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Dutch Prime Minister Hails Nigerian Economic Reforms, Announces New Investments

April 25, 2024




In a significant boost to Nigeria’s economic landscape, Dutch Prime Minister Mark Rutte commended the bold economic reforms spearheaded by President Bola Tinubu, expressing confidence in Nigeria’s potential to attract international investment. During a meeting at The Catshuis in The Hague, Rutte lauded Tinubu’s commitment to democratic governance and applauded his administration’s resolve in tackling longstanding economic challenges.

Rutte highlighted the transformative impact of President Tinubu’s reforms, citing increased confidence among international investors in the Nigerian economy. He announced Dutch investors’ plans to inject an additional $250 million into various sectors over the coming months, with a notable $100 million earmarked for a waste-to-wealth industrial facility in Lagos State.

“I saw how you took courageous decisions early in your term, particularly in addressing fuel subsidies and other critical reforms,” remarked Prime Minister Rutte, underscoring Tinubu’s unwavering leadership. He commended Tinubu’s role in fostering regional cooperation within the Economic Community of West African States (ECOWAS), emphasizing the significance of collaborative leadership in driving development.

President Tinubu, in turn, underscored Nigeria’s potential as a key player in the global transition to clean energy, citing the country’s abundant lithium deposits. He reiterated his administration’s commitment to fostering a conducive investment climate and deepening reforms across various sectors, particularly solid minerals.

“Nigeria offers immense opportunities for mutually beneficial partnerships,” remarked President Tinubu, emphasizing the country’s youthful demographic dividend and its potential to drive innovation and economic growth. He stressed the importance of empowering Nigerian youth through access to education and job opportunities, envisioning a future where migration is driven by choice rather than necessity.

Tinubu reaffirmed his commitment to strengthening the developmental partnership between the European Union (EU) and Nigeria, advocating for symbiotic economic ties that promote sustainable and inclusive growth.

“We must take decisions that benefit our nations and foster mutually beneficial relationships,” asserted President Tinubu, expressing optimism about the prospects of collaboration between Nigeria and the Netherlands.



Credit: Leadership

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