Nigeria is now open for business, and President Bola Ahmed Tinubu made it clear during his meeting with Saudi Arabian investors in Riyadh, Saudi Arabia. He emphasized that Nigeria is ready for serious investors and that the negative perceptions about doing business in Nigeria are no longer applicable. Tinubu expressed his confidence in the economic reforms and the removal of red tape, making it easier for money to flow in and out of the country. He also highlighted the potential of Nigeria’s human capital, particularly the brilliant and passionate Nigerian youths. The Saudi investment community responded positively, expressing their intention to make substantial new investments across various sectors of the Nigerian economy. This signals a promising future for business collaboration between Nigeria and Saudi Arabia. The meeting concluded with plans for a visit to Nigeria by a large delegation of Saudi CEOs, with a focus on concrete work plans and the formal inauguration of the Nigeria-Saudi Business Council. Additionally, Saudi Arabia expressed its commitment to contribute to the soft infrastructural reforms needed to attract foreign direct investment in Nigeria. The Chairman of Dangote Industries, Alhaji Aliko Dangote, also expressed optimism about Nigeria becoming a global investment haven under President Tinubu’s leadership. The President assured the Saudi investors of Nigeria’s readiness to be their partner in progress and prosperity. The Nigerian government and business delegations, along with several Saudi CEOs, were present at the meeting, showcasing the potential for tangible collaboration. President Tinubu concluded the meeting by affirming Nigeria’s commitment to rewarding the faith of the investors and expressed determination to not disappoint. The Nigerian delegation included executive governors and ministers, while the business delegation comprised prominent figures such as Aliko Dangote, Gilbert Chagoury, and Wale Tinubu.
