TheCable

President Bola Ahmed Tinubu has reiterated his commitment to ensuring consistency in policy and a better business climate to attract investment.

Tinubu gave the assurance while receiving a delegation from the Shell Petroleum Development Company (SPDC) in Abuja on Monday.

The visit was led by Zoe Yujnovich, SPDC’s global upstream director, according to a statement by Dele Alake, special adviser to the president on special duties, communication, and strategy.

Speaking at the meeting, the president welcomed the SPDC’s offer for more investments in the Nigerian oil and gas sector, adding that such investments are needed now more than ever, to enable the government meet its obligations.

He said attracting investments was “a promise I made personally to Nigerians. Whatever it takes, I will fulfill that promise to Nigerians.”

Tinubu assured Shell’s management that Nigeria was ready for business.

He also assured the investor community of his administration’s willingness to maintain an open-door policy and address their concerns.

“We are open for business. We are serious. I give you the assurance of consistency in policy,” he said.

Tinubu said his government was removing all forms of bottlenecks in order to ensure that Nigeria becomes an attractive investment destination.

On her part, Yujnovich lauded the president for his effort to make the country environment-friendly for investors.

She described it as an “incredibly strong start” of the presidency and expressed her optimism about the moves made so far.

“The bold step taken by the government would renew Nigeria’s pride of place as an investment destination,” she said.

Yujnovich said the SPDC was willing to ramp up investment in the country especially in the areas of gas and deep-water assets by pumping in billions of dollars.

She stressed that Nigeria remains a strategic investment country for the company in view of the long history between the two entities and the prospects held by the county’s oil and gas sector.