The Senior Special Assistant on digital and New media to President Bola Ahmed Tinubu, O’tega Ogra has penned an open letter to controversial TV presenter, Rufai Oseni on his remark on remark about the rumour exit of some international brands from the Nigerian economy. Here is the statement…
ON THE COCA COLA $1BILLION PLEDGE OVER THE NEXT FIVE YEARS
Dear Rufai,
I vividly remember conducting extensive research on the foods and beverages industry just before exiting the private sector last year. It came to my attention then that the pledge was retracted, with many attributing it to the imposition of excise taxes on the company shortly thereafter as well as the impact of Post-COVID downturn locally and globally. Nevertheless, it is undeniable that they have poured more than 1.5 billion USD into Nigeria over the last decade.
Listening to the company global President today, he basically said they were returning this investment to Nigeria as a result of the Tinubu-Shettima administration’s Economic Growth & Recovery Plan (EGRP) and the potential of the government’s fiscal reforms.
My principal & our President, President Bola Tinubu, reiterated this resolve today when he said, “We are business-friendly, and as I said at my inauguration, we must create an environment of easy-in and easy-out for businesses. We are building a financial system where you can invest, re-invest, and repatriate all your dividends. I have a firm belief in that.”
Nigeria is more than open to business, and the world is taking positive note of it already!
P.S: In the Oil & Gas sector, Total, who was claimed to be heading out, are now partnering with NNPCL on a new $550million non-associated gas investment – the Ubeta Field Development Gas Project for which the Final Investment Decision was signed at the end of June (see below for more on it)
https://x.com/otegaogra/status/1836891511062958508?s=46&t=-WT1A6V3jj52Bil8fk9JSg
https://x.com/otegaogra/status/1836891511062958508?s=46&t=-WT1A6V3jj52Bil8fk9JSg
