President Tinubu Assures Manufacturing and Service Sectors of Reforms to Drive Efficiency and Investments

President Tinubu Assures Manufacturing and Service Sectors of Reforms to Drive Efficiency and Investments

…By Larry John for TDPel Media.

President Tinubu Assures Manufacturing and Service Sectors of Reforms to Boost Efficiency and Investments

President Bola Ahmed Tinubu has provided reassurance to the manufacturing and service sectors, promising the implementation of further reforms to enhance efficiency and attract investments.

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The President’s commitment was conveyed through a statement by Dele Alake, the Special Adviser to the President on Special Duties, Communications, and Strategy.

Focus on Youth Empowerment and Economic Revolution

During a meeting with a delegation from MTN, led by Group Chairman Mcebisi Jonas at the State House, President Tinubu emphasized that the ongoing economic “revolution” would be deliberately directed to benefit the large population of Nigerian youths.

He stressed the responsibility of revolutionizing the economy to ensure that young people can actively participate in the nation’s prosperity.

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The President expressed his readiness to address any challenges or obstacles hindering investments in the economy, pledging to remove bottlenecks for the benefit of investors.

Investments in Technology and Partnership

President Tinubu acknowledged the significant global changes driven by technology and highlighted the need for increased investments in digital technology to effectively control the rural-urban migration and improve healthcare systems and education, particularly for the underprivileged.

He commended MTN for its shift from Corporate Social Responsibility to a more technology-driven approach, expressing a desire for structural partnerships to drive economic growth.

Collaboration for Inclusive Prosperity

The President emphasized the importance of collaboration between the government and private sector, noting that success cannot be achieved in isolation.

He outlined the structural adjustments being made to ensure the nation’s progress aligns with the needs of its people.

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President Tinubu expressed satisfaction with the positive response of the stock market to these structural adjustments, highlighting the potential for shared prosperity and the creation of an informed society.

MTN’s Investment Plans and Praise for Reforms

The Group Chairman of MTN, Mcebisi Jonas, revealed the company’s plan to invest $3.5 billion in the Nigerian economy over the next five years.

Jonas praised President Tinubu for the increased interest in Nigeria within a short period since assuming office, promising to mobilize other investors with approximately $1.5 trillion to consider Nigeria as a preferred investment destination.

He commended the President for his prompt and decisive approach to structural reforms, stating that it had boosted confidence in the country.

MTN’s top executives, including Group President/CEO Ralph Mupita, Chairman of MTN Nigeria Ernest Ndukwe, and Chief Executive Officer Olutokun Karl Toriola, were present at the meeting with President Tinubu.

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