We’re Building An Economy That Can Withstand Shocks – Shettima

Vice President Kashim Shettima says President Bola Tinubu-led government is building a resilient economy that can withstand shock.

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 a 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.

“This progress will instill confidence in our collective ability to overcome those challenges,” he said.

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.

“We have initiated various programmes, such as the MSMEs hubs and single-digit loans for manufacturers designed to provide entrepreneurs with the support they need to succeed.

“We have also introduced a credit corporation to offer our workers consumer loans with single-digit interest.

“These initiatives collectively will grow the economy and ensure it remains competitive in Africa and globally,” the Shettima said.