Vice President Kashim Shettima has declared Nigeria a prime destination for global investment, citing bold economic reforms and renewed fiscal discipline that have begun to stabilise the nation’s economy and currency.
Speaking during a meeting with Citibank’s top global executives, led by the Global Head of Citibank International, Ernesto Torres Cantu, at the Presidential Villa in Abuja, Shettima said the current administration’s reforms have opened unprecedented opportunities for foreign capital.
“This is the right time to come to Nigeria and the right time to invest in Nigeria,” the Vice President said. “With the uniform exchange rate, an investor coming into Nigeria will be assured of the stability of the currency.”
Shettima highlighted the government’s commitment to protecting investments and creating a transparent, business-friendly environment. He praised Citibank for its long-standing partnership with Nigeria, noting the bank’s significant role in supporting the country’s economy.
“You have been with us through thick and thin,” Shettima said. “You have accounted for more than 30 per cent of inward capital into this country. Most recently, you helped us raise $2.1 billion in December 2024. This is a partnership that has stood the test of time.”
The Vice President outlined several reforms implemented since President Bola Ahmed Tinubu took office, including the removal of fuel subsidies and efforts to reduce national debt.
He noted that while previous administrations avoided such steps due to political risks, the Tinubu administration has prioritized economic stability and long-term growth.