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EASE OF DOING BUSINESS REFORMS:
13. The Presidential Enabling Business Environment Council (PEBEC) has continued to implement key reforms with the removal of bureaucratic and legislative constraints aimed at attracting investments with the improved business climate in Nigeria. These reforms include automating regulatory processes, enhancing transparency and streamlining port and trade operations.
INVESTMENT INCENTIVES:
14. Primarily through our investment promotion commission, Nigeria offers various incentives to attract investments such as tax holidays, capital allowances, and investment deductions for certain industries; as well as export expansion grants for non-oil exporters.
15. In addition, we offer Tax-Free periods, Duty-Free Imports for priority projects, Credit Guarantees and Free Trade Zones to stimulate economic growth through investment.
16. Your Excellencies, Captains of industries and business operators, Distinguished Ladies and Gentlemen, permit me to once again to state that Nigeria – a country of over 200 million people – Africa’s largest market, massive natural resources, a robust and skilled youth population and the most hospitable people in Africa is a place of destiny and greater economic import.
17. I do not have to ask you to invest in Nigeria. The facts have already stated the case. What I can tell you is that my government will do everything reasonably possible to make any such investment of mutual and enduring benefit.
18. Thank you for your attention.
Delivered by:
Asiwaju Bola Ahmed Tinubu, GCFR
President of the Federal Republic of Nigeria
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