Vice President Kashim Shettima has declared that Nigeria is currently primed for investment, citing the sweeping economic reforms introduced by President Bola Tinubu's administration as creating an ideal environment for investors.

Speaking during a courtesy visit by a delegation from the Islamic Development Bank (IsDB) led by Hammad Hundal, Head of its Regional Hub, Shettima emphasized that the administration has been working diligently to eliminate barriers that previously deterred potential investors.

"This is truly a great time to invest in Nigeria," Shettima stated at the State House in Abuja on Tuesday. "We are addressing grey areas that previously served as disincentives. President Tinubu's Renewed Hope Agenda is creating a stable, business-friendly environment."

Key Sectors for Development

The Vice President highlighted the government's commitment to reform in several critical sectors including human capital development, agriculture, health, education, and digital trade. He noted that these priority areas align with the country's economic recovery plans and long-term growth strategy.

Shettima called for enhanced collaboration with the Islamic Development Bank, urging the institution to deepen its support for strategic initiatives such as the Special Agro-Processing Zones (SAPZ), the Investment in Digital and Creative Enterprises (i-DICE) program, and the development of a Halal economy in Nigeria.

"I encourage the inclusion of digital trade, Halal economy development, and financial inclusion in your Country Engagement Framework," Shettima told the delegation. "Let's build on our shared progress."

IsDB's Strategic Framework for Nigeria

During the meeting, Obioma Asuzu, the bank's Country Economist, presented the Country Engagement Framework (CEF) which outlines the bank's strategic objectives in Nigeria. The framework focuses on economic recovery, poverty reduction, resilience, and sustainable green growth—all aligned with Nigeria's national priorities.

In response, Hundal reaffirmed IsDB's commitment to expanding its support in Nigeria, with particular emphasis on energy security, private sector development, and infrastructure.

The meeting concluded with both parties reaffirming the strong partnership between Nigeria and the Islamic Development Bank, underscoring their shared vision of inclusive growth and sustainable development for the country.