President Bola Ahmed Tinubu has pleaded with foreign corporations doing business in Nigeria, telling them that his administration is committed to removing any obstacles standing in their way.
The president made this announcement on Thursday at the State House in Abuja to a visiting team of Shell Group executives, which was led by Ms. Zoe Yujnovich, the company’s global integrated gas and upstream director.
In a statement released on Friday and signed by Ajuri Ngelale, the President’s Special Advisor on Media and Publicity, Tinubu expressed optimism about the possibility of more funding from Shell Petroleum Development Company of Nigeria.
In addition to highlighting Nigeria’s historic relationship with Shell, which dates back to 1956 when the nation’s first commercial oil well was discovered, the President gave the Shell delegation his word that his administration will work to ensure and fostering both existing and new investments.
“We have made progress since our last meeting. I will continue to support and encourage you on this path.
“There is no doubt that there is a significant focus on investment in and around the continent. I am spearheading Nigeria’s global march for new investments at home.
“In view of our long-term relationship that has been established over the years, we want you to do more, and we are ready to encourage you in every way possible,” he added.
The president’s comments came after a number of international corporations had recently left the nation in recent months.
As previously reported, Peter Obi, the Labour Party’s presidential candidate in the most recent general elections, expressed disapproval of multinational corporations leaving Nigeria, the most recent of which was Procter & Gamble (P&G).
As it reduces its physical presence in Nigeria, the largest personal care and household products firm in the world—which produces well-known brands like Pampers and Gillette—announced on Tuesday that it will stop producing its goods locally and instead import them exclusively.
In response to P&G’s announcement of its departure, the former governor of Anambra State stated that the multinational corporations’ departure from Nigeria demonstrated the nation’s
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