In a bold declaration, President Bola Ahmed Tinubu affirmed his administration’s commitment to making tough decisions to secure a prosperous future for Nigeria, acknowledging the short-term challenges these choices may bring. Speaking at a bilateral meeting with the Dutch Prime Minister Mark Rutte in The Hague, President Tinubu emphasized that his government's actions are aligned with the long-term benefits for the Nigerian people.
During his visit to Rutte's official residence, The Catshuis, President Tinubu outlined Nigeria’s vast trade potential, particularly highlighting the country’s role in the clean energy sector with its significant lithium reserves. He expressed his administration’s focus on creating a conducive investment climate through deepening reforms and fostering robust, equitable partnerships, particularly in the solid minerals sector.
"Nigeria is poised to not only continue its role as a major oil producer but also to become known for our innovative contributions to other sectors," Tinubu stated, underscoring his administration's determination to enhance the nation’s economic profile.
The president also spoke about the dynamic and youthful demographic of Nigeria, which presents both a substantial workforce and a growing market for international investments, including those from the Netherlands. He stressed the importance of harnessing this demographic advantage to build a sustainable future for Nigeria and to curb irregular migration by providing viable and attractive opportunities at home.
In terms of economic policy, President Tinubu reassured that the Nigerian government is working to improve the business environment through several reforms such as cleaning up the foreign exchange market and removing fuel subsidies. These reforms aim to attract foreign investment and ensure efficient business operations within the country.
On the sidelines of the Nigeria-Netherlands Business and Investment Forum, President Tinubu called for innovative and transformative partnerships that ensure tangible benefits for ordinary citizens and foster mutual economic growth. He emphasized the need for creative collaboration to bridge markets and enhance bilateral trade.
Prime Minister Rutte lauded President Tinubu's economic reforms, noting that they have significantly boosted international confidence in the Nigerian economy. He confirmed that Dutch investors are set to channel an additional $250 million into various projects in Nigeria, including a significant investment in a waste-to-wealth facility in Lagos State.
This high-level dialogue underscores a mutual commitment to strengthen economic ties and collaborative efforts that promise to bring sustainable development and prosperity to both nations.
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