Tinubu who spoke on Monday night in Mecca, Saudi Arabia, lamented that Nigeria has serious deficits in port and power infrastructure, as well as agro-allied facilities.
But the Nigerian leader says he would not make any excuses, according to a Tuesday statement from his spokesman Ajuri Ngelale.
“We inherited serious liabilities, but also assets from our predecessors. We do not make any excuses,” Tinubu was quoted as saying.
“There are several sectors replete with investment opportunities for smart investors. Access to finance and guarantees can be a hindrance in some cases. You can come in there. We see you as a critical enabler.
“You have partnered with us before. We want to scale it up now and do much more with greater ambition and clearer vision.”
At the Mecca meeting, President Tinubu also advanced negotiations concerning a multi-billion dollar infrastructure finance facility from the Islamic Development Bank to fund a multi-sectoral portfolio of infrastructure projects at the federal and sub-national levels in Nigeria.
The development was the outcome of substantive investment discussions held between President Tinubu and the Vice-President (Country Programs) of the Islamic Development Bank, Dr. Mansur Muhtar, after the President’s return from evening prayers, the presidential spokesman said.
“We are determined to create a future for our gifted youths. Investments in Nigeria will be among the world’s most high-yielding. Investor money will flow easily in and out of our country. Processes will be seamless. And your bank has always been a faithful partner in progress,” the statement added.
A rights activist has disclosed why Bobrisky was kept outside prison walls. Glamtush…
FG has declared October 1 as a public holiday to mark the 64th Independence anniversary.…
Argentina’s World Cup-winning goalkeeper Emiliano Martinez has been banned for two matches by FIFA for…
Reps have invited the EFCC chairman, VeryDarkMan, and Bobrisky over an alleged bribery. Glamtush reports that…
Top summary from Nigerian Newspapers for Saturday, September 28, 2024, can be accessed on this…
Telemundo’s Queen Of The South 3 teasers October 2024 have been highlighted for our wonderful…