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Home Nigerian News

Tinubu begs multinational companies not to leave Nigeria

Nigerian Canadian Newspaper Canada by Nigerian Canadian Newspaper Canada
December 9, 2023
in Nigerian News
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Tinubu meets with NLC, TUC leaders amidst protest

Nigeria’s President, Bola Ahmed Tinubu, has begged multinational companies operating in Nigeria not to leave the country.

Tinubu said his administration was determined to eradicate every bottleneck to the smooth running of their businesses and added that no obstacle is too big to be removed to make Nigeria a safe-haven for big investments.

While speaking to a visiting delegation of the management of Shell Group led by its Global Integrated Gas and Upstream Director, Ms. Zoe Yujnovich, at the State House, Abuja, Tinubu said: “We are very focused on resolving all investment-related issues. There is no bottleneck that is too difficult for us to remove in our determined march toward making Nigeria the African haven for large-scale investment in all key sectors. We need each other.”

In a recent statement signed by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale, Tinubu expressed optimism in the potential for increased investment from Shell Petroleum Development Company of Nigeria. 

He talked about Nigeria’s longstanding ties with Shell, which date back to the discovery of the country’s first commercial oil field in 1956 and assured the Shell delegation of his administration’s commitment to securing and fostering both existing and new investments.

He said: “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.”

This came at a time when many multinational companies are leaving Nigeria.

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