Vice President Kashim Shettima has lauded the current administration under President Bola Ahmed Tinubu as the most investor-friendly in Nigeria’s history. Speaking at the 79th United Nations General Assembly (UNGA), Shettima announced that Nigeria had already secured $320 million in investment commitments from the U.S. Chamber of Commerce.
Among these commitments, the American International Development Finance Corporation pledged $200 million toward mortgage refinancing in Nigeria, $100 million was allocated to FCMB to finance small and medium enterprises (SMEs), and $20 million was dedicated to Robust International to boost Nigeria’s cashew nut processing industry.
During a U.S.-Nigeria executive business roundtable, Shettima promoted Nigeria as a prime destination for foreign investment, citing recent economic reforms such as the removal of fuel subsidies and the unification of the foreign exchange market. He urged investors to trust the new economic direction set by President Tinubu’s administration.
The Nigerian delegation at the event included key ministers across various sectors, all of whom were present to emphasize the country’s commitment to fostering sustainable growth and international collaboration. Vice President Shettima is also set to deliver Nigeria’s national statement at the General Debate of the UNGA.
