President Bola Tinubu, on Friday, assured foreign investors of diligent and predictable fund repatriation and the streamlining of the tax system.
He disclosed this when he received the Letters of Credence from the Ambassador of Hungary, Lorand Endreffy; the High Commissioner of Rwanda, Christophe Bazivamo; and the Ambassador of Ukraine, Ivan Kholostenko, at the State House on Friday.
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He also urged the ambassadors to prioritise the exploration of new frontiers of trade relations that will be mutually beneficial as they carry out their duties in the country.
“For the avoidance of doubt, we are already working on the issues of double taxation, and it will be properly streamlined to favour business growth. Nigeria is home and a haven for investors,” Tinubu affirmed.
Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, revealed this in a statement he signed on Friday titled ‘President Tinubu receives ambassadors and mandates them to focus on new investment and trade expansion.’
Addressing the High Commissioner of Rwanda, the President said the long-standing concerns over trapped funds are receiving attention and that the funds will be processed expeditiously for release.
“We are one family on the continent. We will continue to promote democracy and good governance.
“I will maintain an open-door policy, and the Minister of Foreign Affairs and the Chief of Staff are also available,” he told Bazivamo.
The Rwandan High Commissioner said his home government was prepared to enhance bilateral relations with Nigeria with new visa policies and trade agreements.
At the ceremony, Tinubu asked the Ambassador of Hungary to explore all opportunities for building partnerships, especially in the areas of agriculture and food security, and how to leverage the country’s experience in technology.
“Thank you so much for taking care of our students who are in your country. We are a very big country, with huge potential to sustainably spur economic growth.
“We are ready to improve relations, especially in the areas of agriculture and food security,” the President told Endreffy.
The Hungarian Ambassador commended the President for his bold, courageous, and strategic decisions to reposition the Nigerian economy, listing some areas of collaboration to include education, agriculture, food security, security, and medical technology.
He said, “My Prime Minister always says that our relations are based on mutual respect.”
Tinubu told the Ukrainian Ambassador that Nigeria will always work for global peace and harmony.
“We are with you in prayers. We will continue to support good governance and democracy,” the President stated.