President Bola Ahmed Tinubu has told Indian investors not to procrastinate over a $14 billion investment pledge to Nigeria.
On Wednesday, Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, said Tinubu disclosed this during the Nigeria-India Presidential Roundtable in New Delhi on the sidelines of the G20 Summit.
“We are ready to give you the best returns for investment possible; there’s nowhere else like our country. Nigeria offers the best returns for investment today, so invest now.”
Tinubu expressed gratitude to all Indian companies and individuals who have responded positively to his administration’s efforts to improve Nigeria’s macroeconomic and investment climate.
“Do not procrastinate. Don’t be frightened about investments in Nigeria. Bring it on. Ask your questions and make your requests. The trade and investment opportunities are enormous. I have a team, and I am the captain of that team, and I assure you that we solve problems,” the President affirmed.
Prospective investors were informed by the President that in Nigeria, there is no free lunch or shortcuts but that he has “good economic policy for the investors as well as able men and women in leadership and on the ground, who can drive the goal of broad prosperity through investment and infrastructure.”
“I will captain and lead the course of investment, development, and prosperity for the largest democracy in Africa and for investors from the rest of the world,” the President added, reiterating that Nigeria is open for business with intelligent, innovative, capable, and highly committed individuals in government, who are ready to drive the largest economy in Africa to destiny.
The President also told the Summit that “he is proud” that the Nigerian stock market had broken records in its consistent bullishness since he assumed office.
On behalf of investors, the Chairman of Bharti Enterprises, Mr. Sunil Bharti Mittal, told the President, “You have unified the FX market. You have freed up crucial capital to upgrade your public infrastructure. You have just dropped your prepared remarks and spoken from your heart. Our investors have heard from a leader doing everything possible to
attract capital to Nigeria to benefit Nigerians and our companies. Mr. President, we will bring these investments to Nigeria, and with your inspiring leadership style, we can only do more and more.”Tinubu departed Nigeria for the G20 Summit in India.
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