Shettima urges PPP expansion for Nigeria’s $1trn economy goal

Abdullateef Fowewe

Vice President Kashim Shettima has called for aggressive expansion of public-private partnerships (PPPs) to fuel Nigeria’s economic ambitions during Thursday’s National Council on Privatisation (NCP) meeting at the Presidential Villa.

Shettima according to statement on Thursday by Stanley Nkwocha Senior Special Assistant to The President on Media & Communications (Office of The Vice President) stressed aligning investments with national priorities, saying, “The task before us is not only to ensure that Nigeria emerges as a safe destination for private investment, but to align that investment with the governing purpose of this administration.”

He highlighted progress like the Eko DISCO sale and warned against policy overlaps, “Policy confusion is expensive. Overlapping mandates unsettle the market.”

Bureau of Public Enterprises Director General Ayodeji Gbeleyi updated on a $500 million World Bank-funded metering drive to close the 5.6 million gap.

“We have signed a contract for 1,437,000 metres almost 400,000 have been installed,” he said, aiming to end estimated billing.

Gbeleyi also noted BPE’s swift audit updates and NCP approvals for N157 million in NICON staff allowances plus Enugu coal block leases.

The push supports President Tinubu’s $1 trillion GDP target through optimised assets.