During a panel discussion in Berlin, Germany, President Bola Ahmed Tinubu stressed that Nigeria's people are its greatest asset.

Your Money Safe In Nigeria, Tinubu Tells Investors

President Bola Ahmed Tinubu emphasized Nigeria’s greatest strength as its people during a panel discussion in Berlin, Germany. Addressing international investors at the G20 Compact with Africa Economic Conference, Tinubu highlighted the country’s highly educated, skilled, and industrious population as a key advantage in the global competition for new investments.

One of Nigeria’s standout features is its demographic dividend: a large and youthful population that presents a unique advantage over other nations. With over 200 million people, Nigeria boasts a dynamic and diverse talent pool. President Tinubu highlighted the significance of this demographic dividend, pointing out that it not only fuels the domestic market but also provides a valuable resource for global investors seeking skilled and educated human capital.

Tinubu’s emphasis on Nigeria’s highly educated populace speaks to the country’s commitment to investing in human capital. Nigeria has made substantial progress in improving its educational infrastructure, with an increasing number of universities, research institutions, and vocational training centers. The president’s remarks shed light on the quality of education and skill development programs in the country, positioning Nigeria as a hub for a skilled workforce ready to contribute to various sectors of the economy.

Another aspect highlighted by President Tinubu is the industrious nature of the Nigerian workforce. The country’s people are known for their resilience, creativity, and adaptability, traits that are crucial in a rapidly evolving global economy. Tinubu’s assertion that Nigeria’s workforce is a valuable asset for international investors underscores the potential for mutually beneficial partnerships that can drive economic growth and development.

Speaking on the importance of promoting the rule of law to attract foreign investments, Tinubu underscored the energy and education of Nigeria’s youth as a significant incentive for investors, drawing parallels to China’s economic resurgence.

While acknowledging Nigeria’s reputation as an energy sector leader with vast gas deposits, Tinubu outlined the country’s commitment to go further. Initiatives include fiscal responsibility, tax reforms, and financial institution restructuring to facilitate foreign investments.

“We have the youngest, largest, and most vibrant youth population in Africa. Equipped with a well-educated populace and a massive market, we are poised to build a modern economy under my leadership,” Tinubu stated.

Tinubu assured potential investors of Nigeria’s move beyond restrictive policies, emphasizing the flexibility for capital movement. He highlighted the stability and predictability in Nigeria’s socio-political development, creating a conducive atmosphere for business operations.

Addressing the development of labor-intensive sectors and technological progress, Tinubu outlined the country’s focus on job creation and opportunities in the information and communications technology sector.

Inviting German businesses to explore investment opportunities, Tinubu highlighted the removal of obstacles hindering businesses and ongoing transformative changes in the Nigerian economy.

German Chancellor Olaf Scholz echoed the evolving nature of economic relations and expressed Germany’s commitment to mutually beneficial partnerships. He emphasized the focus on investments benefiting both parties, particularly in renewable energy and green hydrogen production.

Other panelists included President Alassane Ouattara of Côte d’Ivoire, Prime Minister Aziz Akhannouch of Morocco, President Macky Sall of Senegal, Sabine Dall’Omo of Afrika-Verein, and the CEO of Sub-Saharan Africa, Siemens AG.

President Tinubu further engaged German business leaders at a Nigeria-Germany Business Roundtable, reinforcing the commitment to fostering economic collaboration between the two nations.

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