UNGA 80: Shettima Markets Nigeria’s $200b Energy Transition Opportunity

Vice President Kashim Shettima has showcased Nigeria’s 200-billion-dollar vigor modulation accidental to investors, emphasising the request for “partnerships” to maximise the country’s multifaceted, multi-billion-dollar concern opportunities.

Shettima highlighted that Nigeria’s sovereign standing by platforms similar Fitch and Moody’s implied the state was positioned arsenic the earthy hub for the African Continental Free Trade Area’s (AfCFTA) 3.4 trillion-dollar market.

He seized the infinitesimal to gully the attraction of investors worldwide to the multi-billion, multi-faceted economical resets crossed Nigeria, arsenic embodied by President Bola Ahmed Tinubu’s Renewed Hope Agenda.

VP Shettima, successful a connection by his spokesman., Stanley Nkwocha, stated this astatine the Roundtable hosted by the Business Council for International Understanding (BCIU), with the taxable “Risk, Reform, Return,” held connected the margins of the 80th Session of the United Nations General Assembly, New York City.

ber 22, 2025.

The VP, representing President Bola Tinubu astatine UNGA80, highlighted that successful this interconnected age, the wealthiness of immoderate federation is neither achieved done miracles nor inherited.

Showcasing the nation’s wealth, helium began by saying that Nigeria is West Africa’s largest system and Africa’s largest user market, with 236 cardinal radical today, projected to scope 320 cardinal by 2040.

Beyond being a demographic giant, Shettima pointed retired that with a median property of astir 17, much than 58 per cent of whom are nether 30, Nigeria is location to 1 of the deepest endowment pools successful the world.

“When you adhd to this our geographic presumption arsenic a earthy hub for commercialized betwixt Africa, the Americas, and Asia; our 44 chiseled earthy resources; our 5 tech unicorns; the largest lipid reserves successful Africa; and 210 trillion cubic feet of proven state reserves, you spot that Naija nary dey transportation last,” helium added.

The Vice President told the planetary assemblage that since mid-2023, nether His Excellency President Bola Ahmed Tinubu’s Renewed Hope Agenda, Nigeria has embarked connected 1 of the boldest economical resets successful its history.

He cited the unification of Nigeria’s speech rates, the removal of decades-old substance subsidies that distorted the Nigerian economy, the modernisation of Nigeria’s taxation and customs regimes, strengthened fiscal oversight, and the overhaul of Nigeria’s commercialized and concern policies arsenic shining examples of the Renewed Hope reforms.

The VP continued, “This reset includes afloat implementation of the AfCFTA, the roll-out of a National Single Window for trade, a caller Investment and Securities Act, an upgraded PPP framework, and modernised bilateral concern treaties.

“The results are already visible. Our GDP maturation is accelerating, our outer reserves are strengthening, and ostentation is moderating. This is wherefore capitalist commitments are besides rebounding.”

Stressing Nigeria’s immense economical translation and potential, the VP recalled that successful April, Fitch upgraded Nigeria’s sovereign standing to B with a unchangeable outlook. Moody’s lifted its issuer standing to B3 with a unchangeable outlook.

He highlighted that the 2 standing platforms cited Nigeria’s improved buffers and clearer argumentation absorption arsenic their barometer, adding, “This positions Nigeria arsenic the earthy hub for the AfCFTA’s 3.4 trillion-dollar market.”

“We person besides built a four-pillar incentives model designed to trim capitalist risk, accelerate currency returns, and marque Nigeria 1 of the astir competitory destinations for superior successful the Global South.

“A simpler, predictable taxation authorities present offers wide superior allowances, probe and improvement deductions, and export-linked rebates, portion investors successful precedence sectors tin execute faster breakeven done 5 per cent yearly taxation credits connected qualifying superior expenditure,” helium highlighted.

He besides told the assemblage that successful Nigeria’s Special Economic Zones, the national authorities offers duty-free imports, rent concessions, rebates connected non-oil export proceeds, and integrated logistics platforms that unlock moving superior for exporters.

“Cross-border protections present see updated bilateral concern treaties, capitalist promotion and extortion agreements, structured repatriation pathways, and streamlined FX access. These springiness investors assurance that their superior and profits are protected,” helium said.

The Vice President added that the nation’s Special Agro-Industrial Zones are reducing post-harvest losses by up to forty per cent and linking farmers straight to processing and export hubs, transforming Nigeria from a fragmented shaper into a continent-scale nutrient strategy serving millions crossed West A...