Vice President Kashim Shettima, in a groundbreaking announcement, has projected Nigeria’s emergence as a global economic powerhouse under President Bola Ahmed Tinubu’s leadership. Speaking during a meeting with a delegation from the Commonwealth Enterprise Investment Council (CWEIC), Shettima outlined the Tinubu administration’s unwavering dedication to fostering an unparalleled business-friendly atmosphere conducive to both local and international investors.
Highlighting key strategies, Shettima emphasized harnessing the country’s youthful talent in digital technology, improving electricity infrastructure, and bolstering production and manufacturing sectors. He assured stakeholders of a harmonious collaboration between the executive arm of government and the National Assembly to modernize frameworks such as the Institute of Chartered Accountants of Nigeria’s enabling Act of 1965, aligning them with global standards.
Shettima emphasised that, “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”.
“We are committed to transforming our demographic bulge into dividends,” stated VP Shettima, echoing President Tinubu’s pro-business stance rooted in his own background in the business realm. Shettima emphasized Nigeria’s readiness for investment, projecting it as a prime destination for global investors under Tinubu’s leadership.
Rosie Glazerbrook, CEO of CWEIC, echoed this sentiment, pledging support for Nigeria’s economic growth and announcing upcoming events geared toward boosting trade and investment, including forums in London and Nigeria.
“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,” he said.
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The meeting also witnessed the presence of notable figures like Chief Jim Ovia of Zenith Bank and CWEIC Chair in Nigeria, Mr. Olasupo Shasore, demonstrating widespread support for Nigeria’s economic agenda.
In another significant development, VP Shettima assured ICAN of governmental support in revising its outdated Act of 1965, acknowledging the institute’s pivotal role in national development and expressing admiration for its apolitical stance and contributions to economic policy formulation.
Dr. Innocent Okwuosa, President of ICAN, applauded the Tinubu administration’s bold economic measures and invited VP Shettima to ICAN’s forthcoming conference, highlighting the institute’s contributions to shaping economic policies and fostering national development through research and active participation in government committees.
VP Shettima’s proactive engagements and commitments underscore the administration’s resolute pursuit of economic revitalization and partnership with key stakeholders to propel Nigeria towards unprecedented economic heights.
