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🇳🇬 Nigeria /Economy & Trade

Invest in Nigeria before opportunity becomes expensive - Shettima

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

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  • Vice President Kashim Shettima urged local and foreign investors to invest in Nigeria, emphasizing that current economic reforms have restored confidence and created an enabling environment.
  • He highlighted Delta State as a prime investment destination due to its oil wealth, diversification efforts, strategic coastline, ports, and natural resources.
  • Governor Sheriff Oborevwori announced the state has earmarked $100 million in Viability Gap Funding to de-risk private sector investments and accelerate industrialization.

Nigeria's Vice President Kashim Shettima is encouraging local and foreign investors to capitalize on the nation's improving economic outlook, asserting that now is the optimal time to invest before opportunities become more costly. Speaking at the Delta State Economic and Investment Summit 2026 in Asaba, Shettima highlighted that President Bola Tinubu's administration has implemented economic reforms that have bolstered investor confidence and macroeconomic stability.

Every state possesses immense promise with its unique history, geography, people and comparative advantage. This is the race we must welcome, a race in which states compete to create employment, prosperity and human dignity.

— Vice President Kashim ShettimaHighlighting the competitive potential of Nigerian states to attract investment and create opportunities.

Shettima described Delta State as a "first-order investment destination." He noted that beyond its significant oil wealth, the state's deliberate focus on economic diversification makes it particularly attractive. Its strategic coastline, ports, natural gas reserves, refining assets, agricultural potential, blue economy opportunities, and rich solid mineral deposits position it to become a major industrial and commercial hub. The Vice President also pointed to recent upgrades by Fitch Ratings, S&P Global Ratings, and Moody’s as evidence of growing international confidence in Nigeria's economy.

These are proof that Nigeria is regaining credibility, and the best time to invest is now before the opportunity becomes expensive.

— Vice President Kashim ShettimaCiting rating agency upgrades as evidence of Nigeria's improving economic standing and urging timely investment.

Governor Sheriff Oborevwori of Delta State announced that the state government has allocated $100 million as Viability Gap Funding. This initiative is designed to de-risk strategic private sector investments, moving beyond discussions to translate commitments into tangible projects. The goal is to accelerate industrialization, economic diversification, and job creation within the state. The summit itself followed investment promotion missions undertaken by Delta State to China and Brazil in 2025, aimed at securing strategic global partnerships.

We are co-travellers on the road from promise to production, from allocation to transformation, and from potential to prosperity.

— Vice President Kashim ShettimaAssuring investors of the Federal Government's commitment to supporting credible investments alongside state governments.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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