At the Epicenter, Stockholm’s Digital innovation hub, Vice president- kashim Shettima unleashed a thrilling speech at the Business forum event.
The Vice president who was currently on a two-day working visit to Sweden worked with the intention of boosting trade and bilateral relations between both nations.
VP Shettima confirmed that Nigeria and Sweden have a time-honored history of cooperation, particularly in trade, technology, and sustainable development. Hence, collaborating will ensure the improvement of the economy.
He points out, “Distinguished guests, ladies and gentlemen, there is tremendous potential for collaboration between Nigeria and Sweden across multiple sectors.
“Whether in finance, renewable energy, digital innovation, agriculture, or education, our partnership holds the promise of immense benefits for both nations. I urge Swedish investors to seize the opportunities in Nigeria and work with us to build a prosperous and sustainable future.”
The Vice president believes that under the leadership of his excellency – President Bola Ahmed Tinubu, reforms geared to the reconstructuring of the nation’s economy is taking place already as the Renewed Hope Agenda is focused in attracting both foreign and domestic investments.
He discussed the vision for the economic growth of Nigeria under the leadership of Present Tinubu. He also mentioned the investment opportunities in West Africa.
He spoke to both the Swedish and international business leaders, present at the event. This propelled several investors from Sweden committed to investments and partnerships worth millions of dollars in Nigeria’s digital economy, health and other critical sectors.
He opined that,”
Under the leadership of His Excellency, President Bola Ahmed Tinubu, the Nigerian government has introduced bold financial reforms, including the unification of exchange rates and the removal of fuel subsidies. Though challenging, these reforms are necessary steps in restructuring the economy for sustainable growth.
“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.”
Vice president asked the Swedish investors to use their strategies in executing these investment plans.
Also, Peter Olusoji Ogundele, managing director of Ericson has revealed the company’s plan to build a technology hub worth about $19 million in Nigeria.
Also Gluwa will invest $100m amongst others. At this event, the Plateau State Governor, Barr. Caleb Mutfwang,Minister of Foreign Affairs, Ambassador Yusuf Tuggar , Executive Vice Chairman/Chief Executive Officer, National Agency for Science and Engineering Infrastructure Mallam Khalil Suleiman Halilu; Director-General, National Information Technology Development Agency Mallam Kashifu Abdullahi; Executive Vice-Chairman (EVC), Nigerian Communication Commission , Engr. Aminu Maida, and some members of the Nigerian Swedish Embassy in Stockholm were present.
