• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Now Truly Open For Business, Tinubu Tells Saudi Investors

Says every tape is gone

by Jonathan Nda-Isaiah
2 years ago
in News
Nigeria Now Truly Open For Business, Tinubu Tells Saudi Investors
Share on WhatsAppShare on FacebookShare on XTelegram

President Bola Ahmed Tinubu, on Saturday in Riyadh, Saudi Arabia, begun his deliberation with the Captains of Saudi Arabian Industry at the Nigeria-Saudi Investment Roundtable .

Advertisement

According to a statement by presidential spokesman, Ajuri Ngelale, Tinubu made it by clear that with his team in place, every negative perception or notion about what Nigeria has represented in the past with respect to the ease of doing business, monetary policy, and trade cooperation were no longer applicable now and in the future of Africa’s largest economy, which he firmly declared is “open for business.”

“I believe in this team that I have brought from Nigeria. When I took office, I declared the immediate commencement of bold and fundamental economic reforms. We have executed them, and we sustain the reform process. Today, I declare that red tape is gone!

“I believe in the full application of free market economics. Your money will flow easily in and easily out. The arbitrage around our nation’s old foreign exchange policy regime and the corruption that was associated with it is also gone!

“We took on those bold endeavours from day one in preparation for serious investors like you seated here. The greatest opportunity for any entity to prosper lies in its human capital. My team is prepared. We can produce. Our market is full of Nigerian youths who are brilliant, highly educated, industrious, and passionate about innovation and engagement with world-class services.

RELATED

We Suffered In Hands Of Bandits, Kukah’s Brother Narrates Experience

Boko Haram Abducts Catholic Priest, 9 Others, Kills 1 In Borno

4 minutes ago
Youth Empowerment On The Radar Of Dikko Radda

Katsina Govt Moves Against Threats To Peace, Stability

5 minutes ago

“The navigation of the ship of this great nation lies in the membership seated here. We are ready to answer all of your questions directly, even into this night if need be. The sky is not just the limit, but it is the destination for our two countries and peoples,” the Nigerian President confidently affirmed.

Saudi Arabia’s Trade and Investment Minister, Kahlid El-Falih, noted the passion and candid expression of the Nigerian leader, saying that after listening to the President speak from his heart without any written remarks about what is possible between the two nations, Nigerians can expect that the Saudi investment community will respond not in words alone, but with substantial new investment across several sectors of the Nigerian economy.

“The Minister of Commerce and I will be visiting Nigeria either before the end of this year or very early next year with a very large delegation of Saudi CEOs from all key sectors. We know you are ready for business, so we do not want to come to Nigeria for any exploratory discussion. We are coming for implementation. It is an action visit.

Read Also: ‘Your Investments Are Safe In Nigeria’, Tinubu Woos Saudi Investors

“Mr. President, you agree with me that good intentions alone will not take us anywhere, so we will prepare well with your team and our investors will align with your officials, beginning now, to develop a concrete work plan of investments in the key sectors for takeoff when we meet again. When we meet soon in Abuja, it will be to sign and begin delivery on all agreements. We will also use the opportunity to formally inaugurate the Nigeria-Saudi Business Council.

Saudi Arabia’s Commerce Minister, Majid bin Abdullah Al Qasabi, previewed how Saudi Arabia can further contribute to the soft infrastructural reforms needed to unlock game-changing quantums of foreign direct investment in Nigeria.

“We have signed an agreement with the World Economic Forum on the reform of the services sector in Africa. In developed economies, the services sector contributes enormously to GDP. But in the developing world, we tend to focus on goods. So, we would like to make Nigeria the pilot country in this agreement with WEF to study Nigeria’s service challenges to make it seamless and make the supply chains across sectors streamlined and raised to international standard to enhance Nigeria’s economic and investment viability over the long-term,” he stated.

Chairman of Dangote Industries, Alhaji Aliko Dangote, told Saudi investors that Nigeria, under the leadership of President Bola Tinubu, will be unearthed to the world as a foremost global investment haven.

“What I always say about Nigeria is that it is the world’s best kept secret in terms of investments and returns. We are also looking to ensure that our investments are a two-way process. Nigerian companies have a lot of value to add to the Saudi economy, and we look forward to working together in expanding our Nigerian operations as well. The soon coming launch of the Nigeria-Saudi Business Council will be a huge opportunity for both countries to expand on what has been established here.

At the Investor Roundtable, dozens of Chief Executive Officers from several Saudi conglomerates specializing in construction, finance, new and traditional energy, healthcare, agriculture, electric power, mining, aviation, telecommunications, creative arts, and hospitality were present and made their exploratory pitches to President Tinubu on areas of tangible collaboration.

Taking notes, the President listened carefully with eyes fixed on each investor as they made their contributions concerning new investment opportunities in Africa’s largest market.

“I have listened to all of you very intently, and I am not only impressed, but I am determined to be your partner in progress and prosperity. Nigeria will reward your faith. Our people are ready, and we will not disappoint,” President Tinubu concluded.

The Nigerian government delegation comprised of the Executive Governors of Bauchi, Niger and Katsina States; Minister of Finance & Coordinating Minister of the Economy, Mr. Wale Edun; Minister of Budget & Economic Planning, Sen. Abubakar Bagudu; Minister of Industry, Trade & Investment, Dr. Doris Uzoka-Anite; Minister of Communications, Innovation & Digital Economy, Dr. Bosun Tijani; Minister of Agriculture, Sen. Abubakar Kyari; Minister of Humanitarian Affairs & Poverty Alleviation, Dr. Betta Edu; and Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri.

The Nigerian business delegation comprised of the Chairman of Dangote Industries, Alhaji Aliko Dangote; Chairman of the Chagoury Group, Amb. Gilbert Chagoury; President of Flour Mills Nigeria, Mr. John Coumantaros; CEO of Oando Energy Company, Mr. Wale Tinubu and many others.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Bola Ahmed Tinubu
SendShareTweetShare
Previous Post

Off-cycle Elections: CODE Raises Concerns In Bayelsa, Imo

Next Post

Knit App Unveiled To Simplify Event Listing, Ticketing, Social Networking

Jonathan Nda-Isaiah

Jonathan Nda-Isaiah

You May Like

We Suffered In Hands Of Bandits, Kukah’s Brother Narrates Experience
News

Boko Haram Abducts Catholic Priest, 9 Others, Kills 1 In Borno

2025/06/08
Youth Empowerment On The Radar Of Dikko Radda
News

Katsina Govt Moves Against Threats To Peace, Stability

2025/06/08
Contractors, Delta Govt Trade Blame Over Alleged N78bn Contract
News

Delta Govt Approves Repair Of Palace Road, N6.7bn UBEC Grant

2025/06/08
HURIWA Urges Federal Gov’t To Immortalise Mike Ejeagha
News

HURIWA Urges Federal Gov’t To Immortalise Mike Ejeagha

2025/06/08
Private Sector Participation Critical To  Development Of Niger Delta – Expert
News

NDDC Will Sustain Support For Digital Transformation In Niger Delta, Says Ogbuku

2025/06/08
Edo Gov’t Directs Okpella Kingmakers To Begin Selection Of New Okuokpellagbe
News

Gov Eno’s Defection Will Unlock Opportunities In South-South – Okpebholo

2025/06/08
Leadership Conference advertisement

LATEST

Boko Haram Abducts Catholic Priest, 9 Others, Kills 1 In Borno

Katsina Govt Moves Against Threats To Peace, Stability

Delta Govt Approves Repair Of Palace Road, N6.7bn UBEC Grant

HURIWA Urges Federal Gov’t To Immortalise Mike Ejeagha

NDDC Will Sustain Support For Digital Transformation In Niger Delta, Says Ogbuku

Gov Eno’s Defection Will Unlock Opportunities In South-South – Okpebholo

No Trust, No Police

Risk Managers Seek Review Of Nigeria’s Early Warning Systems

$300m AMCE To Curb Medical Tourism Drain

COAS Lauds Army Veterans, Reaffirms Support For Welfare

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.