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VP Shettima Returns from 2025 Davos Forum, Showcases Nigeria’s Economic Reforms

During the global summit, Vice President Shettima presented Nigeria as an attractive destination for investments, participated in high-level discussions, and engaged with world leaders and international organizations to advance the country’s economic interests.

At a forum organized by the African Development Bank (AfDB) and WEF titled “Roadmap to Co-create Investment Opportunities for Africa’s Frontier Markets,” the Vice President reiterated Nigeria’s commitment to attracting sustainable investments to drive growth.

He also highlighted Nigeria’s dedication to the African Continental Free Trade Area (AfCFTA) and underscored the importance of digital trade as a catalyst for economic transformation, projecting Africa’s potential to achieve a $29 trillion economy by 2050.

In bilateral meetings with global leaders, including Botswana’s President, Duma Boko, and South African President, Cyril Ramaphosa, Vice President Shettima emphasized the need to strengthen intra-African ties and promote partnerships that support trade and development.

Additionally, the Vice President engaged with Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO), and Børge Brende, President of the World Economic Forum, on collaborative strategies to tackle Africa’s pressing challenges such as energy security, food crises, and environmental issues.

During his engagements, VP Shettima highlighted Nigeria’s economic reforms under President Bola Ahmed Tinubu’s administration, including subsidy removal, exchange rate adjustments, and tax system reforms, which he described as steps towards sustainable economic growth.

He also served as a panelist at the “Financial Times Global Risks 2025” dialogue, where he emphasized multilateral cooperation in addressing global crises and advocated innovative solutions in education and agriculture to empower Nigeria’s youth and boost economic development.

The Vice President was accompanied by senior government officials, including the Minister of Foreign Affairs, Amb. Yusuf Tuggar; Minister of Finance, Mr. Wale Edun; Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole; and Executive Secretary of the Nigerian Investment Promotion Commission, Aisha Rimi.

Upon his return to Abuja, Vice President Shettima was warmly received at the Nnamdi Azikiwe International Airport by Borno State Governor, Professor Babagana Zulum, and other government officials.

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