explored foreign investors to achieve a win-win partnership between them and the country.
The assurance by President Tinubu at the Berlin Summit came barely a week after he opened discussions on a multi-billion dollar finance from the Islamic Development Bank management in Mecca to fund infrastructure projects in Nigeria.
The Special Adviser to the President, Ajuri Ngelale, in a statement on Tuesday, November 14, confirmed that “President Bola Tinubu, on Monday night, in Mecca, Saudi Arabia, advanced negotiations concerning a multi-billion dollar infrastructure finance facility from the Islamic Development Bank to fund a multi-sectoral portfolio of infrastructure projects at the federal and sub-national levels in Nigeria.
“This development was the outcome of substantive investment discussions held between President Tinubu and the Vice-President (Country Programs) of the Islamic Development Bank, Dr. Mansur Muhtar, after the President’s return from evening prayers”, he added.
He further quoted the President as saying that “Nigeria is the candle of hope that will light the way for Africa. And once Africa is illuminated, the world will be a brighter place for all of humanity. We are determined to create a future for our gifted youths.
“Investments in Nigeria will be among the world’s most high-yielding. Investor money will flow easily in and out of our country. Processes will be seamless. And your bank has always been a faithful partner in progress”, he added.