- Tinubu Pledges Stable Environment for Local, Foreign Investors
- Tinubu disclosed that his administration will invest heavily in infrastructure
- Nigeria GDP have grown from ₦269.9 trillion in May 2023 to ₦372.8 trillion by August 2025
President Bola Ahmed Tinubu has said his administration is taking decisive measures to dismantle years of bureaucratic bottlenecks that have hindered enterprise in Nigeria, assuring both local and foreign investors that the country is open for business, Eko Hot Blog reports.
Speaking through the Minister of State for Industry, Trade and Investment, Senator John Owan Enoh, at the Lagos Chamber of Commerce and Industry (LCCI) International Business Conference and Expo 2025, Tinubu explained that government reforms are deliberately aimed at rewriting Nigeria’s economic story from one of obstacles to opportunities.
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He noted that through the Presidential Enabling Business Environment Council, more than 180 reforms have been carried out to digitise and streamline processes, cutting the time and cost of doing business.
According to him, significant tax reforms have also been introduced to ensure fairness and transparency, with exemptions for small companies. He added that the Nigeria First Policy requires government agencies to patronise locally made goods and services.
“Nigeria is open for business. We value your partnership and are committed to protecting your investments and ensuring a stable and predictable environment,” Tinubu declared.
He further disclosed that his administration will invest heavily in infrastructure as the backbone of commerce, citing projects such as the Lagos Calabar Coastal Highway, the Second Niger Bridge and the Trans-Saharan Highway as critical routes to open up markets and connect communities to global trade.
Beyond physical infrastructure, he said the government is embracing technology to build a strong digital economy, placing innovation and transparency at the heart of both public and private sector growth.
Tinubu acknowledged that challenges such as foreign exchange volatility remain, but insisted that reforms are already yielding a more transparent and efficient system. He emphasised that Nigeria’s true engine of prosperity lies in an empowered private sector, not one constrained by bureaucracy.
“We are confronting these challenges with courage, determination and a clear vision for the future,” he said, reaffirming his confidence that Nigeria will emerge as a global hub for investment and innovation.
Also speaking, the Minister of Regional Development, Abubakar Momoh, said reforms under the current administration have grown Nigeria’s GDP from ₦269.9 trillion in May 2023 to ₦372.8 trillion by August 2025.
He highlighted that Nigeria offers one of the most competitive incentive regimes in Africa, with tax holidays, research and development allowances, export expansion grants and more than 30 free trade zones across the country.
Momoh stressed that each region of Nigeria holds unique investment potential, from agriculture and solid minerals in the north to energy and digital innovation in the south. He noted that regional infrastructure projects, including the Lagos Calabar Coastal Highway and other major roads, are central to unlocking opportunities nationwide.
According to him, incentives alone cannot guarantee investor confidence without strong institutions, which is why government has stepped up reforms to cut red tape and enhance transparency.
