We’re tackling challenges undermining businesses, investments – Buhari


President Muhammadu Buhari has assured the business community that his administration is doing everything possible to ensure that challenges undermining businesses and investments in the country are being addressed.

He urged entrepreneurs and investors to channel ideas and resources into areas of the economy that stimulate growth, with long-term effect on job creation and poverty reduction, assuring that fixing infrastructure remains government’s top priority.

Receiving Chairman of Dangote Industries Ltd, Alhaji Aliko Dangote, and Board members of the Group, on Friday at the Presidential Villa, the President said the challenges in transportation and energy will continue to attract attention for a turnaround, while urging entrepreneurs in the country and foreign investors to focus on areas that will leave lasting legacies of transforming lives.

“Mr. Chairman, Let me again, thank you and your board for the courage and foresight that enabled you to embark on these mega investment projects which will have enduring benefits to generations of Nigerians.

“Entrepreneurs such as Alhaji Aliko Dangote are unique gifts to their societies and the institutions they build, and they often become the pillars of stable enduring prosperous economies.

“I, therefore, urge other Nigerians in the business sector to emulate this iconic entrepreneur by investing in such enterprises that will in time become worthy legacies as national assets which will continue to benefit their people for generation after generation, creating firm anchors of enduring prosperity for their citizens,’’ he said.

President Buhari told the delegation, which was on a courtesy visit, that reforms were already going on in the public sector to reposition it into a more effective and result oriented engine room that will encourage more investments.

“I am keenly aware of the many challenges in the business environment and the investment climate despite the sustained efforts by this government to bring about improvements.

“I want to assure you, however, that Government will do everything possible to enhance the development in infrastructure, especially in energy and transportation sectors.

“We will also continue to implement needed reforms in the public service to significantly improve the ease of doing business,’’ the President added.

President Buhari lauded Alhaji Dangote for always investing in areas that bring the highest benefits to Nigerians.

“I recall, with great pleasure, my visit to the Dangote Free Zone just about four weeks ago, to commission the Group’s new 3 million metric ton fertilizer plant. Let me, once again, congratulate you and your Board for a very successful commissioning ceremony.

“As I said at that event, the coming on stream of this plant was a huge opportunity to ramp up the productivity of our agricultural sector. It is, therefore, a most welcome booster to our government’s strategy for achieving food security and reducing poverty.

“Given recent developments globally, especially the effect of the ongoing war in Europe on world-wide food supply chain, I must commend your foresight for bringing the plant into operation at the time you did.

“I note that market realities will bring pressure to bear on Dangote Fertilizer Limited in seeking to meet the demands of your export customers.

“However, given your group’s well known patriotic vision, I am confident that your Board will continue to accord priority to meeting local demands of our farmers,’’ the President noted.