We will remove investment bottlenecks, reposition the economy to favor young people – Tinubu
President Bola Tinubu on Friday in Abuja assured the manufacturing and service sectors that more reforms would be rolled out to enable efficiency and attract investment, saying the ongoing economic 'revolution' would be deliberately directed to capture and fostering the country's abundant youth. .
“We have a responsibility to revolutionize the economy so that our young people can share in the prosperity of the nation, otherwise we are only waiting for the realization of dreams,” the president told an MTN delegation led by the president. of the group, Mcebisi Jonas. , at the State House.
“If you encounter any problems or obstacles, let us know. We are ready to eliminate investment bottlenecks in the economy,” the president added while acknowledging the sweeping changes across the world, driven largely by technology.
President Tinubu said the growing migration from the countryside to the cities can only be controlled with more investment in digital technology that will directly improve health systems and education for the poor.
"I'm glad you're leaving corporate social responsibility to be more incisive and curious with technology so we can see how we can partner structurally," the president said.
“There is a lot you can do for the economy by partnering with us. We believe no one can do it alone. The structural adjustments we are making are intended to ensure that we are heading in the right direction and achieving a destination that meets the needs of our people.
“You and I will ensure that people have a share of this prosperity. Together, we will build a well-informed society. The course needs to be reassessed. I am happy that the stock market is reacting positively to structural adjustments,” said he said.
The chairman of MTN Group said the company has a plan to invest $3.5 billion in the economy over the next five years, with a broader vision to become a pan-African company by shifting investments from Middle East and focusing more on Africa, especially in Nigeria, where it gets the best return on investment.
ALSO READ: Tinubu to Attend ECOWAS Summit in Guinea-Bissau
Mr. Jonas praised the president for the renewed interest in the country in the short time since he took office on May 29, promising to support the mobilization of other investors with around $1.5 trillion to turn to Nigeria, where reforms were designed to foster business and encourage inclusive development.
“The message you have given us is that Nigeria is investable, and with your election, we see a decisive, rapid and lively interest in structural reforms,” noted the Chairman of MTN Group.
MTN Group Chairman/CEO Ralph Mupita, MTN Nigeria Chairman Ernest Ndukwe and Managing Director Olutokun Karl Toriola were part of the meeting.
Dele Alake
Special Advisor to the President
Special tasks, communications and strategy
July 7, 2023
Support PREMIUM TIMES integrity and credibility journalism
President Bola Tinubu on Friday in Abuja assured the manufacturing and service sectors that more reforms would be rolled out to enable efficiency and attract investment, saying the ongoing economic 'revolution' would be deliberately directed to capture and fostering the country's abundant youth. .
“We have a responsibility to revolutionize the economy so that our young people can share in the prosperity of the nation, otherwise we are only waiting for the realization of dreams,” the president told an MTN delegation led by the president. of the group, Mcebisi Jonas. , at the State House.
“If you encounter any problems or obstacles, let us know. We are ready to eliminate investment bottlenecks in the economy,” the president added while acknowledging the sweeping changes across the world, driven largely by technology.
President Tinubu said the growing migration from the countryside to the cities can only be controlled with more investment in digital technology that will directly improve health systems and education for the poor.
"I'm glad you're leaving corporate social responsibility to be more incisive and curious with technology so we can see how we can partner structurally," the president said.
“There is a lot you can do for the economy by partnering with us. We believe no one can do it alone. The structural adjustments we are making are intended to ensure that we are heading in the right direction and achieving a destination that meets the needs of our people.
“You and I will ensure that people have a share of this prosperity. Together, we will build a well-informed society. The course needs to be reassessed. I am happy that the stock market is reacting positively to structural adjustments,” said he said.
The chairman of MTN Group said the company has a plan to invest $3.5 billion in the economy over the next five years, with a broader vision to become a pan-African company by shifting investments from Middle East and focusing more on Africa, especially in Nigeria, where it gets the best return on investment.
ALSO READ: Tinubu to Attend ECOWAS Summit in Guinea-Bissau
Mr. Jonas praised the president for the renewed interest in the country in the short time since he took office on May 29, promising to support the mobilization of other investors with around $1.5 trillion to turn to Nigeria, where reforms were designed to foster business and encourage inclusive development.
“The message you have given us is that Nigeria is investable, and with your election, we see a decisive, rapid and lively interest in structural reforms,” noted the Chairman of MTN Group.
MTN Group Chairman/CEO Ralph Mupita, MTN Nigeria Chairman Ernest Ndukwe and Managing Director Olutokun Karl Toriola were part of the meeting.
Dele Alake
Special Advisor to the President
Special tasks, communications and strategy
July 7, 2023
Support PREMIUM TIMES integrity and credibility journalism
What's Your Reaction?
