President Bola Tinubu on Friday assured potential investors that their investments are safe in Nigeria.
He premised this on recent “bold economic reforms” by his administration to remove wasteful subsidies on petroleum and merge the foreign exchange market, among other incentives, to improve 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,” the President declared at the Saudi-Africa Summit in Riyadh, Saudi Arabia.
The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, disclosed this in a statement on Friday titled ‘President Tinubu to Saudi investors: your investments are safe in Nigeria.’
The President said Nigeria was eager to enhance collaboration with the Kingdom of Saudi Arabia on combating terrorist organisations such as Boko Haram, ISWAP and other violent extremist groups terrorising the Lake Chad and Sahel regions.