President Bola Ahmed Tinubu on Saturday in Riyadh, Saudi Arabia, assured potential investors of the free flow of their funds in and out of Nigeria, saying the bottlenecks that created the impasse was long gone. Tinubu premised his assurances on reforms by his administration, particularly the discontinuance of petrol subsidy and the unification of the exchange rate. Declaring Nigeria “open for business”, the President said, “I believe in this team that I have brought from Nigeria. “We took on those bold endeavours from day one in preparation for serious investors like you seated here.”He told the Saudi business community that Nigeria had the ripe market and human capital for investors to prosper. “We know you are ready for business, so we do not want to come to Nigeria for any exploratory discussion.

Source: Punch November 12, 2023 10:03 UTC