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Nigeria is a top-level destination for investments: Nigeria’s President Tinubu

President Bola Tinubu of Nigeria has assured foreign investors that his administration is determined to improve the investment climate in the country.

“We are committed to removing all cobwebs and anti-investment impediments in the oil and gas industry,” said the President on Monday when he hosted the group chairman and CEO of Total Energies Worldwide, Patrick Pouyanne.

Despite being the largest economy in Africa, Nigeria is facing a mass exodus of multinational companies, including global pharmaceutical company GlaxoSmithKline (GSK), and American consumer goods giant Procter & Gamble (P&G).

Yet, Tinubu remains optimistic that “Nigeria remains a top-level investment choice in the dynamics of the offshore and onshore sectors.” He corroborated his earlier remarks that his government is determined to make Nigeria “the African haven for large-scale investment in all key sectors.”

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Ezinwanne Onwuka reports for TruthNigeria from Abuja.

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