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Tinubu’s Aide Reacts To Rufai Oseni’s Comment On Coca Cola’s $1bn Pledge To Nigeria 

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O’tega Ogra, a Senior Special Assistant to President Bola Tinubu on Digital/New Media, has reacted to comments attributed to Arise TV correspondent, Rufai Oseni.

Ogra, in a statement on Thursday, explained the positivities of the pledge.

Read the statement below;

ON THE COCA COLA $1BILLION PLEDGE OVER THE NEXT FIVE YEARS

Dear Rufai,

I vividly remember conducting extensive research on the foods and beverages industry just before exiting the private sector last year. It came to my attention then that the pledge was retracted, with many attributing it to the imposition of excise taxes on the company shortly thereafter as well as the impact of Post-COVID downturn locally and globally. Nevertheless, it is undeniable that they have poured more than 1.5 billion USD into Nigeria over the last decade.

Listening to the company global President today, he basically said they were returning this investment to Nigeria as a result of the Tinubu-Shettima administration’s Economic Growth & Recovery Plan (EGRP) and the potential of the government’s fiscal reforms.
My principal & our President, President Bola Tinubu, reiterated this resolve today when he said, “We are business-friendly, and as I said at my inauguration, we must create an environment of easy-in and easy-out for businesses. We are building a financial system where you can invest, re-invest, and repatriate all your dividends. I have a firm belief in that.”

Nigeria is more than open to business, and the world is taking positive note of it already!

P.S: In the Oil & Gas sector, Total, who was claimed to be heading out, are now partnering with NNPCL on a new $550million non-associated gas investment – the Ubeta Field Development Gas Project for which the Final Investment Decision was signed at the end of June (see below for more on it).

 

https://x.com/otegaogra/status/1836891511062958508?s=46&t=-WT1A6V3jj52Bil8fk9JSg