President Bola Ahmed Tinubu has assured foreign investors of predictable fund repatriation as well as tax reform.
The President made the guarantee on Friday at the State House in Abuja, where he received Letters of Credence from Hungarian Ambassador Lorand Endreffy, Rwandan High Commissioner Christophe Bazivamo, and Ukrainian Ambassador to Nigeria Ivan Kholostenko.
He urged them to prioritize the development of new trade frontiers that would be mutually beneficial as they carried out their responsibilities in the country.
When he met with Rwanda’s High Commissioner, the President stated that long-standing concerns about stuck cash were being addressed, and that the funds will be handled swiftly for release.
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“On the continent, we are one family.” We shall keep promoting democracy and decent governance. I will maintain an open door policy, and the Foreign Minister and Chief of Staff are also available. To avoid confusion, we are already working on issues of double taxation, which will be adequately simplified to promote corporate growth. “Nigeria is home and a safe haven for investors,” the president stated, according to a statement issued by his spokesman, Ajuri Ngelale.
The Rwandan High Commissioner stated that the Rwandan government was ready to strengthen bilateral relations with Nigeria through new visa rules and trade agreements.
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At the occasion, Tinubu asked Hungary’s Ambassador to explore all prospects for partnership, particularly in agriculture and food security, as well as how to harness the country’s technological experience.
“Many thanks for looking after our students in your country.” We are a large country with enormous potential to sustainably boost economic growth. “We are ready to improve relations, particularly in agriculture and food security,” the President stated.
The Hungarian ambassador praised the President for his bold and strategic actions to reposition the Nigerian economy, naming education, agriculture, food security, security, and medical technology as areas of collaboration.
“My Prime Minister always says that our relationships are built on mutual respect,” he explained.
Tinubu also assured the Ukrainian Ambassador that Nigeria will always work for global peace and harmony.
“We are praying for you. The President stated, “We will continue to support good governance and democracy.”
