Nigeria’s President Bola Tinubu has assured investors that his administration is creating an environment for the private sector to thrive in, while stating that ongoing reforms by his government will improve the ease of doing business.
President Tinubu stated this on Tuesday in Abuja when he received a delegation from the global fast-moving consumer goods company, Reckitt Benckiser, which assured him that they will continue to grow their investments in Nigeria.
This is just as the Chief Executive Officer, Reckitt Benckiser, Mr. Kris Licht, described Nigeria “as an important business destination for today and the future.’’
May 29 marks the first anniversary of President Tinubu’s administration.
Receiving the Reckitt Benckiser delegation led by Licht, and Chief Olu Falomo, Chairman of Reckitt Benckiser Nigeria Limited, President Tinubu lauded the company for its over 60 years of investment in Nigeria and commitment to the country’s development.
According to a statement from the Presidency, Tinubu told the delegation, “We are creating an environment for the private sector to thrive in. I am glad that you are here to stay for the long term. I am happy that you have been in the country for many years, and you have decided to invest more. We have embarked on challenging reforms to improve the economy. Our reforms will improve the ease of doing business for partners like you moving forward.”
Tinubu assured investors of good returns on their investments, supported by a buoyant market and a large population.
In his remarks, Mr. Licht described Nigeria as a very important country to the company, saying: ‘‘We have had very good business here for many years, and we congratulate you on your first year in office. We see Nigeria as an important business destination for today and the future.’’
Similarly, Chief Falomo restated the company’s long-standing commitment to Nigeria, noting that ‘‘We have asked our global team to come and assure you that we back your efforts. They have said they are not going anywhere. We are here to support this government.’’
