Tinubu Promises Investment-Friendly Nigeria at NBC Event

On Monday, President Bola Ahmed Tinubu, represented by Secretary to the Government of the Federation, Senator George Akume, assured local and international investors at the Nigerian Bottling Company Limited (NBC) 75th anniversary event in Abuja that Nigeria is open for business. He stated that the administration is focused on creating a predictable, competitive, and investment-friendly environment, addressing practical challenges through reforms under the Renewed Hope Agenda.

Tinubu emphasized the necessity of reliable power, infrastructure, clear regulations, efficient logistics, and a supportive tax system to attract investments. He welcomed Coca-Cola System's announcement of a potential US$1 billion investment in Nigeria over five years, following a previous US$1.5 billion investment.

The President expressed that the administration is interested not only in the volume of capital but also in its impact on job creation, skills development, and local sourcing, aiming to reduce dependence on imports and enhance domestic manufacturing.