President Bola Tinubu has provided reassurance to prospective Indian investors regarding the substantial financial gains that can be achieved through investment in Nigeria.
According to The PUNCH, he based this on his promise that his government would remove every obstacle that stands in the way of their ability to conduct business in the nation.
“I am here to personally assure our friends and investors that there is no bottleneck that I will not break. Nigeria will become one of the most conducive places on earth to make good profits and create lasting jobs,” Tinubu told the Chairman and CEO of the Hinduja Group of Companies, Gopichand Hinduja, a conglomerate with a total asset portfolio exceeding $100bn.
“The Indian Industrialist was received by the President within 90 minutes of the President’s arrival in India for a meeting, which began around 8:00 pm local time,” read a statement signed by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale.
The statement is titled, ‘President Tinubu Arrives India and heads straight into top-level investment meeting with Hinduja Chairman after 15a -hour journey’.
Tinubu, who was accompanied to the meeting by Nigeria’s Ministers of Finance, Trade & Industry, and Foreign Affairs, explained to his first visitor, Hinduja, that he was in India to attract investments to Nigeria with lucrative opportunities for investors, but more importantly, jobs for Nigerians and new revenue opportunities for Nigeria’s federal and sub-national governments.
“We are here for business. With my support, nothing is standing in your way of enjoying the unrivalled opportunities presented by our massive market and the ingenious & hardworking nature of the Nigerian people. We are open for business,” he stated.
The Chairman of the Hinduja Group informed the President that he personally observed the significant achievement made by the President during his tenure as Governor of Lagos. Specifically, the President successfully transformed a critical situation involving coastline erosion and water intrusion into a very prosperous free trade zone, which has facilitated the growth and development of many industries.
According to his statement, he expressed that this factor played a role in his enthusiasm to collaborate with the newly elected President of Nigeria in order to foster mutually beneficial economic growth for the country’s skilled individuals.
“We believe in you as a leader who has done this before. You know what the challenges are. You know how to fix them.
“We are going to make investments into the billions of dollars under your leadership because we see you are already addressing the systemic problems. I am ready now to sign an MoU and to begin execution.
“You tell me who to liaise with and we will get to work immediately, particularly concerning bus and automobile manufacturing in Nigeria, amongst other areas,” the industrialist said.