QatarEnergy not investing in Nigeria despite meeting Tinubu - Report

The CEO of QatarEnergy, Saad Sherida al-Kaabi, has refused to put successful Nigeria contempt a caller sojourn by President Ahmed Bola Tinubu to the Middle East country.

President Tinubu’s sojourn earlier this twelvemonth was aimed astatine attracting concern from the emirate successful Nigeria’s lipid and state sector, which is successful dire straits owed to a deficiency of funds.

Africa Intelligence, however, reports that aft overmuch consultation, al-Kaabi who is besides the emirate’s vigor curate is not unfastened to his institution investing successful Nigeria.

“The institution headed by the gas-rich emirate’s vigor curate is enactment disconnected by the concern clime successful the Niger Delta wherever Western majors person been scaling down for a decade,” AI said successful the report.

Tinubu was said to person signed landmark agreements with Qatar erstwhile helium visited the state successful March.

The Nigerian President and Emir of the State of Qatar, Sheikh Tamim bin Hamad Al Thani, witnessed the signing of historical agreements betwixt some nations.

The agreements were aimed astatine opening a gateway for leveraging the imaginable of practice successful pivotal sectors of education, endeavor development, concern promotion, younker empowerment, mining, tourism and sports.

Before the signing astatine the Qatar Presidential Palace, Tinubu assured his big of Nigeria’s preparedness to invited investors into the country.

He besides pointee to his administration’s ongoing reforms that promote innovation, returns connected investments and multiculturalism.

Assuring the planetary concern community, Tinubu vowed to crush entrenched interests and obstacles to fortify investor’s confidence.

He told Qatari investors that Africa’s largest system and its systems are being reformed and upgraded.

Tinubu urged captains of industries to study immoderate authorities official, who demands a bribe oregon immoderate signifier of inducement astatine immoderate constituent successful their concern endeavours.

Speaking astatine the Nigeria-Qatar Business and Investment Forum successful Doha, helium pledged to dismantle each bottlenecks to profitable and morganatic enterprise.