Shettima affirms Tinubu’s bold economic policies creating business-friendly environment

Abdullateef Fowewe

The Vice President, Kashim Shettima, has reiterated that President Bola Tinubu’s bold economic reforms are being implemented with the best interests of Nigerians at heart.

This was obtained in a statement issued on Thursday by the Senior Special Assistant to The President on Media & Communications (Office of The Vice President), Stanley Nkwocha.

Speaking on Wednesday during a courtesy visit by the newly elected executives of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) to the Presidential Villa in Abuja, Shettima stressed that the administration has established an enabling environment for serious business operations in the country.

Highlighting key reforms, the Vice President identified the removal of the fuel subsidy, the realignment of multiple exchange rates, and ongoing tax reforms as pivotal steps taken by the current administration to stabilize and grow Nigeria’s economy.

“I can assure you that Nigeria is ready for business, and you are the drivers of change. I plead guilty to romancing with the business community – the manufacturing sector; the productive sector. This is how great nations build; this is how Korea became what it is,” Shettima told the NACCIMA delegation led by their National President, Engr. Jani Ibrahim.

He further asserted Tinubu’s unwavering commitment to these reforms, noting, “While fuel subsidy had been an albatross around the neck of successive administrations, he had the courage and the conviction to withdraw fuel subsidy… He stood his ground because what he did was in the best interest of Nigerians.”

Jani Ibrahim, who assumed office as NACCIMA National President and Chairman of the Organised Private Sector a month ago, praised Vice President Shettima’s leadership of key economic bodies such as the National Economic Council and the National Council on Privatisation.

He underscored the importance of government-private sector partnership as foundational to national prosperity.

“National prosperity is anchored on strong collaboration between government and private sector. We recognise the private sector as the engine of growth while the government sets the enabling framework,” Ibrahim said.

He also called for regular engagement mechanisms between the organised private sector and government, and inclusion of private sector representatives in critical government councils related to trade, industry, and SMEs.

The NACCIMA executive team was elected last month at the association’s 65th Annual General Meeting and Conference held in Ilorin, Kwara State.