President Bola Tinubu has continued his push to attract foreign direct investment into Nigeria at the sideline of the United Nations General Assembly.
At the Nigeria-U.S Executive Business Roundtable held just after he rang closing bell at the NASDAQ Stock Market, President Tinubu assured prospective investors that while he recognises that investment capital is cowardly in nature, he intentionally brought successful Nigerian industrialists and public officials to share their experiences and operational plans respectively. This is in addition to all that he has already done to boost the confidence of the global investment community in Nigeria’s presently reforming fiscal, monetary, regulatory and tax policy environment.
While addressing businessmen and investors, the President talked about longstanding problems and impediments, such as his work to restore and unify the foreign exchange rate market to a stable and trustworthy level, allowing new investors to seamlessly bring their money into the country, free of worries about whether or not they can take their money out at any point in time.
The President, surrounded by Nigerian business leaders and officials of the Nigerian Stock Exchange, in trademark fashion, did not fail to seize the opportunity presented by the historic moment to boldly advance his foreign investment push as he stood, live, in front of financial markets at the famous stock exchange.
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On behalf of the U.S. Government, the Deputy Treasury Secretary, Wally Adeyemo, told the American business leaders that he was just a few hours removed from arriving in New York from Lagos, Nigeria, where he was on an official visit that later became a fact-finding mission.
American Business Council President, Sops Ideriah, said that the extensive turnout at the roundtable by American Business Chief Executives served as a testament to the degree to which confidence is rising in response to the actions and words of President Tinubu’s administration with respect to ease of doing business, investment promotion, and his willingness to personally intervene where required to ease the historical concerns of American business people about doing business in Nigeria.
(Editor: Terverr Tyav)
