- Tinubu’s Policies Driving Renewed Global Confidence in Nigeria – Shettima
- Mr. QIANG Wenyu said the visit followed up on an earlier meeting with President Tinubu in Beijing in September 2024
- Senator Abu Ibrahim, said the team was in Nigeria to explore new investment opportunities
Vice President Kashim Shettima says the wide-ranging reforms being implemented by President Bola Tinubu’s administration have opened fresh investment opportunities for both local and international investors across key sectors of the economy.
Eko Hot Blog reports that Shettima made this known on Tuesday while receiving a delegation from Advanced Energy Partners (AEP), led by chairman Senator Abu Ibrahim, during a courtesy visit to the Presidential Villa, Abuja.
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According to him, Nigeria’s ongoing economic adjustments demonstrate the government’s readiness to partner with credible investors from around the world.
“There is no better time to invest in Nigeria. You have come at the right time, under a leadership that is committed to progress,” he said.
The Vice President highlighted the country’s vast resources and emerging potentials, noting that Tinubu’s policies are intentionally designed to create a business-friendly environment, stimulate growth, and attract foreign direct investment.
“Be assured that you have invested your trust in the right nation. Nigeria is ready for business. We have crossed the Rubicon and are now on the path of sustainable development,” he added.
Earlier, the delegation leader, Senator Abu Ibrahim, said the team was in Nigeria to explore new investment opportunities, especially in the upstream oil sector and other strategic industries.
The Vice President of China North Industries Corporation (NORINCO), Mr. QIANG Wenyu, said the visit followed up on an earlier meeting with President Tinubu in Beijing in September 2024. He reaffirmed the company’s commitment to deeper partnerships in energy, oil and gas, defense production, mining, and other critical sectors.
He noted that NORINCO, with an annual turnover of $30 billion, has maintained a strong global reputation and is ready to expand its footprint in Nigeria.
Also speaking, the CEO of Horizon Energy Abu Dhabi, Ms. Mahra Rashed Al Suwaidi, commended President Tinubu’s leadership, saying the administration’s policy direction has renewed investor confidence. She praised the strategic management of national institutions like the Nigerian National Petroleum Company Limited (NNPC) as a key factor in the company’s renewed interest.
The UAE Ambassador to Nigeria, Salem Saeed Musabbeh Al Shamsi, urged the consortium to seize the moment and invest in Nigeria, describing the country as “the right place” for long-term foreign investment. He noted that strengthened ties between Nigeria and the UAE led to non-oil trade reaching $4.3 billion in 2024.
Also present at the meeting were the CEO of AEP, Mr. Shakiru Olayinka; Mr. Abiye Membere of AEP; Mr. HU Keyu of China Zhenhua Oil Corporation; Mr. XU Yongfeng of Beijing Auxin Chemical Technology Corporation; and Mr. LIANG Hongda of NORINCO’s Africa Department.
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