President Bola Tinubu says investors can now confidently invest their funds in Nigeria without “fear”.
Tinubu spoke on Tuesday at the National Association of Securities Dealers Automated Quotations (NASDAQ) where he rang the closing bell.
On September 11, the president was invited by the United States Chamber of Commerce to perform the act at the stock exchange market, based in New York.
Speaking at the event, Tinubu said critical decisions and steps have been taken to ensure that foreign investors get their returns.
The president also asked investors to put their fears aside, assuring them that they are “free to take in your money and bring out your money”.
“It’s a great honour for me to be here. I am happy to bring Nigeria to your doorsteps and honoured that we’re here today with a bubbly market that will evolve [in] the West Africa sub-region,” he said.
“The greatest economy is Nigeria, there is an immense opportunity in Nigeria that you can invest your money without fear.
“We’ve removed a lot of bottlenecks and we’ve cleared subsidy that are corrupt. And we have also retooled the exchange rate to a reliable, dependable figure, floating up the exchange naira.
“You’re free to take in your money and bring out your money. I count on you to invest in Nigeria.”
VIDEO: Tinubu rings closing bell at NASDAQ, says opportunities abound in Nigeria for investment
🎥: @NasdaqExchange pic.twitter.com/FRnnQcNhhB
— TheCable (@thecableng) September 20, 2023
On his part, Scott Eisner, president of the U.S-Africa Business Center, expressed confidence in the new trading links and partners at the chambers.
Eisner said the chambers look forward to the opportunity to share in the future of the US-Nigeria relationship.
“At the chamber, we stand for small and medium-sized enterprises, the actual pillar of what Nigeria is built on,” he said.
“With the president’s vision and his compassion for those that are investing in his community, I think we share in a very bright future to achieve everything that he and our country have in the future.”
Recently, the Nigerian president has made efforts to improve the investment climate for investors, sending a strong message to the global investing community that the country is open for business.
Source: Top Stories