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We’re reforming Nigeria’s economic, business environment to promote efficiency – Tinubu
We’re reforming Nigeria’s economic, business environment to promote efficiency – Tinubu
President Bola Tinubu says his administration is working assiduously to reform the nation’s economic and business environment to promote efficiency.
Mr Tinubu said this on Sunday during a bilateral meeting with the Chancellor of the Federal Republic of Germany, Olaf Scholz and his entourage, in the Presidential Villa, Abuja.
Mr Tinubu and the chancellor engaged in three separate meetings before addressing a joint press briefing.
According to the Nigerian leader, the country has a very high deposit of gas availability and the investment environment as well as liquid natural gas is improving.
Mr Tinubu said his administration had improved the nation’s business environment, saying, “we are going through several reforms.”
He also said that Nigeria was ready to encourage investment in gas pipelines and that the LNG would facilitate the shipment of liquefied gas to Europe.
According to him, the government will continue to promote the opportunity for the growth of businesses and their partners.
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Mr Tinubu said, “We are reforming our economic and business environment to promote efficiency.
“You might have read or been aware that we have removed oil subsidy.
“We’re going through tax reforms to eliminate double taxation and give you better returns on investments.”
According to the president, there are principles that will ensure that investment grows well and is protected.
He added, “We definitely welcome you to the collaboration; we’re happy this is happening to us.
“I believe that my friend will add more to the value of Nigeria’s environment; we have discussed that.
“I’ve made a commitment to you that we’ll promote efficiency, ease of doing business and remove all conflict areas that might be possible immediately.”
On the Federal Government’s alleged refusal to retrieve over 12,000 Nigerians who were unable to make Germany’s asylum provision and were at risk of deportation, Tinubu said that such persons were welcome to return home.
He, however, disclosed that both countries were working on regularising the stay of those who were economic refugees.”
The president said there was a very deep discussion in this direction, urging the separation of economic refugees from real refugees.
We’re reforming Nigeria’s economic, business environment to promote efficiency – Tinubu
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Just in: Tinubu swears in Rivers Sole Administrator Ibas
Just in: Tinubu swears in Rivers Sole Administrator Ibok-ete Ibas
President Bola Tinubu has sworn in Vice Vice Admiral Ibok-ete Ibas (Retd.) as the Sole Administrator of Rivers State.
The administrator was sworn in on Wednesday after a short meeting with the President.
Tinubu announced the appointment of the retired naval chief at a nationwide broadcast on Tuesday, when he declared a state of emergency in Rivers State and suspended Governor Siminalayi Fubara, Deputy Governor, Ngozi Odu, and the state House of Assembly members.
The President said his decision was based on Section 305 of the 1999 Constitution, saying he could not continue to watch the political situation in Rivers escalate without taking concrete action.
The suspension of Fubara and other elected representatives has been rejected and condemned by many eminent Nigerians, legal luminaries, groups such as Atiku Abubakar, Peter Obi, Femi Falana, the Labour Party (LP), the Peoples Democratic Party (PDP) and the Nigerian Bar Association.
However, the emergency rule has been praised by the pro-Nyesom Wike Assembly led by Martins Amaewhule, accusing Fubara of contravening the Supreme Court ruling on the political situation in the state.
Ibas was the Chief of Naval Staff from 2015 to 2021.
He is from Cross River State where he had his early education.
The new sole administrator went to the Nigerian Defence Academy in 1979 from where he proceeded to have a successful career in the Navy, rising through the ranks to the very top.
He is a member of the Nigerian Institute of International Affairs (NIIA) and the Nigerian Institute of Management.
President Muhammadu Buhari who appointed him as Chief of Naval Staff conferred him with the National Honour of Commander of the Federal Republic (CFR) in 2022.
News
Breaking: Tinubu declares state of emergency in Rivers State
Breaking: Tinubu declares state of emergency in Rivers State
President Bola Tinubu on Tuesday night declared a state of emergency in Rivers State following the protracted political crisis in the state.
Tinubu made the declaration during a nationwide broadcast, saying it is for six months.
He announced the suspension of the Executive Governor, Siminalayi Fubara, his deputy and all the members of the House of Assembly for six months.
He immediately named an administrator, Vice Admiral Ibok-Ete Ibas (Retd), to take charge of the affairs of the state for the six-month period.
Section 305 of the 1999 Constitution interprets a state of emergency as a situation of national danger or disaster in which a government suspends normal constitutional procedures to regain control.
A state of emergency allows the President to immediately make any desired regulations to secure public order and safety. (Channels TV)
News
BREAKING: Tinubu addresses Nigerians on Rivers political crisis
BREAKING: Tinubu addresses Nigerians on Rivers political crisis
President Bola Tinubu on Tuesday night will hold a nationwide broadcast to address the crisis in Rivers state.
Bayo Onanuga, special adviser to the president on information and strategy, said the broadcast will be transmitted by the Nigerian Television Authority (NTA) and the Federal Radio Corporation of Nigeria (FRCN).
The broadcast is expected to be held by 7pm today.
Video: President Tinubu has declared state on emergency on Rivers state effective immediately, suspends Governor Fubara, his deputy governor and house of assembly members for six months.
He also nominated an administrator pic.twitter.com/jD1g9FHOez— Nigeria Stories (@NigeriaStories) March 18, 2025
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