Tinubu to Shell Petroleum: Nigeria is ready for business

President Bola Tinubu has assured investors of his government’s commitment to policy consistency and better business climate to attract investment.

Tinubu said this while receiving the delegation of the Shell Petroleum Development Company (SPDC) led by the Global Upstream Director, Zoe Yujnovic, at the Presidential Villa in Abuja on Monday.

The president hailed the SPDC’s offer for more investments in the Nigerian oil and gas sector, adding that such investments are needed to enable the government meet its obligations.

He stated that attracting fresh investment was “a promise I made personally to Nigerians”, adding: “Whatever it takes, I will fulfill that promise to Nigerians.”

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President Tinubu reiterated that Nigeria is ready for business, assuring the Shell management and other investors of his administration’s willingness to maintain an open-door policy and address their concerns.

“We are open for business. We are serious. I give you the assurance of consistency in policy,” he said.

Tinubu also assured that his government was removing all forms of bottlenecks in order to ensure Nigeria becomes an attractive investment destination.

On her part, Yujnock applauded what she described as “incredibly strong start” of Tinubu’s administration and expressed optimism that the “bold” steps taken by the government would renew Nigeria’s pride of place as an investment destination.

Yujnock said SPDC was willing to ramp up investment in the country, especially in the areas of gas and deep-water assets by pumping in billions of dollars.

She said Nigeria remains a strategic investment country for the company in view of the long history between the two entities and the prospects held by the county’s oil and gas sector.

The Star