Tinubu Envisions Nigeria As Agricultural, Industrial Power-House

President Bola Ahmed Tinubu has disclosed that his vision for Nigeria is to sustain the monumental necessary steps to transforming Nigeria into an industrial and agricultural powerhouse, addressing the needs of its citizens.

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 they were 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.”