Vice President Kashim Shettima says removing fuel subsidies, unification of exchange rates, and debt management strategies are all part of a broader effort to restore economic balance and ensure long-term stability.
Shettima made this known in Abuja at the 30th Nigerian Economic Summit (NES30), with the theme:” Collaborative Action for Growth, Competitiveness and Stability”.
“It is also important to note that stability is not just about managing crises as they arise. It is about building a resilient economy that can withstand shocks.
“As a nation, we must prioritise economic diversification,” he said.
Shettima added that the role of NES group was crucial in that process.
He said that the present administration under its Renewed Hope Agenda had embarked on bold and courageous reforms designed to create an environment that would boost sustainable economic growth and shared prosperity.
“Our focus is on sectors that can offer inclusive and sustainable growth, such as agriculture, manufacturing, and the digital economy,” he said.
Shettima said that the digital economy held a very promising prospect for revitalising the economy.
According to a global finance consultancy output, there will be 65 million global talents by 2035.
“I am pleased to report that we are making significant strides in addressing several key issues, including regulatory and ease of doing business challenges.
Shettima said that the administration’s objective was to ensure that the Nigerian economy was inclusive.
He said the administration wanted an inclusive economy, where small and medium-sized enterprises can thrive alongside large corporations and where every citizen, regardless of location or background, could benefit from economic opportunities.
Shettima said that the government was investing heavily in security operations to combat terrorism, banditry, and other forms of insecurity that threaten lives and livelihoods.
The vice president said that the administration was implementing fiscal reforms to stabilise the macroeconomic environment.
