Tinubu Restates Commutment To Economic Growth

President Bola Tinubu has restated his administration’s dedication to transforming Nigeria’s business environment, rewriting the country’s economic narrative from one of obstacles to one of opportunities.
Tinubu made the pledge yesterday at the Lagos Chamber of Commerce and Industry (LCCI) International Business Conference and Expo 2025.
He was represented by Minister of State for Industry, Sen. John Enoh.
He assured entrepreneurs and investors that the country’s ongoing economic reforms were dismantling bureaucratic hurdles, streamlining processes, and creating opportunities for growth.
Tinubu said that for too long, the business narrative in Nigeria had been a tale of immense potential hampered by challenging realities and of brilliant ideas and determined entrepreneurs navigating a maze of bureaucratic hurdles.
He stated that his commitment was straightforward, to create a fertile ground for businesses to sprout, to grow, and to flourish.
“An environment where their focus is on innovation, on expansion and on creating value, not on navigating endless paperwork and red tape.
“The actual engine of our nation’s prosperity is an empowered private sector, not an empowered government and these are not mere words.
“We have taken decisive and tangible steps to prove our resolve,” he said.
The President noted that through the Presidential Enabling Business Environment Council (PEBEC), government had implemented over 180 concrete reforms.
He said that the council had streamlined processes, and dismantled bottlenecks that stifled growth for years.
Tinubu said that Nigeria was not just aiming for incremental improvements, but was rewiring the very architecture of government to serve the needs of the business community.
“I have a message for our foreign partners.
“Nigeria is open for business.
“We value your partnership and your vital role in economic development and we are committed to protecting your investments and ensuring a stable and predictable environment for your operations,” he said.
In his remarks, Minister of State for Industry, Sen. John Enoh, said that the Federal Government was working to make Nigeria more attractive for automotive investments.
He noted that the backing and implementation of the Nigerian Automotive Industrial Development Plan would spur more investments into the sector.
Enoh stated that government had been engaging with industry players and was considering legislative backing to create a conducive environment for auto plants to set up and thrive in the country.
“We have the Nigerian Automotive Industrial Development Plan and I can assure you that government has ongoing efforts to strengthen the automotive sector.
“We have been speaking with industrial players and listening to them.
“We are also exploring legislation that will make it possible and attractive for auto plants to come,” he said.
President, LCCI, Mr Gabriel Idahosa, said that government had embarked on bold reforms to improve the country’s ease of doing business and modernise fiscal and monetary frameworks.
Idahosa said that the conference’s goal was to unlock and deepen Nigeria’s boundless investment opportunities from energy to technology, manufacturing to agriculture and infrastructure to the creative economy.
“In a world where global capital is constantly seeking competitive, resilient, and high-growth destinations, we boldly declare today that Nigeria is open for business.
“Nigeria is ready for investment, and Nigeria is the future of Africa’s prosperity,” he said.