We’ll Ensure Diligent, Realistic Fund Repatriation, Tinubu Tells Foreign Investors  

* Says Nigeria remains safe haven for investors 

* Charges foreign envoys to focus on new investment and trade expansion 

* Receives three ambassadors’ letters of credence

Deji Elumoye in Abuja 

President Bola Tinubu on Friday assured foreign investors of diligent and predictable fund repatriation, and the streamlining of the tax system, while imploring ambassadors to prioritize the exploration of new frontiers of trade relations that will be mutually beneficial as they carry out their duties in the country.

The president received Letters of Credence from the Ambassador of Hungary, Lorand Endreffy; High Commissioner of Rwanda, Christophe Bazivamo, and Ambassador of Ukraine, Ivan Kholostenko, at the State House.

Speaking while receiving the High Commissioner of Rwanda, President Tinubu said the long-standing concerns over trapped funds are receiving attention and that the funds will be processed expeditiously for release.

He said: “We are one family on the continent. We will continue to promote democracy and good governance. I will maintain an open-door policy, and the Minister of Foreign Affairs and the Chief of Staff are also available.

“For the avoidance of doubt, we are already working on the issues of double taxation, and it will be properly streamlined to favour business growth. Nigeria is home and a haven for investors.”

In his speech, the Rwandan High Commissioner said the government of Rwanda was prepared to enhance bi-lateral relations with Nigeria, with new visa policies and trade agreements. 

President Tinubu also asked the Ambassador of Hungary to explore all opportunities of building partnership, especially in the areas of agriculture and food security, and how to leverage the experience of the country in technology. 

“Thank you so much for taking care of our students who are in your country. We are a very big country, with huge potential to sustainably spur economic growth. We are ready to improve relations, especially in the areas of agriculture and food security,” the president said.

On his part, the Hungarian Ambassador commended the president for his bold, courageous and strategic decisions to reposition the Nigerian economy, listing some areas of collaboration to include education, agriculture, food security, security, and medical technology.

According to him, “My Prime Minister always says that our relations are based on mutual respect.”

The president told the Ukrainian Ambassador that Nigeria will always work for global peace and harmony. 

“We are with you in prayers. We will continue to support good governance and democracy,’’ President Tinubu stated.