President Bola Tinubu has assured local and foreign investors that Nigeria remains open for business, saying his administration is implementing reforms to create a more predictable, competitive and investment-friendly economy.
Tinubu gave the assurance at the 75th anniversary celebration of the Nigerian Bottling Company (NBC), held at the Bola Ahmed Tinubu International Conference Centre in Abuja on Monday, September 14, 2026.
The president, who was represented by the Secretary to the Government of the Federation, George Akume, said the federal government was addressing challenges facing businesses through reforms under the Renewed Hope Agenda.
“Our message to investors, both Nigerian and international, is clear: Nigeria is open for business, and we are working to make the business environment more predictable, more competitive and more supportive of investment,” he said.
Tinubu noted that reliable power supply, efficient infrastructure, clear regulations, improved ports and logistics, access to foreign exchange and a supportive tax system are essential to attracting investment, expanding production and creating jobs.
Tinubu said the administration’s economic reforms are aimed at building a more productive economy, reducing reliance on imports, boosting local manufacturing and creating more opportunities for Nigerians.
“We want to produce more, manufacture more, add more value locally and create more opportunities for Nigerians,” he said.
The president also welcomed the Coca-Cola System’s proposed $1 billion investment in Nigeria over five years, announced in 2024, describing it as a strong vote of confidence in the country’s economy following the company’s previous $1.5 billion investment over the last decade.
According to him, the government is more interested in the quality of investments than their value, stressing that investments should generate jobs, develop skills, encourage local sourcing, transfer technology and strengthen domestic production.
“We are interested not only in the amount of capital that comes into Nigeria, but in what that capital does here,” he said.
Tinubu urged investors to see Nigeria not only as a large consumer market but also as a production hub where businesses can manufacture goods, build supply chains and compete across Africa and global markets.
Tinubu praised the Nigerian Bottling Company for expanding its production capacity through new production lines in Asejire, Oyo State, and Challawa, Kano State, describing such investments as vital to Nigeria’s industrial growth.
The president called for greater local content development by encouraging Nigerian companies to become suppliers to major manufacturers while also training young Nigerians to operate modern industrial equipment.
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He reaffirmed the federal government’s commitment to improving infrastructure, policies and regulations that support investment but stressed that the private sector must also drive growth through innovation, investment and job creation.
Tinubu also highlighted the importance of human capital development, commending NBC’s Supply Chain Academy, which has trained more than 1,400 young Nigerians, as well as its community development and women empowerment initiatives.
He acknowledged that ongoing reforms have required sacrifices from Nigerians and businesses but maintained that difficult decisions were necessary to address longstanding structural problems in the economy.
The president reaffirmed that Nigeria welcomes investors willing to make long-term commitments by producing locally, developing Nigerian talent, strengthening local supply chains and contributing to host communities.
Earlier, Tinubu congratulated the Nigerian Bottling Company on its 75th anniversary, describing its growth from a Lagos-based company established in 1951 to a nationwide enterprise as proof of the opportunities available through sustained investment in Nigeria.
He noted that the Coca-Cola System generated an estimated $1 billion in value-added economic activity in Nigeria in 2024, supported more than 160,000 livelihoods across its value chain and sourced about $601 million worth of goods and services from Nigerian suppliers.
Tinubu urged the company to sustain its investments, deepen local supply networks and continue developing Nigerian talent, expressing confidence that Nigeria could build a stronger economy driven by consistent policies, investment, infrastructure and private-sector partnership.
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