x

Tinubu’s Economic Policy Will Attract Foreign Investors – UK Envoy

The British High Commissioner to Nigeria, Richard Montgomery says the economic reforms instituted by President Bola Tinubu are capable of attracting investors from the United Kingdom to Nigeria.

Montgomery said this while speaking with State House correspondents after a closed-door meeting with Vice President Kashim Shettima, at the Presidential Villa, Abuja on Wednesday.

The British diplomat said he addressed British ministers about the removal of fuel subsidy among other economic reforms embarked on by Tinubu, adding that these will make think of Nigeria as an investment destination.

He revealed that his discussions with Shettima highlighted the current policy direction of the Tinubu administration, which, he said, is being warmly received by UK investors.

“As I discussed with His Excellency, the big economic decisions being taken by this government are really important and are being noticed around the world: the removal of subsidy, the exchange rate reform, all of that create a much better investment environment,” Montgomery said.

“I was in London last week; I was briefing my ministers, but I was also talking to British business in finance, banking and investment sectors. They are all responding very positively to these first decisions.”

He further said that the discussions also featured areas of assistance by the British government to cushion the effects of the discontinuance of petroleum subsidy, which has spelt “tough times” for Nigerians.

He said, “We know that there are tough times that are going on at the moment, inflation and unemployment.

“The vice president and I also touched on some of the measures that might be possible to cushion the blow of some of these economic pressures.

“But I think the big issue is that these reforms help put Nigeria on a higher growth path; they will attract more investments and the United Kingdom and the city of London see Nigeria as a big opportunity going forward. I will be doing my part to try to boost those, enhance trade and investment.”

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalistAs...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

America Makes History: First U.S.-Born Pope Elected!

In a landmark moment for the Catholic Church, American-born...

Media Salon Emphasizes One-China Principle in China-Nigeria Ties

A media salon focusing on the One-China principle as...

Kaduna Ramps Up Resident Mobilisation for State Identity Card Registration

The Kaduna State Residents Identity Management Agency (KADRIMA) has...

Stakeholders Push for Urgent Telecom Reforms as Tech Disruptions Accelerate

With emerging technologies like Artificial Intelligence (AI), quantum computing,...

DSS Arrests Five Over Kidnap, Murder of One-Year-Old in Kano

The Department of State Services (DSS) has arrested five...

Wigwe Helicopter Crash: U.S. Operator May Face Criminal Charges

The operators of the helicopter that crashed and claimed...

Outrage Grows Over Alleged Mismanagement of El-Rufai’s $350m World Bank Loan in Kaduna

Tensions are rising in Kaduna State as stakeholders voice...

Zazzaga Congratulates Tsenyil on NCDC Appointmen

By Israel Adamu, Jos The North-Central All Progressives Congress, APC,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img