President Bola Tinubu has called on Standard Chartered Bank to work with his administration for the purpose of developing Nigeria.

Tinubu said his ongoing repositioning of the economy will receive a boost as he conducts an intensified removal of all bottlenecks in the way of efficient business startup and administration in Nigeria.

Receiving the Managing Director of Energy and Natural Resources in Europe, Africa and Middle East for Standard Chartered Bank, Ade Adeola, at the Presidential Villa in Abuja on Wednesday, August 16, 2023, Tinubu said his administration was already working hard on making a difference in attracting investments.

The president said: “We are committed to strengthening partnership, encouraging efficiency, and creating a suitable environment for investors. We are already working hard on security.

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“We will improve efficiency across the board for good input and output, and we will build a very friendly environment for growth and investments.”

He stated that tax reforms were being undertaken with a close observance of best practices across the globe, which he said would favour businesses for the collective prosperity of the nation.

“We are open for business. We believe in partnership, and we will work with all those interested in the progress of Nigeria,” President Tinubu added.

In his remarks, Adeola said the bank had been committed to enabling investments in Nigeria for many years while focusing on energy and natural resources with a huge portfolio in funding for the oil and gas industry.

“We are very excited about your leadership, and we want to restate our commitment to the growth of Nigeria,” he said.

Adeola further disclosed that the bank supports investments of about $2 to $3 billion annually.

The Star