Vice President Kashim Shettima has expressed optimism that Nigeria will become a formidable economic powerhouse on the global stage under the leadership of President Bola Ahmed Tinubu.
He said the Tinubu administration is committed to creating an unprecedented enabling environment for both local and foreign investors to thrive.
The Vice President who spoke on Wednesday in his office at the Presidential Villa while playing host to a delegation from the Commonwealth Enterprise Investment Council, CWEIC, led by its CEO, Rosie Glazerbrook, noted that this is being done through harnessing resources of the country’s youth population in digital technology, improving electricity supply, boosting production and manufacturing, among other initiatives of government.
VP Shettima said the Tinubu-led federal government is determined to transform the country’s demographic bulge into demographic dividends, assuring that the administration will harness the resources of its young population to build a more prosperous and progressive country.
He noted that Nigeria is ready for business and President Tinubu, a pro-business leader who rose from the business ecosystem, is committed to supporting the growth of businesses in Nigeria.
The Vice President declared that the Tinubu administration is ready to create the enabling environment for businesses in Nigeria to prosper, whether they are indigenous or foreign.
Senator Shettima said the country is strategically positioned to attract foreign investors as Nigeria will become a major global economic force under President Tinubu.
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“By 2050, Nigeria will be the third most populous country in the world and only recently, an investment bank projected that by 2075 Nigeria’s economy will be the third largest in the world. It shows that the trajectory of global growth is facing Africa and Nigeria will make or mar that transition. So, the future belongs to Africa. If Nigeria works, Africa works. You have come to Nigeria at the right time – a time when a pro-business government is at the helm of affairs in the country and we are ready for business,” the Vice President emphasized.
The CEO of the CWEIC, Glazerbrook, pledged the group’s support to the Nigerian government.
She highlighted some of CWEIC’s forthcoming events both in Nigeria and outside, including the Commonwealth Trade and Investment Forum in London in 2025, and the proposed Trade and Investment Forum to be held in Nigeria in the second half of 2025.
While pledging CWEIC’s support to the Nigerian economy she said “we want to help boost trade and investment into Nigeria and equally support Nigerian businesses looking out to develop plans for more interactions with foreign partners.
“We will really like to look up ways where we can encourage the Nigerian government and the business community to take advantage of the commonwealth market across the 56 countries and other partners in the Middle-East and North Africa,” she added.
Present at the meeting with the Vice President were Founder of Zenith Bank, Chief Jim Ovia; Chair of the CWEIC in Nigeria, Mr Olasupo Shasore; CWEIC Country Director, Nigeria, Mr Obinna Anyanwu, and representatives of partners and members of the Council from the public and private sectors.
Credible News.ng
