Nigeria, May 22 -- President Bola Tinubu's "tough but necessary" reforms to transform Nigeria to an investor-friendly haven has proven the president's "bold and visionary leadership," Femi Otedola, top shareholder of First HoldCo, the parent of Nigeria's oldest lender First Bank, has said.

Similarly, Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN), is also pursuing courageous and practical reforms that offer assurance of investment safety, Mr Otedola said in a Thursday statement, issued following First HoldCo's 13th annual general meeting in Lagos.

"His actions are restoring credibility to the financial system and giving investors like me the confidence to commit long-term capital to this country."

The businessman is re...