Our Economic Reforms Has Made Nigeria Ripe for Investment, Says Shettima

Vice President Kashim Shettima has declared that Nigeria is ready for large-scale investment, citing recent economic reforms as a foundation for sustainable growth and increased investor confidence.

Speaking during a strategic dialogue with international partners, including representatives from Brazil, Shettima emphasized that critical changes across key sectors—such as agriculture, energy, manufacturing, and technology—have positioned Nigeria as an attractive destination for both local and foreign investors.

“Nigeria is ripe for investment across various sectors of the economy. With the right policies and reforms now in place, we are creating an environment where businesses can thrive, and investors can be assured of returns,” Shettima stated.

The Vice President noted that the government’s ongoing economic reform agenda is focused on fostering macroeconomic stability, enhancing infrastructure, and boosting productivity in non-oil sectors.

He highlighted the success of these reforms in agriculture and renewable energy, including the launch of a 20-megawatt solar power project as part of a broader 300-megawatt plan aimed at diversifying Nigeria’s energy mix.

Shettima also addressed concerns around recent tax initiatives, including the controversial cybersecurity levy, stating that the reforms are geared toward improving revenue generation without stifling investment or overburdening citizens.

“Our tax reforms are not meant to frustrate Nigerians or discourage investment. On the contrary, they are part of our broader strategy to create a more robust and competitive economic landscape,” he explained.

He further stressed the importance of turning Nigeria’s public debt into productive investments through strategic infrastructure projects and sustainable economic planning, aligning with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

With non-oil sectors now contributing over 90% to the nation’s GDP, Shettima called on both public and private stakeholders to seize emerging opportunities and deepen collaboration that can drive inclusive economic development.

Analysts believe the Vice President’s remarks send a strong signal to the international community about Nigeria’s readiness to engage in long-term, mutually beneficial investment partnerships.

As Nigeria continues its path toward economic diversification and resilience, investors around the world are being urged to take a closer look at Africa’s largest economy.