We’re Not Ashamed To Copy What Works In Other Climes – Tinubu

Bola Tinubu, president, has stated that his administration is open to learning and doesn’t feel pressure to copy what is working elsewhere.

The President addressed a meeting held on Thursday at the State House in Abuja with the Chairman Sunil Bharti Mittal of Airtel.

According to him, the telecoms industry’s operations and regulatory framework would be revised to reflect best practices from around the world, with a greater emphasis on infrastructure protection.

“I appreciate your candor, sincerity, and confidence that brought us so much closer to the Indian Prime Minister. When he was here, his media adviser, Bayo Onanuga, was quoted as saying, “We talked for a while, and we had a lot of conversation.”

“We are prepared to examine the entire ecosystem further, and if there is anything we can take from India, we will do so.” We’re all set to learn. Copying what works in other countries is not a shame for us.

Nigeria is so crucial to us that we must pay attention to those revolutionary intentions that can help businesses succeed because it is for the good of everyone. I support business, and I’ll keep doing so. He said, “I can give you that assurance.”

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The President remarked that investors will find the tax reforms to be more advantageous.

We will work with tax authorities to make sure that whatever we need to do will spur growth and opportunities. That is something that we are capable of doing.

Bosun Tijani, the minister of communication, innovation, and digital economy, thanked the president for consistently supporting the growth of the telecoms industry.

Tijani said the President’s approval of the protection of fiber optic and undersea cables as significant national assets would encourage further growth in the sector, ensuring that the Office of the National Security Advisor (NSA) has begun implementing and enforcing the law.

The President was commended by Airtel’s Chairman for the two-pronged economic reforms that had boosted the country’s prospects for growth. You made some promises when you took office. I had no idea how serious and committed you would be given the situation in your country.

“It is indeed reminiscent of 1991, when India was on a similar footing, with our vessel in Tokyo on the market for $500,000 in gold pledged to the Bank of England. The Prime Minister and his team made similar reforms to those you are currently making in Nigeria at that time, and India has never seen better times since.

The rupee was floated, the duties decreased, and the rupee lost significant value. Relicensing took place, and India experienced the start of a new world. He said, “We just advanced.”

According to Mittal, the reforms helped India become one of the world’s largest economies. You have done something unprecedented in a difficult time, in my opinion. The naira, which has been floating from N450 to N900 and is now returning to N1400 to N1500, can only be withstand this enormous pressure, only by people of resolve and steel.

The entire world has applauded it as a remarkable accomplishment. The Airtel Chairman told President Tinubu, “You delivered on your promises and this was very much needed.” Additionally, he suggested that the gas subsidy be eliminated.

The removal of subsidies, which any politician would consider a very difficult decision, was the second one. You held your position despite the fact that it was difficult and unpopular, knowing full well that doing it wouldn’t benefit the nation.

You’ve taken a long position, I tell you. I think you have left a lasting legacy for yourself. Your country’s development will experience a turning point in your first year as president. I want to give you a lot of credit for holding a firm position and moving the country forward, he continued.

Mittal argued that more Nigerians should be urged to make investments, particularly those with sizable financial portfolios abroad.

Source: Channels TV