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