Nigeria is open for business, working to make environment more supportive -Tinubu

President Bola Tinubu has reassured local and foreign investors that Nigeria is still an open market for business opportunities. Speaking at the 75th anniversary event of the Nigerian Bottling Company Limited in Abuja, the President highlighted his administration's efforts to build a more stable, competitive, and investor-friendly business climate.

Tinubu acknowledged the obstacles businesses face and said his government is tackling these issues through reforms under the Renewed Hope Agenda. He emphasized that investors need dependable power and infrastructure, consistent rules, efficient transportation, access to foreign currency, and a tax system that promotes productive business practices.

These aspects play a significant role in an investor's decision-making process regarding potential expansions, new production lines, and job creation. The administration's economic reforms were driven by the need to establish a more productive and competitive economy that reduces reliance on imports, boosts domestic manufacturing, and provides more opportunities for Nigerians.

The President expressed delight over the Coca-Cola System's recent announcement of a potential $1 billion investment over five years, adding this to the $1.5 billion invested during the previous decade. He stressed that the government is not only interested in the amount of capital coming into the country but also in how these investments affect employment, skill development, local sourcing, technology transfer, and domestic productivity.