President Muhammed Buhari has assured foreign companies of a safe and smooth environment for businesses to thrive in the country.
Buhari urged French companies to take advantage of the investment opportunities in the country.
He made the appeal during the Nigeria International Partnership Forum in Paris on Wednesday.
He affirmed that the France-Nigeria bilateral relations are currently at best and advised french business owners to take advantage of the opportunities available.
”I can assure you that our administration is on the right path to achieving multi-sectoral progress. We have revitalised the economy by increasing investments in capacity building, health, infrastructure, women’s empowerment, climate change, and food security.
“Today, these actions are yielding self-employment, expanding our human resource pool and strengthening our national productivity for sustainable development.
“Most recently in Glasgow and earlier in Riyadh, I stressed the importance of international cooperation in addressing the diverse challenges triggered by the COVID-19 pandemic,” he added.
”So far, we have made significant investments in railways, seaports, roads, renewable energy, housing, and many others attractive to prospective investors.
“In the oil and gas sector, I recently signed the Petroleum Industry Act (PIA). The legislation, which is expected to serve as a liberalising force in the industry, introduced incentives such as tax holidays, zero-interest loans, and easy repatriation of profits,” he said.
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