Vice President Kashim Shettima has tipped Nigeria to become a major economic force in the world under President Bola Tinubu.
He said President Tinubu’s administration is dedicated to fostering a conducive environment for local and foreign investors to thrive.
The Vice President spoke on Wednesday at the Presidential Villa while playing host to a delegation from the Commonwealth Enterprise Investment Council (CWEIC) led by its CEO, Rosie Glazerbrook.
VP Shettima said 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.”
He said the Tinubu-led government is determined to transform the country’s demographic bulge into demographic dividends, promising that the “administration will harness the resources of its young population to build a more prosperous and progressive country.”
The VP noted that Nigeria is ready for business and President Tinubu is committed to supporting the growth of businesses in Nigeria.
Speaking on the country’s position in the global growth projections, the Vice President said, “Nigeria is where the attraction should be for investors all over the world as Nigeria will become a major global economic force under President Tinubu.”
“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 emphasised.
On her part, the CEO of the Commonwealth Enterprise Investment Council (CWEIC), Rosie 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.
Accountants
Similarly, VP Shettima assured a delegation from the Institute of Chartered Accountants of Nigeria (ICAN) that also paid him a courtesy visit that the executive arm of government would liaise with the National Assembly to consider the review of the Institute’s enabling Act of 1965.
He said doing so would ensure its current practices are in harmony with global standards and international best practices.
Mercy Chukwudiebere
