VP Shettima Hails Tinubu’s Policies For Reviving Nigeria’s Economy
As Nigeria faces multiple challenges ranging from economic instability to security concerns, Vice President Kashim Shettima has expressed confidence that the policies introduced by President Bola Ahmed Tinubu are gradually steering the country back on the path of growth and development. Speaking at a recent event, Shettima emphasized that the government’s transformative initiatives are beginning to yield positive results, and that Nigerians can expect long-term prosperity as a result of these reforms.
One of the central pillars of Tinubu’s administration has been focused on revitalizing the Nigerian economy, which has struggled with inflation, high unemployment rates, and a reliance on oil exports. According to Shettima, the government’s economic reforms are already laying the foundation for a more diversified and resilient economy.
These reforms include the unification of exchange rates, the removal of fuel subsidies, and the introduction of tax incentives for small and medium-sized enterprises (SMEs). While these changes have been met with mixed reactions, Shettima remains steadfast that they are necessary to promote fiscal responsibility and create a sustainable economic framework.
“The President’s policies are creating an enabling environment for businesses to thrive, and we are seeing the early signs of growth in sectors like agriculture, technology, and manufacturing,” Shettima said. “In the long term, these efforts will reduce Nigeria’s dependence on oil and lead to sustainable economic growth.”
One of the most pressing challenges facing Nigeria is its rising inflation and mounting public debt. Shettima acknowledged that these issues are significant but stressed that the government’s approach is designed to address them comprehensively. The policy of gradually removing subsidies on fuel, for example, has been a contentious issue, with many Nigerians expressing concern over the increase in transportation and energy costs. However, the government has maintained that this is a necessary step for achieving fiscal stability.
“Our goal is to bring down inflation, stabilize the naira, and reduce our dependence on borrowing,” Shettima explained. “While these changes may be painful in the short term, they are essential for the long-term health of the economy. We are focused on creating a solid foundation for the future.”
The Tinubu administration has also made significant strides in improving Nigeria’s security situation, which has long been a critical factor in the country’s economic underperformance. Shettima noted that the government’s renewed focus on enhancing the capacity of security forces, including combating insurgency and addressing banditry, is vital for creating a stable environment for investment and development.
“Security is a critical component of economic growth,” Shettima said. “We cannot attract investments or foster sustainable development without ensuring the safety and well-being of our citizens. The President’s policies are making significant progress in this area, and we are seeing positive shifts in many regions.”
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