Nigerians Are The Greatest Asset Of The Nation – Tinubu

President Bola Tinubu told international investors on Monday in Berlin, Germany, that Nigeria’s people, who are highly educated, highly skilled, and naturally industrious, are the country’s primary asset and advantage in the global race for new investments.

The President appeared on a panel titled “Fostering Local Value Chains and Investments in Africa – The Role of the German Private Sector” at the G20 Compact with Africa Economic Conference, which was sponsored by German Chancellor Olaf Scholz.

While maintaining the rule of law is important for attracting foreign investments, the President said that Nigeria’s vibrant youth population and well-educated population constitute the strongest incentive provided to investors towards the mutually beneficial replication of China’s economic rebirth.

“We are dogged in our pursuit of natural gas development today, in tandem with hydrogen production for tomorrow. The world knows Nigeria as a leader in the energy sector. Our vast gas deposits and business-friendly environment make us an attractive investment destination. But we are going a step further now. We are creating fiscal responsibility and tax reforms as we reform our financial institutions to expeditiously accommodate foreign investments.

“We are eager and ready to partner with you. We have the youngest, largest, and most vibrant youth population in Africa. Equally, we have every ingredient required in the making of a modern economy: a well-educated population, a massive market, and the political will to bring it all together under my leadership.

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“Africa has moved beyond the false past notions of business disincentivization and poor adherence to the rule of law. We now fully recognize the nexus between the inflow of investor money and the sanctity of contracts. We want to partner on the basis of who we are and what we do, rather than on the basis of long-held misconception,” the President stated.

President Tinubu informed the summit of the country’s deliberate shift towards developing labour-intensive sectors of the Nigerian economy in order to create massive job opportunities, as well as a renewed emphasis on technological progress and new opportunities in Nigeria’s rapidly expanding information and communications technology space.

The President told potential investors that Nigeria has moved past restrictive regulations and that capital may now be transferred freely in and out of the nation, giving investors flexibility.

“Nigeria has consolidated on its democracy with several consecutive handovers of power. There is stability and predictability in the socio-political development of our country, which provides a conducive atmosphere for business operations and investment. Your money is safe. Since I assumed office in May 2023, we have embarked on transformative changes, removing all obstacles hindering businesses. We are reforming the economy based on the principle and philosophy of good governance,” the President confidently affirmed.

He asked German businesses to take advantage of investment opportunities in several industries following the successful visit of the German Chancellor to Nigeria in October while urging German automobile firms to construct production operations in Nigeria.

Earlier, German Chancellor Olaf Scholz emphasised the dynamic and evolving character of the world’s economic interactions between established and developing nations, as he positioned Germany to strengthen its engagement with Nigeria and Africa on a mutually advantageous basis.