VP Shettima asks investors to unlock potential in Nigeria’s non-oil sector

Vice President Kashim Shettima has called for a significant shift from dependence on oil to other critical sectors with attractive investment returns in Nigeria.

He identified agriculture, manufacturing, renewable energy and digital innovation, among other sectors as potential investment ground to explore, saying they align with the nation’s development priorities outlined in the Economic Recovery and Growth Plan (ERGP).

The Vice President said this during the Existing Foreign Direct Investors Roundtable at the Banquet Hall of the Presidential Villa, Abuja.

He pointed out that the eight-point agenda of the Renewed Hope administration of President Bola Ahmed Tinubu “signals diverse avenues for investment, from agriculture to renewable energy.”

Senator Shettima assured the investors and other development partners of a business environment that is characterized by transparency, accountability, and regulatory certainty, even as he implored them to “recognise the indispensable role of public-private partnerships in mobilizing resources, sharing expertise, and mitigating investment risks.”

Also, the Deputy Chief of Staff to the President (Office of the Vice President), Senator. Ibrahim Hadejia, commended the development partners, foreign investors and other stakeholders for participating in the meeting.

He outlined some of the efforts made by the administration of President Tinubu to boost the investment climate in Nigeria.

The Technical Adviser to the President on Foreign Direct Investment (FDI), Princess Zahrah Mustapha-Audu presented the summary report of a survey conducted to aggregate views about foreign investments in Nigeria, noting that the outcome of the exercise would be critical to the efforts by the Tinubu administration to boost the investment environment in the country.