Korede Abdullah in Lagos
Vice President Kashim Shettima has extended an invitation to global investors to capitalize on Nigeria’s burgeoning investment opportunities.
Speaking at a business meeting with Swedish entrepreneurs in Stockholm, Sweden, Shettima emphasized the Federal Government’s bold reforms aimed at restructuring the nation’s economy for sustainable growth.
The Vice President highlighted the administration’s “Renewed Hope Agenda,” which focuses on creating a competitive business environment that attracts foreign and domestic investments.
He cited key sectors such as digital economy, agriculture, renewable energy, and Micro, Small and Medium-sized Enterprises (MSMEs) as areas ripe for investment.
Shettima noted that Nigeria and Sweden have a long history of cooperation in trade, technology, and sustainable development, with trade between the two nations growing by 30% in 2022.
He encouraged Swedish investors to seize the opportunities in Nigeria, emphasizing the potential for collaboration across multiple sectors.
Some of the key areas Shettima identified as crucial for investment include Digital Economy, which boasts a large ICT market and growing tech industry.
Other vital sectors are agriculture, offering opportunities for investment in production and processing, renewable energy, as Nigeria shifts towards sustainable energy sources, and MSMEs, supporting small businesses and entrepreneurs.
These sectors are expected to drive Nigeria’s economic growth and diversification, leveraging the country’s strategic assets, such as its youthful demographic and robust agriculture sector.
By investing in these areas, Nigeria aims to create a competitive business environment, attract foreign and domestic investments, and transition to a more sustainable economy.
The Vice President assured investors that the Tinubu administration has implemented bold financial reforms, including unification of exchange rates and removal of fuel subsidies, to create a favourable business environment.
Shettima concluded by emphasizing Nigeria’s strategic advantage, driven by its large and creative youth population, which he described as the real engine of the nation’s economy.
