Vice President Kashim Shettima has called on global investors to capitalize on Nigeria’s expanding investment opportunities. He made this appeal during a business meeting with Swedish companies in Stockholm, Sweden, as part of his two-day visit to the Nordic country.
Shettima emphasized that the Nigerian government has implemented bold reforms aimed at restructuring the economy for sustainable growth. He highlighted the administration’s “Renewed Hope Agenda,” which is focused on fostering a competitive business environment to attract both foreign and domestic investments.
Speaking at Epicenter in Stockholm, Shettima noted the long-standing cooperation between Nigeria and Sweden in areas such as trade, technology, and sustainable development. He pointed out key investment opportunities in Nigeria, including the digital economy, agriculture, renewable energy, and small and medium-sized enterprises (SMEs), describing the country as “an ambitious nation with limitless potential in the Fourth Industrial Revolution.”
During the business forum, themed “Trade and Investments with a Focus on the Digital Economy, Agriculture, and Renewable Energy,” Shettima assured investors that President Bola Ahmed Tinubu’s administration has taken significant steps to improve Nigeria’s investment climate. He highlighted key reforms, such as the unification of exchange rates and the removal of fuel subsidies, which, though challenging, are necessary for long-term economic growth.
He further explained that the government’s financial sector reforms, including the revised Cashless Policy and Open Banking Framework, have revolutionized banking services, promoting financial inclusion and innovation. These efforts align with the administration’s goal of creating a business-friendly environment that supports both local and international investments.
Shettima also identified digital innovation, agriculture, and renewable energy as critical sectors for addressing global challenges such as food security, climate change, and economic growth. He urged Swedish investors to explore the vast opportunities in these areas, emphasizing the potential for mutual benefits through collaboration.
Citing a 30% increase in trade between Nigeria and Sweden in 2022, the Vice President stressed the importance of deepening ties between the two nations. He also underscored Nigeria’s strategic advantages, including its large and dynamic population, noting that the country’s youthful talent is the driving force behind its economic progress.
In conclusion, Shettima encouraged Swedish investors to seize the opportunities in Nigeria and work together to build a prosperous and sustainable future.