Nigeria’s Vice President, Kashim Shettima, has reiterated the country’s openness to investments and collaborations across various sectors, citing President Bola Tinubu’s determination to transform the nation’s economy. According to Shettima, the results of the administration’s bold reforms since 2023 demonstrate the renewed commitment of Nigeria’s leadership to economic improvement.
Shettima made these remarks during a courtesy visit by a delegation from Visa, led by Regional President for Central and Eastern Europe, Middle East and Africa, Tareq Muhmood, to the Presidential Villa in Abuja. The Vice President acknowledged that while the ongoing reforms have been challenging, they are necessary and have begun to yield positive results in the economy.
President Tinubu’s administration has been focused on expanding the Nigerian economy, with Shettima noting that eight out of ten African unicorns are from Nigeria. This indicates a significant opportunity for growth and investment in the country. The National Bureau of Statistics (NBS) recently reported that the inflation rate in Nigeria eased to 20.12% in August 2025, down from 21.88% in July 2025.
The NBS attributed the decrease to a 1.76% drop in the headline inflation rate. The month-on-month headline inflation rate in August 2025 was 0.74%, while the food inflation rate was 1.65% on a monthly basis. These statistics suggest that the government’s economic reforms are having a positive impact on the country’s inflation rate.
The Nigerian government’s efforts to improve the economy are crucial for attracting new investments and collaborations. With the country’s economy showing signs of growth, international companies like Visa are taking notice and exploring opportunities for partnership. As Nigeria continues to implement economic reforms, it is likely that the country will become an increasingly attractive destination for investors and businesses.
The recent visit by the Visa delegation is a testament to the growing interest in Nigeria’s economy. As the country continues to open up to new investments and collaborations, it is expected that the economy will experience further growth and development. With President Tinubu’s administration committed to transforming the nation’s economy, Nigeria is poised to become a major player in the global economy.
