President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to removing obstacles to business in Nigeria, assuring both local and foreign investors that the country is fully open for business.
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 said government reforms are aimed at transforming Nigeria’s economic narrative from one of challenges to opportunities.
According to him, the Presidential Enabling Business Environment Council (PEBEC) has implemented over 180 reforms, focusing on digitisation and streamlining of key processes to reduce the time and cost of doing business in the country.
The President also highlighted major tax reforms designed to make the system more transparent and equitable. He explained that small companies now enjoy tax exemptions under the new regime, while the Nigeria First Policy mandates government agencies to prioritise patronage of locally made goods and services.
Tinubu assured investors that these measures are part of a deliberate strategy to attract capital, stimulate industrial growth, and drive sustainable economic development.
