Vice-President Kashim Shettima reaffirms that Nigeria is ready for investment, highlighting reforms and new opportunities for foreign investors, including Advanced Energy Partners

Abuja, Nigeria – Vice-President Kashim Shettima has reaffirmed Nigeria’s readiness to engage with global investors, assuring that the nation is open for business.

Also read: Victor Osimhen Misses CAF Awards Due to Hamstring Injury

Shettima made the remarks on Tuesday while receiving a delegation from Advanced Energy Partners (AEP) on a courtesy visit to the Presidential Villa in Abuja.

He described the ongoing reforms under President Bola Tinubu’s administration as creating new opportunities across various sectors of the economy.

“There is no better time to invest in Nigeria than now. You have come at the right time when we have been blessed with committed leadership,” Shettima said.

He added that specific policies and interventions by the Tinubu administration were designed to foster economic growth and attract foreign direct investment.

“Be rest assured that you have invested your trust in the right nation. Nigeria is ready for business. We have crossed the Rubicon and are now on the path of sustainable development,” he told the visiting delegation.

The AEP team, led by Chairman Senator Abu Ibrahim, said the visit aimed to explore key investment opportunities in Nigeria’s upstream oil industry and other critical sectors.

Mr QIANG Wenyu, Vice President of China North Industries Corporation (NORINCO), reiterated the company’s commitment to deepening collaboration with Nigerian partners following an earlier meeting with President Tinubu in Beijing in September 2024.

NORINCO operates across energy, oil and gas, defence, industries, and mining, and reported a $30 billion turnover last year.

Meanwhile, Ms Mahra Al Suwaidi, CEO of Horizon Energy (Abu Dhabi), applauded President Tinubu’s leadership, citing improved governance and management of key institutions such as the Nigerian National Petroleum Company Ltd. (NNPCL) as reasons for renewed investor confidence.

In support, the UAE Ambassador to Nigeria, Salem Al Shamsi, encouraged the consortium to act swiftly, describing Nigeria as the “right place” for foreign investment.

He highlighted strengthened economic and bilateral ties between Nigeria and the UAE, noting that non-oil trade between the two countries reached $4.3 billion in 2024.

Also read: PalmPay Kano Walk Raises Awareness on Online Fraud

The visit signals growing international confidence in Nigeria’s economic reforms and strategic investment climate, with both local and foreign stakeholders exploring avenues to expand operations in key sectors.