Economy
We’re Facing Challenges, VP Shettima Acknowledges
In a recent meeting with Denmark’s Minister for Development Cooperation and Global Climate Policy, Mr Dan Jorgensen, Vice President Kashim Shettima acknowledged Nigeria’s current challenges. However, he expressed optimism, citing President Bola Ahmed Tinubu’s passion, intellect, and capacity to lead the nation towards prosperity and progress.
During the courtesy visit at the Presidential Villa in Abuja on Monday, Vice President Shettima emphasized the need to address challenges with determination. He stated, “We are facing challenges but where there is a will, there is a way. The president is a man imbued with passion, intellect, and capacity to lead the nation on the path of prosperity and progress. He really wants to bring a new lease of life to the Nigerian nation because if Nigeria works, Africa works.”
Highlighting the evolving role of oil in the economy, Shettima emphasized the necessity of exploring alternatives. He stated, “Oil will still be relevant because of its other derivatives for the next decades, but as the primary driver of the economy, the role of oil will diminish in the coming years.” The vice president outlined the administration’s commitment to seeking investments in digital technology, clean energy, and other sectors, emphasizing opportunities for partnership and collaboration.
Shettima also underscored Nigeria’s vast potential in digital technology, the outsourcing industry, and the clean energy sector. These strengths, he believes, will continue to attract investments as part of the nation’s energy transition plan and agenda to diversify the economy.
Danish Minister Jorgensen, in response, expressed admiration for Nigeria’s leadership and commitment to climate sustainability. The discussions during the meeting highlighted the importance of international collaboration and investment in key sectors to address challenges and promote sustainable development in Nigeria.
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