We’re repositioning Nigeria as global investment hub – Shettima Shettima

We’re repositioning Nigeria as global investment hub – Shettima
Shettima

Vice President Kashim Shettima on Friday said the Renewed Hope Agenda of President Bola Tinubu’s administration is a transformative policy thrust aimed at repositioning Nigeria as a prime global investment destination.

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The Vice President said with the agenda hinged on the core pillars of democracy, development, demographics, and diaspora engagement, the present moment serves as the opportune time to remind both Nigerians and the global community that Nigeria stands ready to embrace the future and conduct business.

Speaking during a High-level Dialogue on Delivering the Renewed Hope Agenda on the theme, “Nigeria’s Global Ambitions: From Hope to Reality,” in Abuja, Senator Shettima outlined the administration’s ambitious roadmap, noting President Tinubu’s commitment to bold reforms and strategic partnerships to revive the nation’s economy and enhance security.

He said, “Our reason for this gathering is less about the certainty of our vision for this nation. This has never been in doubt. We are here because of our place in a world of opportunities—a world that can’t afford to neglect or underestimate our place.

“The Renewed Hope Agenda is not just a policy framework; it is a statement of commitment, a covenant between us and the people.”

The Vice President pointed out that at the heart of the administration’s foreign policy approach, dubbed the ‘Tinubu Doctrine,’ is a ‘4-D Diplomacy Strategy’ centred on promoting democracy, driving economic development, harnessing Nigeria’s demographic potential, and engaging with the diaspora community.

He lauded the vital role of Nigerians in the diaspora, who contributed over $168 billion in remittances between 2015 and 2022, surpassing Overseas Development Assistance.

“This is further evidenced by the recently announced $10 billion Diaspora Fund—a multi-sectoral investment initiative set to be launched soon and expected to strengthen ties with our diaspora community while boosting forex inflows to support our national development plans,” the Vice President said.

Shettima also highlighted President Tinubu’s interventions on the economy, including a ₦75 billion investment initiative to revolutionize the manufacturing sector and the Renewed Hope Infrastructure Development Fund to facilitate effective infrastructure development across key economic sectors.

Cooperation, Mr. Dapo Oyewole, reiterated Nigeria’s commitment to long-lasting partnership with the global community.

“President Bola Ahmed Tinubu’s foreign policy will continue to accommodate the interests of all Nigerians and ensure mutual and beneficial partnerships with all nations,” Oyewole said.

Oyewole added that Nigeria will continue to work to unlock all hidden economic treasures in the country.

In his remarks, the Managing Director of the Bank of Industry, Dr. Olasupo Olusi, said the event marked a critical reflection point for all who have explored optimally to harness international corporations in achieving the noble goals of President Tinubu’s Renewed Hope Agenda.

Expressing delight with the theme of the dialogue, “Leveraging International Cooperation to Enhance Trade, Investment and Sustainable Development in Nigeria,” he said the Bank of Industry has witnessed firsthand the transformative power of strategic partnership in driving economic growth and fostering inclusive development under the Tinubu administration.

Also in attendance were Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hassan Hadejia; Minister of Women Affairs, Mrs Uju Kenedy Ohaneye; European Union Ambassador to Nigeria and ECOWAS, Amb. Samuel Isopi; Special Adviser to the President on Policy Coordination and Head of Central Delivery Unit, Ms. Hadiza Bala Usman; Chief Executive Officer, Nigerian Investment Promotion Commission; and Acting Country Director of World Bank, Nigeria.

Others were the Special Adviser to the President on Economic Affairs, Dr. Tope Fasua, among other senior officials.