Vice President Kashim Shettima has said Nigeria has no reason to remain a poor nation despite its vast natural and human resources.
Shettima made the remark on Wednesday while delivering the keynote address at the Agric, Development and Investment Summit in Abuja.
Highlighting the country’s untapped economic potential, he noted that Indonesia generated more revenue from oil palm in 2025 than Nigeria earned from crude oil.
The vice president said, “Indonesia is an oil producing but in 2025 it earned 25 billion dollars from 53 tons of crude palm oil while exporting only 32 million tons, its revenue exceeded more than Nigeria’s oil revenue with just 50 percent of what Indonesia earned from oil palm export.
“The Niger Delta is the third largest Delta in the world, and what do people in Mariculture do? Fish farming like Salmond, Tuner, lobsters, and the Delta is endowed with those resources.
“In this great nation of ours, we have no business being poor, we have the potential to be one of the richest countries in the world. There are certain parts of this country where money can grow, you can plant money and harvest tremendous money resources.”
