President Bola Tinubu, on Thursday, made another pitch to the global investors to make Nigeria their preferable destination, citing the great potentials of Nigeria as a viable entity with great potentials but the various measures his government has put in place towards removing the stumbling blocks, hitherto hampering the operations of foreign investors.
Tinubu, who particularly cited the cleaning up of the foreign exchange market to enhance the ease of doing business, also highlighted the determination of the government through the Central Bank of Nigeria (CBN) to ensure that such investors were able to repatriate their profits back to their countries.
The President, who currently on official visit, told his audience at the Nigeria-Netherlands Business and Investment Forum in The Hague, that bilateral partnerships must be mutually beneficial, transformative, and translate into real gains for ordinary citizens.
Emphasising the pivotality of stronger ties between Nigeria and the Netherlands, he said both countries must explore more creative channels of collaboration, whether it is through partnerships, joint ventures, or strategic alliances in order to build bridges that connect markets and facilitate the flow of goods, services, ideas and peoples.
Dwelling on the reforms of his government, regarding Foreign Direct Investment, (FDI), he listed: “The cleaning up of our foreign exchange market to make it more transparent for seamless business transactions, removal of the fuel subsidy, and the readiness of the Central Bank of Nigeria to provide the necessary window to allow foreign companies repatriate their profits, among others.”
Stressing that the improved business milieu in Nigeria was making the country an investor’s paradise, he urged businessmen and women to take advantage of these opportunities for mutually rewarding economic partnerships between Nigeria and the Netherlands.
His words: “I am delighted and honoured to be at this occasion of the Nigeria-Netherlands Business Forum. This is a platform that symbolizes the potential for collaboration and partnership between our two nations. It is worthy to note that while this forum seeks to highlight and advance the potential of mutually beneficial partnerships, I wish to state here that we must also ensure that the partnerships are creative and transformative in such a manner that the ordinary citizens of our countries can reap verifiable gains.
“It is on record that Nigeria and the Netherlands have established business ties for decades. There is every need to re-invigorate this relationship. This is a call for creativity on the part of all of us. Our countries possess unique strengths and resources. It is through collaboration that we can harness these strengths, unlock new opportunities, and drive economic development.
“Together, we have the potential to create synergies that will benefit our present and future generations. We must endeavour to replicate the success stories of various Dutch companies and enterprises by learning and sharing their experiences and approaches for the benefit of all.
“As the world braces up for today’s economic challenges, which in many ways affect our two countries, a creative approach to the search for investment-minded solutions will prove to be the most viable path to the level of sustainable development that we all desire.
“In line with the above vision, I believe that we must endeavour to push this narrative into our daily business activities and to move toward industrial value addition, agribusiness, innovative technology, green energy, marine economic expansion, as well as solid mineral exploitation and processing.”
Emphasising that relations between Nigeria and the Netherlands will henceforth set a new tone and foundation for stronger economic ties between both countries, he added: As we engage in discussions and negotiations today, let us do so with a spirit of openness, trust, and mutual respect. Let us listen to one another, learn from each other, and find common ground that will allow us to move forward together in pursuit of our shared prosperity.”