Vice President Kashim Shettima says the Nigerian government will give its fullest support to domestic and foreign investors.
Shettima spoke on Friday, July 28, while addressing political and business leaders at the second plenary session of the Russia-Africa summit in St. Petersburg, Russia.
The vice president assured that the Bola Tinubu administration is taking decisive steps to fight crime, punish offenders, tackle insurgency, and do everything necessary to secure the lives and investments of everyone in Nigeria.
Shettima maintained that the Tinubu administration is determined to consolidate on industrialising Nigeria and diversifying its economy into sectors that the country has a comparative advantage.
“The administration of President Tinubu recognizes the private sector as the engine of growth and a veritable partner in our economic agenda, and will therefore give the fullest possible support to foreign and domestic investors,” Shettima was quoted to have said in a statement by his media aide, Olusola Abiola.
“The administration has identified key growth drivers and sectors that are very important to the diversification of the Nigerian economy, including power, transportation, infrastructure, maritime, agro-processing, mining, manufacturing, petro-chemicals, food processing and textiles.
“The Nigerian government considers these sectors as key priority areas that will drive the country’s economic agenda.”
Shettima further called on companies in Russia to take advantage of the abundant potential in Nigeria to invest in strategic areas so as to derive maximum benefits.
On the Russia vs Ukraine crisis, Shettima said Nigeria is not aligning with any conflict situation, but the country is deeply concerned about the potential impact of the crisis on global peace and security.
“We call on parties to resolve the conflict through diplomatic means as that is the best option for resolving conflicts and fostering international peace and security.”
Shettima commended President Vladimir Putin for convening the summit.
