President Bola Tinubu has assured potential Saudi Arabian investors that their investments are safe in Nigeria.

While speaking at the Saudi-Africa Summit in Riyadh, President Tinubu said Nigeria is ready for business while assuring investors of some of the world’s highest returns on investment.

The President in a statement issued by his spokesman, Ajuri Ngelale, said “I also wish to assure all potential Saudi investors of the safety of their investments based on the sanctity of the rule of law and good returns on their investments in the largest economy in Africa.

“In this regard, the benefit attached to the early inauguration of the Nigeria-Saudi Business Council can not be over-emphasized. Nigeria, like the Kingdom, is diversifying her economy away from oil dependence to promote sustainable development.

“My administration has undertaken bold economic reforms by removing wasteful subsidies on petroleum and the merging of our foreign exchange market, among other incentives aimed at improving the ease of doing business in Nigeria.”