Tinubu Reaffirms Pro-Business Stance, Willing to Adopt Global Best Practices
President Bola Tinubu has reiterated his administration’s commitment to fostering a business-friendly environment in Nigeria. In a meeting with an Airtel delegation led by Chairman Sunil Bharti Mittal at the Presidential Villa in Abuja, Tinubu emphasized that his government is open to adopting successful economic models from other nations.
According to a statement from his media spokesperson, Bayo Onanuga, the President expressed his willingness to implement economic strategies that have proven effective globally.
“We are prepared to learn and adopt what works in other countries. If there are beneficial policies from India, we are not ashamed to implement them for the growth of Nigeria’s economy. I am pro-business and will remain committed to policies that drive economic growth,” Tinubu stated.
Tax Reforms to Attract Investors
The President assured the delegation that his government is focused on revising tax policies to create a more conducive environment for investors. He noted that the administration is working closely with tax regulators to streamline processes and encourage economic expansion.
“We are ready to collaborate with tax administrators to ensure that reforms promote business growth and investment opportunities,” Tinubu emphasized.
Government’s Commitment to Strengthening Telecommunications Infrastructure
Minister of Communication, Innovation, and Digital Economy, Bosun Tijani, acknowledged the President’s ongoing support for the telecommunications sector. He highlighted Tinubu’s recent approval of policies that recognize fiber optic and undersea cables as critical national assets. This move is expected to drive further expansion in Nigeria’s digital economy.
According to Tijani, “The Office of the National Security Adviser (NSA) has commenced implementation and enforcement of these regulations to ensure protection and sustainable growth.”
Airtel Chairman Applauds Nigeria’s Economic Reforms
Airtel’s Chairman, Sunil Bharti Mittal, commended Tinubu’s leadership, likening Nigeria’s ongoing economic transformation to India’s reform period in the early 1990s. He acknowledged the President’s bold decisions, including currency floating and subsidy removal, which have reshaped Nigeria’s economic landscape.
“Your commitment to economic reforms is commendable. India faced similar challenges in the past, and through bold decisions, we emerged stronger. Nigeria is now on the path to economic revitalization, and your leadership has been instrumental in this transition,” Mittal noted.
Mittal further encouraged Nigerian investors with significant financial resources abroad to reinvest in the country, highlighting the increasing confidence in Nigeria’s economic policies.
Global Recognition for Nigeria’s Economic Policies
Mittal acknowledged that Nigeria’s economic restructuring efforts, particularly the floating of the naira and the removal of fuel subsidies, have been globally recognized. He emphasized that these reforms, though initially challenging, have positioned Nigeria for long-term economic stability.
“The world has taken note of the remarkable progress under your leadership. Floating the naira and removing fuel subsidies were tough but necessary decisions that will yield long-term benefits for Nigeria,” he added.
Encouraging Local and Foreign Investments
Mittal expressed optimism about Nigeria’s future, stating that local and international investors are regaining confidence in the country’s economic outlook. He advised business leaders in Nigeria to take advantage of emerging opportunities and contribute to national development.
External Source and Backlink
For insights on how global economic reforms have transformed developing nations, read more from World Bank’s Economic Outlook.
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