President Bola Tinubu yesterday gave fresh assurance to global oil and gas investors of the federal government’s resolve to provide an enabling environment for them to invest in the sector and easily repatriate their investments when necessary.
The president vowed to address all bottlenecks standing against investments and operations in the nation’s oil and gas industry, promising investors of providing them with attractive fiscal frameworks and business-friendly regulations.
Tinubu gave the assurances while delivering his keynote address at the official opening ceremony of the 8th Nigeria International Energy Summit (NIES) in Abuja themed: “Bridging Continents: Connecting Investors Worldwide with Africa’s Energy Potential.”
Represented at the event by the Minister of State for Finance, Doris Uzoka-Anite, Tinubu expressed his confidence in Nigeria’s potential to be a global powerhouse in the energy sector, driven by strategic reforms, innovative policies and steadfast commitment to sustainable development.
“As many of you are aware, we are currently implementing a series of comprehensive reforms in our fiscal and tax policies. These reforms are designed to create a more business friendly environment and attract both local and international investments by simplifying our tax regulations, offering incentives and ensuring a more transparent and predictable fiscal framework.”
