• About
  • Advertise
  • Contact
Saturday, July 12, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

TMSG Says New investments By Coca-Cola, TotalEnergies In Nigeria, Indicators Of Tinubu’s Pro-business Approach To Governance

Vital News by Vital News
September 23, 2024
in Economy
0
Share on FacebookShare on Twitter

The Tinubu Media Support Group (TMSG) says the new multi-million dollar investments in Nigeria by Coca Cola and TotalEnergies are clear pointers to the direction of President Bola Tinubu’s economic reforms.

The group in a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, TMSG said both are significant economic developments, which show that Nigeria remains open to serious business.

It said : “They are indeed significant developments with implications for the future : The first being the kick- off an upstream gas project which would deliver 350 million standard cubic feet of gas per day when operational while the other is an announcement by Coca Cola of a $1bn fresh investment into the country.

“For us, these are very key investments that underline the commitment of the President Bola Tinubu administration to providing a conducive atmosphere for local and foreign businesses to thrive.

“And nothing best captures the government’s mindset than what the President told the Coca-Cola global leadership team, ‘We are business-friendly, and as I said at my inauguration, we must create an environment of easy-in and easy-out for businesses.

RelatedStories

Tax Reform : Abiodun Commends Tinubu, Says New Tax Laws Will Benefit Nigerians

Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX

President Tinubu Signs Tax Reform Bills Into Law

NUT: A Stand For Truth, Unity And Progress — Western Bloc Speaks Out On Recent Misleading Press Release By Okun Stakeholders Forum

“We are building a financial system where you can invest, re-invest, and repatriate all your dividends. I have a firm belief in that.’

“Indeed, when the President gave that assurance during his inauguration last year, we were convinced that he would back his words with action.

“The swift manner the Central Bank cleared valid forex backlog amounting to $7bln was a clear indication of where the government was headed in terms of winning investor confidence.

“So we were not surprised that the Coca Cola Company which had in 2021 reneged on a promise to invest $1bn over a 5- year period, came back with the full complement of its global leadership headed by its President and Chief Financial officer John Murphy to announce its intention.

“It is gratifying that officials of the multinational company which had since 2013 invested $1.5bln in its Nigeria operations, hinged the additional $1bln Investment plan on what they described as ‘a predictable and enabling environment’ and the President’s assurance that foreign businesses can repatriate dividends and profits.

“We see this as an affirmation of a bold statement of intent that has kept on resonating across the world and which the Chinese authorities also alluded to during President Tinubu’s recent engagement with President Xi Jiping.

“Let us not also forget the speed with which the Nigerian National Petroleum Company Limited (NNPCL) has moved to consummate the $550million non-associated gas investment deal with TotalEnergies- the Ubeta Field Development Gas Project- few months after the Final Investment Decision (FID) was signed in June.

“The Ubeta field, which was discovered in 1964, is located northwest of Port Harcourt, Rivers State and according to TotalEnergies in a recent explainer, it is the latest in a series of gas projects the oil firm is developing in Nigeria, which also include the Ikike and Akpo West fields where production has already commenced.

“We specifically want to point out that, the French conglomerate made it clear that its involvement in the new gas project was made possible by the government’s recent incentives for non-associated gas developments while adding that Ubeta fits perfectly with its strategy of developing low-cost and low-emission projects.

“This is the same company that we were told was heading out of Nigeria just because it chose to also invest in Angola and the DRC this year.

“But in all of these, the message from the Tinubu administration in the two instances are clear : Nigeria is open to serious business on the watch of President Tinubu and expectedly, the world has taken notice.

“TMSG is convinced that Nigeria will attract more foreign investments because of the pro-business approach and policies of the President Tinubu administration.”.   (vitalnewsngr.com)

Tags: Coca-colainvestmentsTMSGtotal
Previous Post

Abiodun Congratulates Okpebholo, Says Edo People Have Spoken

Next Post

Bandit Behind Kidnapping Of 121 Students In Kaduna, Kachalla Tukur Sharme Killed During Clash With Fellow Bandits

Vital News

Vital News

RelatedStories

Eid -el-Adha : Governor Abiodun Congratulates Muslims,Charges Them On Selflessness, Compassion
Economy

Tax Reform : Abiodun Commends Tinubu, Says New Tax Laws Will Benefit Nigerians

June 27, 2025
Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX
Business

Dangote Moves To Revolutionise Nigeria’s Capital Market, To List Fertiliser Company On NGX

June 26, 2025
President Tinubu Signs Tax Reform Bills Into Law
Business

President Tinubu Signs Tax Reform Bills Into Law

June 26, 2025
NUT: A Stand For Truth, Unity And Progress — Western Bloc Speaks Out On Recent Misleading Press Release By Okun Stakeholders Forum
Economy

NUT: A Stand For Truth, Unity And Progress — Western Bloc Speaks Out On Recent Misleading Press Release By Okun Stakeholders Forum

June 23, 2025
Current Economic Hardship Should Not Be Blamed On  President Tinubu – Sunday Babalola
Economy

Current Economic Hardship Should Not Be Blamed On President Tinubu – Sunday Babalola

June 19, 2025
Next Post
Terrorists Kidnap Reporters Of The Nation, Blueprint Newspapers In Kaduna

Bandit Behind Kidnapping Of 121 Students In Kaduna, Kachalla Tukur Sharme Killed During Clash With Fellow Bandits

EFCC Vs Bello : Court Summons EFCC Chairman, Olukeyede For Alleged Contempt

Kogi Lawmakers Call For Removal Of EFCC Chairman, Allege Assassination Attempt On Ododo, Bello

Tinubu Appoints Mrs Walson – Jack As New HoS, Thanks Yemi – Esan For Stewardship

Major Highlights Of Decisions At Federal Executive Council Meeting Held On Monday, September 23, 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Diesel Theft : Ebonyi Suspends Perm Sec, Special Assistant

3 years ago
FCCPC Engages Discos, NERC Over Plan To Phase Out Unistar Prepaid Meters

Coalition Of CSOs Commends Tunji Bello, FCCPC Over Prompt, Progressive Interventions On Behalf Of Consumers

8 months ago
Dantawaye Decorates Three New ACPs In Kogi

Dantawaye Decorates Three New ACPs In Kogi

4 months ago
Church To Feed 100 Poor People Weekly

Church To Feed 100 Poor People Weekly

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu
No Result
View All Result

Highlights

ICPC Recovers N21 billon Salary Fraud In Single Probe

President Tinubu Never Stopped Five-year Non-Immigrant Visa For US Citizens

Kogi Doctors Cry Out Over Poor Remuneration, Lack of Promotions

We Will Not Conspire With Any Organisation, Religious Body To Compromise Right, Safety Of Any Child – LASG

Atiku Says Zoning Won’t Silence Competence, Rejects Pressure To Quit 2027 Race For Peter Obi

Oyo Approves ₦98.90bln For Construction Of Bridges, Interchanges, Road Repairs, Bush Clearing, Purchase Of Two Security Aircraft

Trending

After Failed Rehabilitation  Efforts, NNPC May Sell Port Harcourt, Warri, Kaduna Refineries – Ojulari
Oil & Gas

After Failed Rehabilitation Efforts, NNPC May Sell Port Harcourt, Warri, Kaduna Refineries – Ojulari

by Vital News
July 11, 2025
0

The Nigerian National Petroleum Company Limited (NNPC) is weighing the sale of some of its long-dormant refineries...

Court Finds Natasha Guilty Of Contempt, To Pay N5mln Fine, Publish Apology In Two National Dailes

Court Did Not Give Order Compelling Senate To Lift Suspension On Senator Natasha – CTC Clarifies

July 11, 2025
Kogi SDP Youth Leader Killed, Party Demands Justice

Kogi SDP Youth Leader Killed, Party Demands Justice

July 11, 2025
ICPC Recovers N21 billon Salary Fraud In Single Probe

ICPC Recovers N21 billon Salary Fraud In Single Probe

July 10, 2025
President Tinubu Never Stopped Five-year Non-Immigrant Visa For US Citizens

President Tinubu Never Stopped Five-year Non-Immigrant Visa For US Citizens

July 10, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • After Failed Rehabilitation Efforts, NNPC May Sell Port Harcourt, Warri, Kaduna Refineries – Ojulari July 11, 2025
  • Court Did Not Give Order Compelling Senate To Lift Suspension On Senator Natasha – CTC Clarifies July 11, 2025
  • Kogi SDP Youth Leader Killed, Party Demands Justice July 11, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In