All barriers to doing business should be removed -Tinubu

Investors have been reassured by President Bola Tinubu that his ongoing economic repositioning will advance as he intensifies the removal of all barriers to effective business startup and administration in Nigeria, with a focus on service effectiveness, tax reviews, and enhanced security.

At the presidential villa in Abuja on Wednesday, President Tinubu assured Ade Adeola, Managing Director of Energy and Natural Resources for Standard Chartered Bank in Europe, Africa, and the Middle East, that his administration was already working hard to make a difference in luring investments.

The president was reported as saying in a statement by Ajuri Ngelale, Special Adviser to the President (Media & Publicity): “We are committed to improving partnership, increasing efficiency, and creating an atmosphere that is conducive to investors. On security, we have already been working hard. We’ll establish a very welcoming atmosphere for growth and investments and increase efficiency across the board for good input and output.

The president assured the group that tax reforms are being implemented with strict adherence to international best practises and will benefit businesses for the success of the entire country.

“Do business with us now. We believe in collaboration, and we will work with everyone who is concerned with the advancement of Nigeria,” he said.

In his remarks, Adeola stated that the bank had long been committed to facilitating investments in Nigeria while concentrating on energy and natural resources and having a sizable portfolio of funding for the oil and gas business.

He declared, “We are really enthusiastic about your leadership and we want to reiterate our commitment to the development of Nigeria.

The bank supports investments worth between $2 and $3 billion in dollars yearly, Mr. Adeola informed the President.