Tinubu woos investors at Nigeria-US business roundtable
According to him, the turnouts served as a testament to the degree to which confidence is rising in response to the actions and words of the President.
President Bola Tinubu. [Guardian]
Recommended articles
![Comptroller General of the Nigeria Immigration Service (NIS), Caroline Wura-Ola Adepoju. [Twitter:@NTANewsNow]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Comptroller General of the Nigeria Immigration Service (NIS), Caroline Wura-Ola Adepoju. [Twitter:@NTANewsNow]")
At the Nigeria-U.S. Executive Business Roundtable, the President said he recognised that investment capital is cowardly in nature.
He said that was the reason behind his bringing successful Nigerian industrialists and public officials to share their experiences and operational plans, respectively.
Tinubu said this was in addition to all he had done to boost the confidence of the global investment community in Nigeria, by reforming the fiscal, monetary, regulatory and tax policy environment.
ADVERTISEMENT
“Nigeria is an opportunity that is impossible to replicate or find elsewhere in any part of the world. We have brilliant young people who both innovate and consume at a large scale.
‘’Our entrepreneurial spirit is a major part of what makes our market totally unique, aside from demography.
‘’Nigerians build businesses and Nigerian businesses partner with other businesses to conduct larger business.
‘’There is enough value to spread around. Be careful of what you hear about Nigeria. You may be dissuaded out of a major opportunity that others will take up.
‘’We are here for you. We will give you all the support you need to succeed and succeed abundantly,” the President said.
ADVERTISEMENT
On behalf of the U.S. Government, U.S. Deputy Treasury Secretary Wally Adeyemo, told U.S. business leaders he came back from Nigeria on an official visit that later became a fact-finding mission.
“In Lagos, I saw, first-hand, some of the major reforms you implemented as the Governor of Lagos and the transformative effect on Nigeria’s commercial capital.
‘’People have attested to the fact that the reforms you have put in place as President are quickly enhancing confidence.
‘’American business is paying attention to that and from what we have seen for ourselves, Nigeria is proving to be a new frontier for investment.
‘’We will encourage our companies from our end as those reforms continue to deepen,” Adeyemo said.
ADVERTISEMENT
The American Business Council President, Sops Ideriah, said that the extensive turnouts at the roundtable by American business chief executives was impressive.
According to him, the turnouts served as a testament to the degree to which confidence is rising in response to the actions and words of the President.
He said that this was with respect to ease of doing business, investment promotion, and his willingness to intervene to clear the historical concerns of American business people about doing business in Nigeria.
“Having all the stakeholders in the room, His Excellency, the President of Nigeria being here, from government actors at the federal and state level to ministers and tax authorities present, as well as private sector industrialists in Nigeria.
‘’We are very positive about the potential of Nigeria and we are just reinforcing to our colleagues the message about the economic opportunities that exist there,” Ideriah said.
ADVERTISEMENT
Acting Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, assured the American captains of industry that the nation’s apex tax authority would not focus on taxing the seed.
He said it would focus only on the proportionate taxation of the fruit of fully formed industry, through efficient policy synergy with Nigeria’s sub-national authorities.
“The President is a business enabler, not a handicapper. Everything we do will be geared toward making your tax assessment and payment processes as digitally efficient and transparent as possible.
‘’We are not after the seed, but the fruit and we will keep to this commitment,” Adedeji said.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Nigeria Immigration Service, CG orders investigation into allegations of passport racketeering
Governor Mbah solicits continuous support for families of fallen heroes
Aisha Babangida, NDLEA calls on parents to curb social vices in children
NiMet predicts 3 day dust haze, sunshine across Nigeria
FG releases 11 inmates in 4 custodial centres in Enugu State
AfDB, GGBI partner to strengthen Africa’s green bond market
Enugu Electricity Distribution Company announces 5-day power outage
FG to deploy 100 electric buses for carbon-neutral future
FG approves promotion for 32,361 security, service personnel
Pulse Sports
Shelly-Ann Fraser-Pryce: Track legend signs mouthwatering deal with luxurious wristwatch brand
Sha'Carri Richardson: World's fastest woman reportedly bags $20,000,000 endorsement deal
She needs a break - Super Falcons coach explains Ashleigh Plumptre's absence from team
Sergio Ramos makes Champions League history 31 years after Daniel Amokachi
Thiago Silva recalls TB fright ahead of Chelsea debut
ADVERTISEMENT
![15,750 teachers write professional qualifying examination [The Punch]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "15,750 teachers write professional qualifying examination [The Punch]")