President Tinubu Envisions Nigeria As Industrial, Agricultural Power-House

The President stated this while speaking at the Nigerian-France Business Forum,held in Paris, France.

President Tinubu also told the forum that his administration has created an enabling environment to attract Foreign Direct Investment (FDI) into the critical sectors of the economy such as Infrastructure, Oil and gas, Agriculture, Renewable energy, Solid minerals development, and Trade and investment.

The Nigerian Leader called on France investors to take advantage of the opportunities to promote private sector engagements specifically in critical sectors of the economy.

“ I wish to confirm that the hand of partnership is extended to prospective investors from your great country to take advantage of this opportunity to promote private sector engagements, particularly in critical sectors of the economy.”

President Tinubu listed the key reforms to include the removal of bureaucratic and legislative constraints , he stated that the was aimed at attracting investments with the improved business climate in Nigeria.

Other reforms mentioned by the President included the automating of regulatory processes, enhancing transparency and streamlining port and trade operations.

“Primarily through our investment promotion commission, Nigeria offers various incentives to attract investments such as tax holidays, capital allowances, and investment deductions for certain industries; as well as export expansion grants for non-oil exporters.”

The President also mentioned tax free period ,duty free Imports for priority projects and credit guarantees as well as free trade Zones as part of strategies deployed to stimulate the nation’s economic growth through investment

“In addition, we offer Tax-Free periods, Duty-Free Imports for priority projects, Credit Guarantees and Free Trade Zones to stimulate economic growth through investment.

Speaking on his economic vision, President Tinubu announced that the Nigerian economy is turning progressively,responding to the ongoingbreforms enacted so far.

The President noted that his administration has embarked on key fiscal and monetary policies in order to create a foundation that will allow for greater and more sustained growth in the future.

Integral to this development, President Tinubu identified increasing Foreign Direct Investments (FDI).

“We have embarked on key fiscal and monetary policies in order to create a foundation that will allow for greater and more sustained growth in the future. Integral to that future shall be Foreign Direct Investments (FDI).

“Already, there are signs that our economy is turning the corner and is starting to positively respond to the reforms thus far enacted.

The Nigerian Leader affirmed that the utmost interests of the country are best protected as his administration continues to institute policies that will create wealth for the citizens.

President Tinubu also highlighted the focal points of his administration, he said the Renewed hope agenda is anchored on Diversification of the economy, Education, Healthcare, National Security, Anti-corruption and Good Governance, Infrastructural Development.

He noted stressed that the timing of the Business Forum was apt,following the opportunities it showcased such as

 presenting some of the growth indicators of the Nigerian economy and explore diverse areas of opportunities and partnerships in Key Sectors.

The key sectors of deliberations during the Nigeria-France Business Forum included Agri-Food, Oil and Gas, Logistics, Banking, Energy, ICT, and Infrastructure.

These critical aspects of the economy the President said will further boost existing relations between Nigeria and France.