Vice President Kashim Shettima, yesterday, declared that “now is a great time to invest in Nigeria, as the administration has addressed most of the grey areas that hitherto served as disincentives to investors.”
According to him, the foundation laid by the Renewed Hope administration through critical reforms in key sectors of the economy is creating the right environment for investments in Nigeria. Shettima spoke when he received a delegation from the Islamic Development Bank (IsDB), led by the Head of its Regional Hub, Hammad Hundal.
“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,” he said.
He pointed out that with well-thought-out interventions in human capital development, nutrition, agriculture, health, education and promotion of digital trade, the administration has demonstrated commitment in addressing challenges in the critical sectors.
The Vice President urged the IsDB to continue on the path already laid through its support for key government programmes such as the Special Agro-Processing Zones (SAPZs), i-DICE project and other initiatives, including the development of a Halal economy in the country.
Earlier in his remarks, the IsDB’s head of regional hub in Abuja, Hundal, said the bank was committed to scaling up its intervention through a holistic review of its Country Engagement Framework (CEF) in Nigeria to prioritise key aspects of President Tinubu’s agenda.
He identified key areas of its intervention in the country to include economic infrastructure, support for the private sector, energy security, and the i-DICE programme.
The highpoint was the presentation of the bank’s CEF to the Vice President by its Country Economist, Dr Obioma Asuzu. The CEF highlights key broad strategic objectives of boosting recovery, tackling poverty, building resilience, and driving green economic growth.
