Nigeria’s Vice President, Kashim Shettima, reiterated the country’s openness to investment and collaboration across a range of sectors, citing President Bola Tinubu’s determination to transform the economy. He said the bold reforms launched since 2023 demonstrate a renewed commitment by Nigeria’s leadership to economic improvement. Shettima made these remarks during a courtesy visit by a Visa delegation, 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 the ongoing reforms have been challenging but necessary, and that they are already yielding positive results. He noted that President Tinubu’s administration is focused on expanding the Nigerian economy, pointing out that eight of the ten African unicorns are based in Nigeria—a clear indicator of significant growth and investment opportunities.
Recent data from the National Bureau of Statistics support this outlook. The agency reported that inflation eased to 20.12 % in August 2025, down from 21.88 % in July 2025, reflecting a 1.76 % drop in the headline rate. The month‑on‑month headline inflation for August was 0.74 %, while food inflation stood at 1.65 % on a monthly basis. These figures suggest that the government’s economic reforms are having a positive impact on price stability.
The Nigerian government’s efforts to improve the economy are crucial for attracting new investments and collaborations. With signs of growth, international companies such as Visa are taking notice and exploring partnership opportunities. The recent visit by the Visa delegation underscores the growing interest in Nigeria’s economy.
As Nigeria continues to implement its reform agenda, the country is likely to become an increasingly attractive destination for investors and businesses. With President Tinubu’s administration committed to transforming the nation’s economy, Nigeria is poised to emerge as a major player in the global economic landscape.
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