Reported by: Ime Richard Aondofa | Edited by: Henry Owen
Vice President Kashim Shettima has reaffirmed the Federal Government’s commitment to repositioning Nigeria’s economy for sustainable growth and global competitiveness, stating that President Bola Ahmed Tinubu’s reforms have restored confidence and set the nation on the path of economic stability.
Speaking while declaring open the Bauchi Investment Summit 2025, the Vice President noted that the administration inherited an economy on the brink of financial collapse, with the debt service-to-revenue ratio approaching 100 percent at the time of assumption of office.
He said that through bold and strategic reforms, the Tinubu administration has stabilized key macroeconomic indicators and is now focused on attracting both local and international investments to accelerate growth.
“This administration promised to turn around the fortunes of our nation’s economy, which had been tottering on the edge of a financial crisis. Today, I can assure you that Nigeria has exited that phase of instability and is ready for sustainable investment,” Shettima stated.
The Vice President emphasized that the current period presents the most opportune moment for investors to choose Nigeria as their preferred destination, citing renewed investor confidence, policy consistency, and expanding infrastructure as key enablers.
He attributed the progress to President Tinubu’s decisive economic policies — including the removal of structural bottlenecks that had long hindered the country’s economic advancement.
“The hurdles that previously clogged the wheels of our economic progress have been decisively eliminated. We are building a foundation for inclusive prosperity and long-term resilience,” Shettima added.
The Bauchi Investment Summit, themed “Unlocking Sustainable Prosperity through Industrialization and Partnership”, brought together policymakers, business leaders, and development partners to explore opportunities across key sectors such as manufacturing, energy, agriculture, and infrastructure.
The event also highlighted Bauchi State’s growing role as a gateway for investment in Northern Nigeria, with renewed commitments to private sector development, job creation, and regional trade expansion.
Vice President Shettima’s remarks underscore the administration’s ongoing efforts to translate national economic reforms into tangible progress at the subnational level, aligning with the Renewed Hope Agenda of President Tinubu’s government.
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