Shettima seeks stronger FG, private sector synergy for economic growth

Vice President Kashim Shettima has reaffirmed the federal government’s commitment to fostering a strong partnership with the private sector to drive Nigeria’s economic growth and industrialisation.

He said the private sector is critical in driving the industrialisation and job creation agenda of this administration.

Speaking during a meeting with a team from the Nigerian Economic Summit Group (NESG) ahead of the group’s 30th Nigerian Economic Summit, he noted that the government’s focus on improving key infrastructure, such as power, is designed to create an environment where businesses can thrive. Emphasising the critical role of electricity in driving industrialisation, Shettima said without power, there would be no industrialisation.

He also pledged support for the private sector, calling it an essential partnership for economic growth, adding that they want to create hope and opportunities for the youths, and the resources are there to do it.

Special Adviser to the President on Economic Matters, Tope Fasua, urged the NESG to turn discussions into tangible results just as the SA to the President on NEC and Climate Change, Rukaiya El-Rufai, emphasised the need for action, calling on the NESG to localise global discussions to ensure post-summit coordination and impactful outcomes.

Chairperson of the Central Planning Committee for the 30th Nigerian Economic Summit, Omoboyede Olusanya, said the summit is a pivotal platform for discussing regulatory reforms essential for economic competitiveness. He said key events will include a meeting with CEOs from Francophone countries and sessions that will tackle topics like local pharmaceutical manufacturing and energy sector dynamics, aiming to foster collaboration among stakeholders for sustainable development.

He noted that in addition to these discussions, the summit will feature design workshops aimed at addressing critical issues such as food security, digital inclusion and healthcare access.

“There will also be high-level panels addressing fiscal reforms and infrastructure development, underscoring the need for strategic investments,” he said.