The federal government has reiterated its commitment to creating a conducive business environment that fosters private sector growth.

The finance ministry said this in a statement on Tuesday.

According to the statement, finance minister Wale Edun gave the assurance during a courtesy visit by Femi Otedola.

Mr Edun said the environment would foster innovation and transparency, enabling capital investment to flourish.

Mr Otedola said the country’s evolving investment climate, particularly the expanding opportunities in banking, power and renewable energy, is commendable.

He said that improving macroeconomic conditions, enhanced regulatory clarity, and pragmatic fiscal measures are not only restoring investor confidence but also creating a more level playing field for both established conglomerates and emerging enterprises to thrive.

Mr Otedola said the gathering reflects the federal government’s determination to work hand in hand with the private sector to drive sustainable economic growth and equitable development across the country.

He commended President Bola Tinubu’s bold economic reform agenda and renewed confidence in the direction of policy under the current administration.

The business tycoon affirmed the readiness of major Nigerian investors, including himself, to increase their commitments in sectors critical to inclusive growth and national competitiveness. 

(NAN)