From Juliana Taiwo-Obalonye, Abuja
In a bid to attract foreign investment, Vice President Kashim Shettima addressed Swedish business leaders in Stockholm, emphasising Nigeria’s evolving investment landscape.
Shettima assured Swedish investors that Nigeria’s investment climate is ripe with opportunities. “You can now take unfettered advantage of our ever-growing economy,” he declared, emphasising the government’s commitment to creating a competitive environment under President Bola Ahmed Tinubu’s leadership.
According to a statement issued by his media aide, Stanley Nkwocha, the VP, on a two-day visit aimed at strengthening trade relations, highlighted significant reforms including the unification of exchange rates and the removal of fuel subsidies. “These bold steps are essential for sustainable growth,” he explained, referencing the administration’s Renewed Hope Agenda designed to attract both foreign and domestic investments.
At the Epicenter venue, he noted the historical cooperation between Nigeria and Sweden in areas like trade and technology. “Our partnership holds immense potential across multiple sectors,” he stated, urging investors to explore opportunities in agriculture, digital economy, and renewable energy.
The VP also pointed out that trade between the two nations grew by 30% last year, underscoring the need for deeper collaboration. “This momentum calls us to create a favorable business environment for expanding goods and services,” he added.
“We are an ambitious nation, bound by the limitless potential of the Fourth Industrial Revolution,” he stated, urging investors to explore opportunities in sectors such as digital economy, agriculture, and renewable energy.
Shettima concluded by reaffirming Nigeria’s strategic advantages: “Our youthful population is the real engine of our economy.”
Chairman of Epicenter,
Edgar Luczak, welcomed Shettima’s remarks, affirming that “the future is digital and sustainable.” He expressed readiness to engage actively with Nigeria to foster economic growth.
In a show of commitment to Nigeria’s development, Gluwa announced a $100 million investment to train over 30,000 Nigerians in digital skills. Director Akinola Jones stated, “Our vision is banking the unbanked and connecting the unconnected.”
Ericsson’s Managing Director Peter Olusoji Ogundele revealed plans for a $19 million tech hub in Nigeria, highlighting the country’s potential as a training ground for tech talent. “We can train youths who can compete globally,” he said.