- Tinubu assures Saudi investors that their investments are safe in Nigeria
- He explained his plans to improve foreign exchange market
- He said his administration is adopting bold economic reforms
Your Investments are Safe in Nigeria, Tinubu Tells Saudi Investors
President Bola Tinubu has guaranteed Saudi investors that their investments are safe in Nigeria coping to his administration's strategy to improve foreign exchange market and make bold economic reforms
President Bola Tinubu has guaranteed potential investors that their investments are safe in Nigeria based on the bold economic reforms adopted by his administration.
The Special Adviser to the President on Media and Publicity, Ajuri Ngelale revealed this earlier today in a statement titled “President Tinubu to Saudi Investors: Your investments are safe in Nigeria”.
Tinubu added that his administration is prepared to remove wasteful subsidies on petroleum and merge the foreign exchange market, among other motives, to alleviate the way of doing business in Nigeria.
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According to him:
“My administration has undertaken bold economic reforms by removing wasteful subsidies on petroleum and the merging of our foreign exchange market, among other incentives aimed at improving the ease of doing business in Nigeria.
I also wish to assure all potential Saudi investors of the safety of their investments based on the sanctity of the rule of law and good returns on their investments in the largest economy in Africa.”
His assurance came nearly one month after he received Saudi Arabia’s Minister of State for Foreign Affairs, Adel Al-Jubeir, who came to Abuja to invite him to the Saudi-Africa summit officially.
The President said that Nigeria is eager to improve collaboration with the Kingdom of Saudi Arabia on fighting terrorist organisations like Boko Haram, ISWAP, and other dangerous extremist groups terrorising Lake Chad and the Sahel regions.
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