President Bola Tinubu has said that Nigeria is not ashamed to copy India if it will translate into economic growth for the nation.
He said this while speaking on Thursday in Abuja during a meeting with an Airtel delegation led by Chairman Sunil Bharti Mittal.
“I am grateful for your openness and confidence, which brought us closer to the Prime Minister of India. When he visited, we had extensive discussions,” Tinubu said.
“The entire ecosystem will be further examined, and if there is anything we can copy from India, we are ready to do so. We are prepared to learn. We are not ashamed of copying what is working in other climes.
“It is for the good of all of us, and Nigeria is so critically important that we must give attention to those revolutionary intentions that can make business work. I am pro-business, and I will continue to be that. I can give you that assurance,” he said.
He also highlighted tax reforms as part of his broader strategy to create a favorable climate for investors.
“We will work with tax administrators to encourage growth and new opportunities. We are ready to make the necessary changes,” he assured.
President Tinubu said his administration will not hold back regarding learning and adopting economically progressive actions. For one, he pledged to review telecom regulations to align with global best practices, ensuring better protection for industry infrastructure.
Airtel Chairman Sunil Bharti Mittal commended Tinubu’s bold economic decisions, comparing Nigeria’s current transformation to India’s reforms in 1991, which set the stage for its economic rise.
“When you took office, I wasn’t sure how deep and far you could go with your commitments, given the challenges. But you have delivered on your promises,” Mittal said.
“Floating the naira from N450 to around N1900 before stabilizing at N1400–N1500 is a remarkable achievement. The world has taken note of this bold step,” he added.
“It was unpopular, but you stood firm. Your leadership will be remembered for these transformative steps.”
Mittal urged Nigerians with financial assets abroad to reinvest in the country, emphasizing that investor confidence was steadily improving. He noted that as stability returns, investments are likely to follow quickly.
The meeting highlighted President Tinubu’s commitment to positioning Nigeria as a prime destination for investors, reinforcing optimism for economic growth.