Vice President Kashim Shettima has declared that Nigeria is ready and open for business as he officially opened the Nigeria 2025 Public-Private Partnership Summit at the State House, Abuja on Monday.
The Vice President, delivered his remarks on behalf of President Bola Tinubu, at an event, organised by the Infrastructure Concession Regulatory Commission, which brought together stakeholders from government and the private sector to explore strategies for closing Nigeria’s 2.3 trillion-dollar infrastructure gap.
He underscored that Nigeria can no longer build a modern economy on outdated infrastructure, adding that exclusive reliance on government funding for capital projects was unsustainable.
Highlighting the government’s reform efforts, Vice President Shettima said the President Tinubu administration had liberalized the foreign exchange market, removed fuel subsidies, and strengthened the ICRC in a bid to attract investment.
The Vice President noted that the goal, guided by the National Integrated Infrastructure Master Plan, is to raise infrastructure stock from 30–35 percent of GDP to at least 70 percent by 2043.
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