Sub-nationals must drive Nigeria’s investment, tourism growth - Shettima
Summarized and contextualized by DistantNews.
At a glance
- Nigeria's Vice President Kashim Shettima emphasized that sub-national governments must lead economic expansion through investment and tourism.
- He stated that a new national compendium will assist states in converting assets into jobs, capital, and productivity.
- Shettima highlighted the importance of states properly documenting their assets to attract investment and grow tourism.
Nigeria's economic future hinges on the proactive engagement of its states in driving investment and tourism, according to Vice President Kashim Shettima. He asserted that the nation's next phase of economic expansion will largely depend on the ability of individual states to effectively document their assets, attract investment, foster tourism growth, and transform local potential into tangible job opportunities and increased productivity.
Shettima announced the upcoming release of a new national compendium, designed to serve as a crucial tool for states. This resource will guide them in cataloging their assets and leveraging them to generate employment, secure capital, and enhance overall productivity. The Vice President stressed that a clear and comprehensive understanding of state-level assets is fundamental for attracting both domestic and foreign investment.
Nigeria’s next phase of economic expansion will depend largely on the ability of states to properly document their assets, attract investment, grow tourism and convert local potential into jobs.
"Sub-nationals must drive Nigeria’s investment, tourism growth," Shettima stated, underscoring the critical role of state governments in this economic revitalization effort. He believes that by meticulously documenting their resources and potential, states can create a more attractive environment for investors. This, in turn, is expected to stimulate economic activity, create jobs for citizens, and contribute significantly to the nation's overall economic development.
Sub-nationals must drive Nigeria’s investment, tourism growth
Originally published by Vanguard. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.