Tinubu committed to fixing Nigeria’s problems, says Shettima

Vice President Kashim Shettima has called for continued patience and support from Nigerians, asserting that the administration of President Bola Ahmed Tinubu is resolutely focused on addressing the nation's multifaceted challenges. Speaking at the Nasarawa Investment Summit, Shettima painted a picture of a nation on the brink of fiscal collapse in 2023, burdened by substantial debt servicing obligations that consumed nearly all government revenue. He emphasized that President Tinubu's bold decisions and economic reforms have since steered the country towards recovery and success across various economic sectors.

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When this administration came into office in 2023, Nigeria was at the edge of a fiscal trap. But President Bola Ahmed Tinubu is a man of honour. Instead of blaming the previous administration, he took the bold decision to work for the nation.

Shettima highlighted the administration's commitment to fostering an economy that rewards productivity and enterprise, contrasting it with the previous order that he claimed benefited privileged intermediaries through arbitrage, oil subsidies, and exchange rate distortions. He noted that current economic reforms are enabling state governors to undertake infrastructural projects without resorting to borrowing, a testament to the improved fiscal environment. This narrative positions the Tinubu-led government as one actively laying the groundwork for sustainable growth and stability.

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Debt service had consumed about 96% of revenue. The old order had rewarded arbitrage modern production. Oil subsidies and exchange rate distortion had become feeding bottles for privileged intermediaries, while the public treasury was top of the revenue required to build roads, fund schools, support states, and protect the vulnerable.

The Vice President also lauded Nasarawa State Governor Abdullahi Sule for his proactive approach to investment and development. Shettima described Nasarawa as an attractive investment destination due to its abundant resources, strategic location, agricultural potential, and energy prospects, all complemented by a government that understands the importance of development. This endorsement from the Vice President underscores the administration's focus on regional development as a key component of national progress. The Punch reports these assurances as a sign of the government's dedication to overcoming economic hurdles and building a stronger future for Nigeria.

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Over the past seven years, Nasarawa has pursued development with a calm conviction of a state that knows where it is going. A government such as this is a meeting point of ideas and capital.