• Investment
• IsDB
• VP Shettima

NIGERIA A GREAT PLACE FOR INVESTMENT, SAYS VICE PRESIDENT SHETTIMA TO IsDB

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  CapitalTimesNews / 5 days
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• 3 min read

Nigeria is currently a great time to invest in, thanks to the administration of President Bola Ahmed Tinubu, which has addressed most of the grey areas that previously served as disincentives to investors, Vice President Kashim Shettima has said. In a statement on Tuesday, Senior Special Assistant to the President on Media and Communications, Stanley Nkwocha, quoted Shettima as saying the Renewed Hope administration has laid a solid foundation for investments in Nigeria through critical reforms in key sectors of the economy. Shettima stated this when he received a delegation from the Islamic Development Bank (IsDB) led by the Head of its Regional Hub, Mr. Hammad Hundal, at the Presidential Villa. “It is an exciting opportunity to invest in Nigeria. The administration of President Bola Ahmed Tinubu has created the enabling environment and is still doing so by addressing most of the grey areas that hitherto served as a disincentive. So, this is a great time to invest in Nigeria,” Shettima said. Shettima pointed out that the administration has demonstrated commitment to addressing challenges in critical sectors, including human capital development, nutrition, agriculture, health, education, and promotion of digital trade. “This administration is poised to address the challenges that we have in key areas of human capital development, financial inclusion, infrastructure, and nutrition. In fact, we have no option but to address most of these issues, and we will continue to act in the right direction,” he maintained. The Vice President applauded Nigeria’s partnership with the Islamic Development Bank, noting that both entities are based primarily on the country’s national interest. He urged IsDB to continue supporting key government programs, such as the Special Agro-Processing Zones (SAPZ) program, the i-DICE project, and other initiatives, including the development of a Halal economy in the country. Nkwocha noted that Shettima also called for improved support from the bank in areas of agriculture, human capital development, gender inclusion, investment in education and health infrastructure, and nutrition. “Let us cross-pollinate ideas and come up with a design for your Country Engagement Framework (CEF). I want you to record in your Country Engagement Framework, the development of a Halal economy, promotion of digital trade, financial inclusion, and other areas. I urge closer collaboration to enable us to address some of these challenges,” he said. The IsDB’s head of regional hub in Abuja, Mr. Hundal, said the bank was committed to scaling up its intervention through a holistic review of its Country Engagement Framework (CEF) in Nigeria to prioritize key aspects of President Tinubu’s agenda. The bank’s Country Economist, Dr. Obioma Asuzu, presented the CEF to the Vice President, highlighting key strategic objectives, including boosting recovery, tackling poverty, and driving green economic growth.