Shettima Invites Swedish Companies To Invest In Nigeria’s Growing Market

Vice-President Kashim Shettima assured global investors at a business meeting with Swedish companies in Stockholm that they can take full advantage of Nigeria's growing investment climate, which offered many opportunities for serious investments.

During his two-day working visit to Stockholm, aimed at improving trade and relations between Nigeria and Sweden, the vice president highlighted the long history of cooperation between the two countries, especially in trade, technology and sustainable development.

"Under the leadership of President Bola Tinubu, the Nigerian government has introduced bold financial reforms, including the unification of exchange rates and the removal of fuel subsidies," the vice president said, as per the official statement shared on X.

"The government's 'Renewed Hope Agenda' emphasizes creating a competitive business environment that attracts both foreign and domestic investments. "In parallel, our financial sector reforms, such as the revised Cashless Policy and Open Banking Framework, have revolutionized banking services, promoting financial inclusion and providing innovative financial products."

Many investors from Sweden recently expressed their commitment to invest millions of dollars in Nigeria's digital economy, health, and other important sectors, as part of President Bola Ahmed Tinubu's foreign investment drive.

Shettima explained that the Nigerian government has made bold reforms to restructure the economy for sustainable growth. The administration's Renewed Hope Agenda aimed to create a competitive business environment that attracts both foreign and domestic investments.

He highlighted the many opportunities available in Nigeria, including the digital economy, agriculture, renewable energy, and micro, small, and medium enterprises (MSMEs). He also described the country as "an ambitious nation, bound by the limitless potential of the Fourth Industrial Revolution."

Using his negotiation skills to attract investors at the business forum themed "Trade and Investments with a Focus on the Digital Economy, Agriculture, and Renewable Energy," the vice president assured attendees that the Tinubu administration has made massive improvements in Nigeria's investment climate over the past year, creating numerous investment opportunities.

The vice president noted that trade between Nigeria and Sweden increased by 30% in 2022, highlighting the need for closer collaboration between the two countries.

He mentioned that this growth calls for both nations to work together to create a better business environment for expanding goods and services, from digitalization to access to specialists.

Shettima also pointed out that Nigeria's financial sector is one of the most advanced in Africa and has shown impressive resilience in recent years.