Foreign companies doing business in Nigeria have been urged by President Bola Ahmed Tinubu, who has assured them that his administration is determined to remove any barriers in their path.
The announcement was given by the president to a group of Shell Group officials, led by Ms. Zoe Yujnovich, the company’s global integrated gas and upstream director, on Thursday at the State House in Abuja.
The President’s Special Advisor on Media and Publicity, Ajuri Ngelale, signed a statement on Friday in which Tinubu expressed hope for further money from Shell Petroleum Development Company of Nigeria.
Apart from stressing the historical bond between Nigeria and Shell, which began in 1956 with the discovery of the country’s first commercial oil well, the President assured the Shell delegation that his administration will endeavor to guarantee and promote both current and new investments.
“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,” he added.
The president made these remarks in the wake of several foreign firms that had lately left the country in recent months.
As previously reported, Peter Obi, the presidential candidate of the Labour Party in the most recent general elections, voiced his dislike of multinational companies departing Nigeria, Procter & Gamble (P&G) being the most recent example.
The world’s largest personal care and household products company, which makes popular brands like Pampers and Gillette, said on Tuesday that it will cease producing its products locally and will only import them as it decreases its physical presence in Nigeria.
The former governor of Anambra State responded to P&G’s announcement of its exit by saying that the multinational companies’ withdrawal from Nigeria showed the country’s
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