The chairman of FBN Holdings Plc, Mr. Femi Otedola on Monday commended President Bola Tinubu’s fuel subsidy removal, among other reforms, stating that these reforms have restored investors’ confidence.
Otedola spoke during a courtesy visit to minister of finance and coordinating of the economy, Wale Edun at his office in Abuja.
“The improving macroeconomic conditions, enhanced regulatory clarity, and pragmatic fiscal measures are not only restoring investor confidence, but also creating more level ground for both established conglomerates and emerging enterprises to thrive,” he said.
He stated that regulatory clarity and pragmatic fiscal reforms under the current administration are creating a level ground for businesses to thrive.
According to a statement by the ministry, the meeting focused on Nigeria’s evolving investment climate, particularly the expanding opportunities in banking and power, including renewable energy.
Otedola was said to have commended Tinubu’s bold economic reform agenda and expressed renewed confidence in the direction of policy under the current administration.
The businessman affirmed the readiness of major Nigerian investors, including himself, to increase their commitments in sectors critical to inclusive growth and national competitiveness.
In response, Edun reiterated the government’s commitment to fostering a business-friendly environment where innovation, transparency, and capital investment can flourish.
He said the ultimate aim of the ongoing reforms is to unlock long-term prosperity for all Nigerians by empowering the private sector as the engine of job creation, productivity, and shared wealth.
Also present at the meeting was Abubakar Atiku Bagudu, the minister of budget and economic planning, “underscoring the coordinated efforts of the economic management team to strengthen private sector engagement”.