Vice President Kashim Shettima has declared that President Bola Ahmed Tinubu’s sweeping policy reforms are designed with one purpose, to uplift the lives of everyday Nigerians and position the country as a thriving hub for business and investment.
Speaking on Thursday at the Presidential Villa in Abuja while receiving a delegation from the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), led by National President Mr. Jani Ibrahim, Shettima affirmed that the Tinubu administration remains resolute in its mission to revive the Nigerian economy.
Highlighting the government’s aggressive economic overhauls, Shettima pointed to the removal of fuel subsidies, unification of exchange rates, and the introduction of a reformed tax framework as critical pillars of Tinubu’s strategy to reset the nation’s fiscal direction. Despite resistance from powerful interest groups, he noted that President Tinubu has shown rare political courage by pushing forward with reforms that many past administrations avoided.
“Nigeria is open for business, and the private sector is central to this new vision,” Shettima declared, emphasizing his deep ties to the business community. He described the private sector as the engine of the economy, while the government’s role is to create a fertile ground for innovation, investment, and sustainable growth.
He also assured the business leaders that the Tinubu-led government belongs to them, insisting that the president’s understanding of commerce and investment, shaped by his own business background, gives him a unique insight into the needs and challenges of entrepreneurs across the country.
According to Shettima, Tinubu’s decision to eliminate fuel subsidies, a longstanding policy that drained public resources and encouraged inefficiency, demonstrates the administration’s commitment to long-term national interest over political expediency. He acknowledged that the move attracted opposition from entrenched oil interests but maintained that it was a necessary sacrifice to reposition Nigeria for sustainable development.
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Earlier in his remarks, Mr. Jani Ibrahim informed the Vice President of his recent election as NACCIMA President and Chairman of the Organised Private Sector (OPS), expressing confidence in Shettima’s leadership and track record in navigating economic issues of national importance.
Ibrahim stressed the need for stronger collaboration between the government and the private sector, identifying businesses as the real drivers of Nigeria’s economic growth. He proposed consistent engagement between the Vice President’s office and private sector stakeholders, and called for private sector representation on major government boards, particularly in sectors like trade, industry, and MSME development.
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