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Investment Expo: Tinubu Committed To Investor-friendly Reforms, Says Wike

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  Published in Business and Finance on Thursday, October 23rd 2025 at 14:05 GMT by LEADERSHIP Newspaper
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Nigeria’s Investment Expo: Tinubu’s Reforms and Wike’s Optimism

In a landmark event that marked a turning point for Nigeria’s economic trajectory, the Investment Expo, hosted in Abuja, gathered investors, policymakers, and industry leaders under the auspices of President Bola Tinubu. The gathering, which ran from 18‑22 September, was not merely a showcase of projects but a definitive statement of the new administration’s commitment to an investor‑friendly environment. Former Rivers State Governor Ezenwo Wike, who was invited to speak, reiterated the promise of reform and underscored how these changes would translate into tangible benefits for businesses across the country.

A New Vision for Investment

President Tinubu used the expo to outline a comprehensive reform package designed to tackle the most pressing bottlenecks to investment in Nigeria. The key pillars of the initiative include:

1. Streamlined Regulatory Processes
   Tinubu announced a radical simplification of the company registration process, reducing the average time from filing to approval from six weeks to just a few days. This involves a unified online portal, “InvestInNigeria.gov.ng,” which integrates all licensing and permit requirements, and a dedicated “One‑Stop” service center at the Economic and Financial Crimes Commission (EFCC).

2. Tax Incentives and Fiscal Flexibility
   The administration is rolling out a new tax regime that offers a 50 % reduction in corporate income tax for the first three years of operation for firms in priority sectors such as renewable energy, agriculture, and digital technology. Additionally, the government is eliminating the 15 % corporate tax on foreign‑owned enterprises, a change that was hailed as a “game‑changer” for the diaspora and foreign direct investment (FDI) community.

3. Infrastructure Development
   Tinubu highlighted a multi‑billion‑dollar investment plan to upgrade key transportation corridors, ports, and power grids. The plan, coordinated through the newly formed “Infrastructure Development Fund,” will bring much-needed reliability to electricity supply and road connectivity—factors that have long hindered business expansion.

4. Security and Policy Consistency
   A new security framework that empowers local police and intelligence units to partner with private security firms will be implemented to reduce industrial theft and vandalism. Moreover, Tinubu promised policy stability, stating that any future legislation will undergo a rigorous stakeholder review process to avoid sudden regulatory changes.

Wike’s Perspective: From Governor to Advocate

During his keynote address, Ezenwo Wike emphasized the tangible impact of these reforms on the grassroots level. “Investor confidence is the bedrock of job creation,” he said. “The new policies we see today are not just rhetoric—they are actionable steps that will reduce the cost of doing business and create jobs in every corner of Nigeria.”

Wike drew parallels between his experience as Governor of Rivers State—where he championed the development of the Port Harcourt Free Trade Zone—and the national agenda. He highlighted how similar reforms in his state had led to a 30 % increase in FDI inflows over five years. “This is the kind of change that can lift our economy from dependency on oil revenues to a diversified, resilient future,” he remarked.

Key Takeaways for Investors

1. Ease of Doing Business – The introduction of the unified portal and the “One‑Stop” service center should reduce bureaucratic red tape dramatically.
2. Fiscal Incentives – Reduced corporate tax rates and the elimination of the foreign‑owned tax will significantly improve profit margins for multinational enterprises.
3. Infrastructure Gains – The planned upgrades to power and transportation infrastructure directly address the operational hurdles that have historically plagued investors.
4. Security Improvements – The new security framework is expected to lower the incidence of theft and vandalism, a critical factor for high‑value manufacturing and mining operations.

Links and Further Reading

• InvestInNigeria.gov.ng – The official online portal for business registration and licensing.
• Economic and Financial Crimes Commission (EFCC) – Information on the “One‑Stop” service center.
• Infrastructure Development Fund – Details on the funding mechanisms for the national infrastructure plan.
• Tinubu’s Official Blog – A post‑expo analysis by the president himself outlining the next steps in the reform agenda.

Conclusion

The Investment Expo, as steered by President Tinubu and endorsed by figures such as Ezenwo Wike, marks a decisive pivot toward a more business‑friendly Nigeria. The combination of streamlined processes, tax relief, infrastructure development, and heightened security offers a compelling case for investors to re‑engage with the country. As the administration rolls out these reforms, the focus will shift from policy proclamation to implementation—an effort that will determine whether the promises made at the expo translate into sustained economic growth and increased prosperity for all Nigerians.