Nigeria a Prime Destination for Investors – Tinubu
President Bola Tinubu has declared that there is no better time for investors to come and invest in Nigeria than now.
Speaking at the maiden Bauchi Investment Summit, Tinubu highlighted the country’s potential for growth and assured investors of a conducive business environment. Represented by Vice President Kashim Shettima, the president emphasized that Nigeria’s external reserve has risen to $43 billion in September, a significant increase that demonstrates the country’s economic stability.
According to Tinubu, Bauchi state is an ideal location for investments, particularly in climate-smart agriculture and commercial outgrower skills, due to its vast arable lands. The state’s natural assets and cultural heritage also present opportunities for tourism and hospitality, while its renewable and gas potentials could power industrial processes through public-private partnerships. The president urged prospective partners to engage with state governments and relevant federal government agencies to access support.
Tinubu commended Governor Bala Mohammed for organizing the summit and nationwide road show to showcase the investment opportunities in Bauchi state. Mohammed promised to make the state a safe haven for investors, assuring them that their investments would be protected and valued. Mohammed outlined plans to improve water resource management in the state, leveraging solar and gravity systems to provide water at minimal cost to all local government areas.
President Tinubu’s call to investors comes on the heels of Nigeria’s impressive economic growth, with a GDP growth rate of 4.23% recorded in the last month. Oil revenues have also increased by 411%, further boosting the country’s economy.
The Bauchi Investment Summit provides a platform for stakeholders to explore investment opportunities in the state and discuss ways to optimize investment partnerships.
Tinubu’s assurance of a conducive business environment is expected to boost investor confidence and attract new investments to the country.
The summit is a testament to the government’s commitment to promoting economic growth and development through strategic partnerships and investments. As Nigeria continues to implement policies aimed at stabilizing the economy and promoting growth, investors are taking notice of the country’s potential. With its vast resources and growing economy, Nigeria is an attractive destination for investors looking to tap into new markets and opportunities.
