Tinubu administration making significant strides in addressing ease of doing business — Shettima
By Jeffrey Agbo
Vice President Kashim Shettima has said that the administration of President Bola Tinubu is making significant strides in addressing challenges such as ease of doing business.
Shettima stated this in Abuja on Monday 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 is crucial in that process.
He said the Tinubu administration embarked on bold 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.
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Shettima said that the digital economy holds 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 is to ensure that the Nigerian economy is inclusive.
He said the administration wants an inclusive economy where small and medium-sized enterprises can thrive alongside large corporations and where every citizen, regardless of location or background, can 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,” Shettima said.