The British high commissioner to Nigeria, Richard Montgomery, says Tinubu’s “big economic decisions are being noticed” globally.
Montgomery made this known when speaking on Wednesday during a visit to Vice-President Kashim Shettima at the presidential villa in Abuja.
Tinubu recently introduced some reforms in the oil and gas and financial sectors believed to be critical for redirecting the nation’s economy out of the woods.
The president, had on May 29, scrapped the petrol subsidy payments, sending shock waves across the country. The unification of the foreign exchange markets and the relaxing of restrictions on domiciliary accounts quickly followed.
So far, international bigwigs have lauded the policies, including David Malpass, ex-World Bank president, who said the reforms were important in curbing corruption.
Likewise, Montgomery thinks the subsidy removal and exchange rate reforms would create better investment opportunities for the country.
“The big economic decisions being taken by this government are really important and are being noticed around the world,” the UK envoy said.
“The removal of subsidy; the exchange rate reform, all of that create a much better investment environment.
“We know that there are tough times that are going on at the moment, inflation and unemployment.
“The vice-president and I also touched on some of the measures that might be possible to cushion the blow of some of these economic pressures.
“But I think the big issue is that these reforms help put Nigeria on a higher growth path; they will attract more investments and the UK and the city of London see Nigeria as a big opportunity going forward.”
Montgomery said Nigeria and the UK have established partnerships in many areas of common interest.
The envoy said he discussed the long-standing partnership between the UK and Nigeria.
“We have many areas of shared interest, including a good history of development cooperation,” NAN quoted Montgomery as saying.
“Some excellent trade and investment arrangements, and we have also had some good cooperation on security and defence.
“As many of you were seeing from recent talks, we also had good talks on home affairs and justice and we have great people-to-people links that means education.
“We also discussed a number of issues to do with how we can improve our relationships in the future.
“I think we already have a good economic dialogue, but I think there is a great potential to do more; as I discussed with the vice-president.
“I will be doing my part to try to boost those, enhance trade and investment.’