Nigeria Will Become Global Economic Force Under Tinubu – Shettima

Vice President Kashim Shettima has tipped Nigeria to become a major economic force in the world under President Bola Ahmed Tinubu.

According to him, 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.

This is just as he assured a delegation from the Institute of Chartered Accountants of Nigeria (ICAN) who 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 in order to ensure its current practices are in harmony with global standards and international best practices.

Addressing the CWEIC delegation earlier, VP Shettima in a statement by his spokesman, Stanley Nwocha 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 said 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.

Speaking on the country’s position in the global growth projections, Senator Shettima 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,” he emphasised.

On her part, the CEO of the Commonwealth Enterprise Investment Council (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.