Shettima: Nigeria’s $1 trillion economy ambition driven by enterprise, investment, reforms

Politics

LAGOS, Nigeria (NPA) — Vice President Kashim Shettima has said Nigeria’s ambition of building a $1 trillion economy is anchored on enterprise, investment, and coordinated reforms across all levels of government.

He identified Lagos State as the clearest example of how effective subnational leadership can accelerate national economic transformation and drive sustainable growth.

Speaking on Monday while declaring open the Invest Lagos 3.0 Summit at Eko Hotel and Suites, Victoria Island, Lagos, Shettima said Nigeria’s economic future depends on creating an enabling environment where capital, innovation, and productive enterprise can flourish.

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Addressing an audience comprising policymakers, global investors, entrepreneurs, development institutions, and business leaders, the Vice President described Lagos as Nigeria’s foremost economic gateway and one of Africa’s most influential hubs for commerce and investment.

According to him, the state’s remarkable economic progress demonstrates the critical role of visionary leadership, strategic planning, and investor-friendly policies in driving economic expansion.

Shettima noted that the Federal Government remains committed to implementing reforms aimed at improving the business environment, attracting investment, boosting productivity, and unlocking the country’s vast economic potential.

He stressed that achieving the $1 trillion economy target would require stronger collaboration between the federal and subnational governments, as well as sustained private-sector participation.

The Vice President further assured investors of the government’s determination to build a stable, competitive, and inclusive economy capable of creating jobs, expanding opportunities, and delivering prosperity for Nigerians.