Vice President Kashim Shettima has declared that President Bola Tinubu’s economic reforms are successfully rebuilding Nigeria’s international reputation and restoring global investor confidence that had eroded over years of policy inconsistency.
Speaking at the formal opening of Nigeria House during the 2026 World Economic Forum in Davos, Switzerland, Shettima emphasized that the establishment of the country’s first sovereign pavilion at the prestigious gathering represents concrete evidence of Nigeria’s renewed seriousness about engaging the global economy.
“Nigeria House is a response to the lapses of the past. It reflects our intention, our seriousness, and above all, it advertises both our readiness and our resolve to take a front-line seat in the discourse of the global economy, not as observers, but as participants with a clear sense of purpose and place,” the Vice President stated.
Shettima explained that the tangible benefits of the Tinubu administration’s challenging but necessary reforms are beginning to materialize, pointing to macroeconomic indicators that demonstrate fundamental improvement in Nigeria’s economic trajectory.
According to the Vice President, Nigeria’s economy expanded by approximately 3.9 percent in 2025, marking the fastest growth rate recorded in over a decade, driven primarily by a resilient non-oil sector that now accounts for roughly 96 percent of gross domestic product.
“Services, agriculture, finance, and technology are expanding, while non-oil revenues now make up nearly three-quarters of government collections, marking a structural shift away from oil dependence,” Shettima noted, adding that this diversification strategy positions Nigeria for sustainable long-term prosperity.
The Vice President revealed that inflation, which stood above 30 percent in late 2024, eased significantly by the conclusion of 2025, while external buffers improved with foreign reserves rising above 45 billion dollars and greater stability emerging in the foreign exchange market.
He emphasized that Nigeria’s decision to open up to the world more deliberately comes at a critical turning point in the country’s economic journey, with reform dividends becoming increasingly visible across multiple sectors.
Minister of Industry, Trade and Investment Dr. Jumoke Oduwole reinforced Shettima’s assessment, stating that Nigeria under the current administration is rebuilding trust, restoring credibility and positioning itself as a global center for wealth creation and strategic partnership.
The minister applauded the Vice President’s support in realizing the historic vision for Nigeria House Davos, describing the project as a demonstration of strong public-private partnership that reflects the rejuvenation of Nigeria’s economy and showcases national pride.
At a separate engagement, Shettima told participants at a high-level panel discussion titled “When Food Becomes Security” that Nigeria, renowned as the African giant, has awakened from its slumber under Tinubu’s dynamic and purposeful leadership.
The Vice President expressed optimism that with ongoing Renewed Hope Agenda reforms, the coming months will witness greater climate adaptation moving from pilot projects to reality, as well as a boom in intra-African trade far beyond the current 10.7 percent baseline.
Speaking at the inaugural convocation ceremony of the Professionals’ Certification Programme at the Presidential Villa in Abuja, Shettima revealed that foreigners now choose to participate in professional training courses in Nigeria, citing this trend as evidence that global confidence in the country is being restored.
“The ongoing reforms of President Tinubu’s administration are beginning to restore the confidence of the global community in Nigeria,” the Vice President stated, emphasizing that transparent procurement practices and institutional strengthening form critical pillars of the reform agenda.
Nigeria House Davos, according to Shettima, represents a deliberate action to consolidate the gains of Tinubu’s economic transformation efforts through high-level engagements targeted at attracting investments in the country’s non-oil sector.
The Vice President stressed that while government can open doors, create frameworks and de-risk environments, only private enterprise can animate growth, scale opportunity and translate policy into productivity, calling on the private sector to drive Nigeria’s economic renaissance.
Upon returning to Abuja from his week-long diplomatic and economic mission that included stops in Guinea-Conakry and Switzerland, Shettima declared that Nigeria has reclaimed a frontline seat in global and regional policy conversations.
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