- Tinubu stressed the importance of deepening collaboration in the crude oil, natural gas, renewable energy, engineering, technology, and agriculture sectors.
- Nigeria has the potential for private sector participation to establish fully embedded, off-grid, cold-chain integration across sub-industries in the agriculture sector.
President Bola Tinubu has urged global power giant, Samsung, to see Nigeria as the best investment destination. According to the president, The investment opportunity comes from Nigeria’s operation on the principle of a willing buyer and willing seller, ensuring seamless access to capital for investors both within and outside the country.
In a statement on Sunday by the presidential spokesman, Ajuri Ngelale, the president stated this during a meeting with Hong Namkoong, the president and chief executive officer of Samsung, and Jungwook Kim, the chairman of Samsung Investment Global, in Riyadh, Saudi Arabia.
The meeting occurred in Riyadh, Saudi Arabia, on the margins of the World Economic Forum Special Meeting on Global Collaboration, Growth, and Energy for Development.
Tinubu stated, “We have an infrastructure deficit, and you can take advantage of that and invest early and deeply in an environment that is absorptive and ready for it. It is modelled after a willing-buyer and willing-seller arrangement—easy capital in and easy capital out.
Furthermore, the president detailed the significant opportunities across sectors for investment within the Renewed Hope Infrastructure Development Fund. This involves the potential utilisation of co-finance instruments for critical infrastructure and technology that Samsung produces.
Tinubu also stressed the importance of deepening collaboration in the crude oil, natural gas, renewable energy, engineering, technology, and agriculture sectors.
He emphasised the potential for vast private sector participation in establishing fully embedded, off-grid, cold-chain integration across agriculture sub-industries to forestall post-harvest losses with mass refrigeration capacity.
In his remarks, Samsung chairman, Jungwook Kim expressed the firm’s interest in expanding its presence in Nigeria. Kim cited the successes of sister companies already operating in the country while laying out potential new opportunities in Nigeria.