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President Bola Tinubu stated that Nigeria’s investment environment operates on the principle of a willing buyer and willing seller’, which ensures smooth access to capital for investors both within and outside the country.
He made this assurance during a meeting with Samsung's President and Chief Executive Officer, Hong Namkoong, and the Chairman of Samsung Investment Global, Jungwook Kim, in Riyadh, Saudi Arabia.
The meeting occurred on the sidelines of the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development.
Tinubu emphasized Nigeria's vast population and the potential for investment opportunities, particularly in infrastructure development.
He highlighted the Renewed Hope Infrastructure Development Fund as a significant opportunity for investment, especially in critical infrastructure and technology, where Samsung is well-known to excel.
Furthermore, the President underscored the importance of collaboration in various sectors, including crude oil, natural gas, renewable energy, engineering, technology, and agriculture.
He emphasized the potential for private sector participation in establishing fully-embedded, off-grid, cold-chain integration across agriculture sub-industries to minimize post-harvest losses through mass refrigeration capacity.
Tinubu expressed readiness to engage in further discussions and collaboration, acknowledging the potential benefits of collaborative efforts with Samsung, particularly in leveraging their expertise in various sectors.
