Shettima woos investors, says Nigeria ready for business

Vice President Kashim Shettima, on Wednesday in Rome, urged foreign investors to take advantage of the opportunities in Nigeria, declaring that the country is now ready for business.⁣

The Vice President noted that the combination of Nigeria’s young, energetic population and the agenda of the new administration placed the country far ahead of others in the region. ⁣

According to a statement signed on Tuesday by the State House Director of Information, Office of the Vice President, Olusola Abiola, Shettima said this at a side event of the ongoing UN Food Systems Summit, themed ‘Scaling up of multi-stakeholder collaboration and investments in the implementation of the food systems pathways in Nigeria.’ ⁣

According to the Vice President, “We have the capacity of transforming the demographic bulge into demographic dividends or it will be the demographic disaster that will consume all of us.

Nigeria will surpass the United States as the third most populous nation on earth and the population is young. The median age is 19.

He also hoped that the expected transformation can occur on the back of what he described as “building blocks that already exist in Nigeria”. ⁣

They include the government’s recent declaration of a state of emergency on food security, moving food and water to the purview of the National Security Council; the country’s renewed commitment to food and nutrition since the Nutrition Conference of 2022; the National Food and Micro-Nutrient Intake Survey and the National State Level Food Systems, the VP explained. ⁣

He emphasized improved collaboration between the government and the private sector, saying “Focusing on agribusiness and the understanding that investment that will transform the food system will come from the private sector with the government providing the enabling environment, will scale up investment in the country.” ⁣

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