Nigeria is now open for business, and President Bola Tinubu has declared an end to all the obstacles that were holding back the Nigerian economy. Speaking at the Nigeria-Saudi Investment Roundtable, President Tinubu assured the Saudi Arabian business community that Nigeria is fully committed to implementing economic policies that will drive the country’s economy forward. He expressed his confidence in the team he has assembled, stating that they have executed bold economic reforms and removed red tape, making it easier for investments to flow in and out of the country. President Tinubu also highlighted the potential of Nigeria’s human capital, emphasizing the readiness of the Nigerian market to engage with world-class services.
The President’s optimism on free market economics was well received by Saudi Arabia’s Trade and Investment Minister, Kahlid El-Falih, who expressed his belief that the Saudi investment community will respond with substantial new investments in Nigeria. He announced plans for a visit to Nigeria with a large delegation of Saudi CEOs, emphasizing that they are ready for business and are coming for implementation, not just exploratory discussions.
The Chairman of Dangote Industries, Alhaji Aliko Dangote, echoed President Tinubu’s sentiments, stating that Nigeria, under President Tinubu’s leadership, will emerge as a global investment haven. He also highlighted the potential for Nigerian companies to add value to the Saudi economy, expressing eagerness to expand Nigerian operations.
At the Investor Roundtable, several Saudi CEOs presented investment opportunities in various sectors to President Tinubu, who assured them of Nigeria’s commitment to being their partner in progress and prosperity. The Nigerian government delegation, along with business leaders such as Alhaji Aliko Dangote, Amb. Gilbert Chagoury, and Mr. John Coumantaros, demonstrated Nigeria’s readiness for collaboration and expansion of business ties with Saudi Arabia.
The future looks promising for Nigeria as it opens its doors to new investments and partnerships, and President Tinubu’s declaration signals a positive shift in the country’s economic landscape.