Rasheeda Yahaya
Nigeria’s Vice President, Senator Kashim Shettima, has assured investors that now is the most opportune time to invest in the country, as the nation has moved beyond the phase of economic instability.
Speaking at the Bauchi Investment Summit 2025, Shettima stated that President Bola Ahmed Tinubu’s administration has effectively dismantled key barriers that previously hindered national economic growth.
According to him, Nigeria’s debt servicing costs have dropped to below 50% from over 100%, while the country’s GDP growth rate has risen to 4.23%.
The Vice President further revealed a significant increase in tax and non-oil revenues, which surged by 411% within one year. He also disclosed that Nigeria’s foreign reserves reached $43 billion as of September 2025, noting that “Nigeria has emerged from a period of uncertainty — and this is the best time for investors to choose Nigeria.”
Shettima explained that the Tinubu administration’s decisions to remove fuel subsidies and reform the foreign exchange system were deliberate steps toward ensuring sustainable growth and long-term economic stability.
In his remarks, Bauchi State Governor, Senator Bala Mohammed, expressed appreciation to the Vice President for attending the summit and pledged that the state government would implement the recommendations reached during the event.
Also speaking, the Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar III, urged northern governors and leaders to focus on executing the outcomes of such investment summits. He emphasized that the northern region possesses abundant resources capable of transforming its economy if properly harnessed.
