Vice President Kashim Shettima has declared Nigeria free from economic instability, assuring investors that the country is now a prime destination for investment.
Speaking at the Bauchi Investment Summit 2025, Shettima credited the administration of President Bola Ahmed Tinubu with implementing bold reforms that have revitalized the economy, creating a stable and attractive environment for business.
Shettima highlighted key economic gains, including a debt service-to-revenue ratio reduced to below 50%, a GDP growth rate of 4.23% as of September, a 411% year-on-year surge in non-oil revenues, and a tax-to-GDP ratio increase to 13.5% from 7%.
He also noted that Nigeria’s external reserves have climbed to $43 billion. “Through strategic reforms like exchange rate harmonization and fuel subsidy removal, we have exited economic instability.
There is no better time to invest in Nigeria,” Shettima emphasized.The Vice President urged investors to tap into Bauchi State’s vast potential in agriculture, solid minerals, tourism, renewable energy, and infrastructure.
He reaffirmed the administration’s commitment to prioritizing security to sustain growth and bolster investor confidence.Bauchi State Governor Bala Mohammed welcomed attendees, pledging to ensure investor safety and implement the summit’s recommendations.
Borno State Governor Babagana Zulum echoed the call, highlighting the North’s rich agricultural and mineral resources and its improved ease of doing business.
Prominent figures, including former President Olusegun Obasanjo, former Head of Civil Service Mahmud Yayale Ahmed, and the Sultan of Sokoto, Abubakar Sa’ad III, also attended, stressing the importance of good governance, security, and public-private partnerships to drive investment.
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