President Bola Tinubu, on Tuesday, received strong assurances from global consumer goods giant, Reckitt Benckiser, that the company will continue to expand its investments in Nigeria.
The commitment was made during a meeting with a delegation from Reckitt Benckiser, including CEO Kris Licht and Chief Olu Falomo, Chairman of Reckitt Benckiser Nigeria Limited.
President Tinubu expressed his appreciation for the company’s longstanding dedication to Nigeria, which spans over six decades.
He highlighted the government’s ongoing efforts to create a conducive environment for the private sector to thrive.
His words: “We are creating an environment for the private sector to thrive in. I am glad that you are here to stay for the long term.
“I am happy that you have been in the country for many years, and you have decided to invest more.
“We have embarked on challenging reforms to improve the economy. Our reforms will improve the ease of doing business for partners like you moving forward.”
President Tinubu assured investors that Nigeria offers robust returns on investments, buoyed by a large and dynamic market.
Mr Licht reiterated Nigeria’s significance to Reckitt Benckiser, acknowledging the country’s vital role in the company’s global operations.
“We have had very good business here for many years, and we congratulate you on your first year in office. We see Nigeria as an important business destination for today and the future,” Licht stated.
Chief Falomo reiterated the company’s unwavering commitment to Nigeria, confirming support for the current administration’s efforts.
“We have asked our global team to come and assure you that we back your efforts. They have said they are not going anywhere. We are here to support this government,” he affirmed.
Recall that the Tinubu-led government recently seized the opportunity at the G24 meeting in Washington, D.C., to showcase investment opportunities in the country, particularly in the infrastructure and manufacturing sectors.
Ben Akabueze, Director-General of the Budget Office, delivered a presentation on behalf of the government at the meeting.
Akabueze declared that Nigeria’s determination to navigate its fiscal challenges and create an environment conducive to investment and economic development is on course.