President Bola Tinubu says Nigeria is ready for business while assuring investors of some of the world’s highest returns on investment.
Speaking at the Saudi-Africa summit in Riyadh, Saudi Arabia, on friday, the president added that Nigeria is desirous of enhancing collaboration with the Kingdom of Saudi Arabia on combating terrorist organizations such as Boko Haram, Iswap, and other violent extremist groups which have been terrorizing the lake chad and Sahel regions.
President Tinubu said like Saudi-Africa, Nigeria is also diversifying her economy away from oil dependence to promote sustainable development, noting that his 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.
MUST READ: Saudi-Africa Summit: Tinubu To Attend In Riyadh, Saudi Arabia
Speaking on climate change and how it affects Africa, president Tinubu said climate change has led to an expedited rate of desertification and incessant flooding in Nigeria and many other countries of Africa.
He commended the efforts of the kingdom for its various initiatives to fight the effects of climate change, adding that Nigeria is also working on a number of initiatives to fight the effects of climate change and energy poverty.
(Editor: Ebuwa Omo-Osagie)
