{"id":150723,"date":"2023-06-22T19:49:53","date_gmt":"2023-06-22T18:49:53","guid":{"rendered":"https:\/\/newmail-ng.com\/?p=150723"},"modified":"2023-06-22T19:49:53","modified_gmt":"2023-06-22T18:49:53","slug":"were-ready-for-business-prepared-to-welcome-investors-to-nigeria-tinubu-tells-afreximbank-ebrd-presidents-in-paris","status":"publish","type":"post","link":"https:\/\/newmail-ng.com\/were-ready-for-business-prepared-to-welcome-investors-to-nigeria-tinubu-tells-afreximbank-ebrd-presidents-in-paris\/","title":{"rendered":"We&#8217;re ready for business, prepared to welcome investors to Nigeria, Tinubu tells Afreximbank, EBRD presidents in Paris"},"content":{"rendered":"<p class=\"yiv4907542781MsoNormal\" align=\"center\"><span lang=\"EN-US\">President Bola Ahmed Tinubu Thursday in Paris \u2013 France said ongoing reforms, starting with removal of fuel subsidy and streamlining of exchange rate, will be sustained for a more competitive economy that attracts Foreign Direct Investment (FDI), urging investors to take advantage of opportunities in Nigeria.\u00a0<\/span><\/p>\n<p class=\"yiv4907542781MsoNormal\"><span lang=\"EN-US\">\u201cWe are ready for business, prepared to welcome investments,\u2019\u2019 he said, while receiving President and Chairman of the Board of Directors of African Export-Import Bank (Afrexim), Prof. Benedict Oramah and President of European Bank for Reconstruction and Development (EBRD), Odile Renaud\u2013Basso, in separate meetings, on the sidelines of the Summit for New Global Financing Pact.\u00a0<\/span><\/p>\n<p class=\"yiv4907542781MsoNormal\"><span lang=\"EN-US\">The President assured the delegation of AfreximBank Executives led by Dr Oramah that the Federal Government will continue to stimulate the economy with policies that support investments in areas of Nigeria\u2019s competitive advantage, particularly agriculture.\u00a0<\/span><\/p>\n<p class=\"yiv4907542781MsoNormal\"><span lang=\"EN-US\">\u201cWe need reforms for national survival,\u2019\u2019 he added,\u00a0<\/span>noting that it would take boldness and courage to reposition the economy, calling for more collaboration to solidify the economy.<\/p>\n<p class=\"yiv4907542781MsoNormal\"><span lang=\"EN-US\">\u201cWe must stimulate recovery for the growth and prosperity of our people, which will not be far away. Nigeria is ready for global business and our reform is total.\u00a0<\/span><\/p>\n<p class=\"yiv4907542781MsoNormal\"><span lang=\"EN-US\">\u201cNigeria is blessed with human and material resources,\u2019\u2019 President Tinubu told the delegation, who had earlier listed areas of interventions to buoy the economy, like infrastructure, health, energy and agriculture.\u00a0<\/span><\/p>\n<p class=\"yiv4907542781MsoNormal\"><span lang=\"EN-US\">The President of AfreximBank commended<span class=\"yiv4907542781gmail-Apple-converted-space\">\u00a0<\/span><\/span>President Tinubu for the bold steps in removing the fuel subsidy and unification of the exchange rate, assuring the Nigerian leader of the full support of the financial and development\u00a0institution on the ongoing reforms.<\/p>\n<p class=\"yiv4907542781MsoNormal\"><span lang=\"EN-US\">Dr Oramah said the bank was already building the first African Specialist Hospital in Abuja, and Energy Bank, pledging to inject more money into the economy to further build confidence of investors.\u00a0<\/span><\/p>\n<p class=\"yiv4907542781MsoNormal\"><span lang=\"EN-US\">In the meeting with the EBRD,\u00a0\u00a0<\/span>President Tinubu said, \u201cWe are challenged in terms of reforms, and we have taken the largest elephant out of the room with removal of fuel subsidy, and multiple exchange rates are equally gone. We are determined to open up the economy for business. Consider us a stakeholder in the Bank.\u2019\u2019<\/p>\n<p class=\"yiv4907542781MsoNormal\"><span lang=\"EN-US\">He told the EBRD President that Nigeria\u2019s economy was too large and potent to be ignored, adding, \u201cIgnoring Nigeria will be a peril to the universe.\u2019\u2019<\/span><\/p>\n<p class=\"yiv4907542781MsoNormal\"><span lang=\"EN-US\">Renaud-Basso said it would be a mistake for the development bank not to invest in Nigeria, after considering six potential economies for investment.\u00a0<\/span><\/p>\n<p class=\"yiv4907542781MsoNormal\"><span lang=\"EN-US\">She explained that focus would be on the private sector, especially Small and Medium Scale Enterprises (SMEs).\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Bola Ahmed Tinubu Thursday in Paris \u2013 France said ongoing reforms, starting with removal of fuel subsidy and streamlining of exchange rate, will be sustained for a more competitive economy that attracts Foreign Direct Investment (FDI), urging investors to take advantage of opportunities in Nigeria.\u00a0 \u201cWe are ready for business, prepared to welcome investments,\u2019\u2019 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":149017,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,2],"tags":[60490,60491,60492,59827,49592],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>We&#039;re ready for business, prepared to welcome investors to Nigeria, Tinubu tells Afreximbank, EBRD presidents in Paris | New Mail Nigeria<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmail-ng.com\/were-ready-for-business-prepared-to-welcome-investors-to-nigeria-tinubu-tells-afreximbank-ebrd-presidents-in-paris\/\" 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