President Bola Tinubu has assured investors that ongoing economic reforms will remove impediments to conducive business operations in Nigeria.

He spoke at the State House when he received Ade Adeola, managing director of Energy and Natural Resources in Europe, Africa and the Middle East for Standard Chartered Bank.

In a statement on Wednesday in Abuja by his media aide Ajuri Ngelale, the president said the reforms would improve efficiency in business startups and administration.

The president said the emphasis would be on efficiency in service, tax reviews and improved security.

Mr Tinubu said his administration was already working hard on making a difference in attracting investments.

“We are committed to strengthening partnership, encouraging efficiency and creating a suitable environment for investors. We are already working hard on security,” Mr Tinubu explained. “We will improve efficiency across the board for good input and output and we will build a very friendly environment for growth and investments.”

Mr Tinubu told the delegation that tax reforms were being undertaken with close adherence to global best practices that would favour businesses for the nation’s collective prosperity.

“We are open for business. We believe in partnership, and we will work with all those interested in the progress of Nigeria,’’ the president stated.

In his remarks, Mr Adeola said the bank was committed to enabling investments in Nigeria with a special focus on energy and natural resources and a huge portfolio in funding for the oil and gas industry.

“We are very excited about your leadership, and we want to restate our commitment to the growth of Nigeria,’’ said Mr Adeola.

Mr Adeola informed Mr Tinubu that the bank supports investments of about $2 billion to $3 billion annually.

(NAN)