The Vice President of the Federal Republic of Nigeria, Senator Kashim Shettima, has assured investors that the most auspicious and convenient time to choose Nigeria as an investment destination is now, saying the nation has exited its phase of economic instability.
He attributed the milestone to the decision made by the administration of President Bola Ahmed Tinubu to get rid of the hurdles that had clogged the wheels of the country’s economic progress.
Shettima made this assertion while speaking on Wednesday in Bauchi State, declaring open the Bauchi Investment Summit 2025. During the summit, he noted that the administration assumed office in 2023 with a promise to turn around the fortune of the nation’s economy that was already tottering on the edge of financial crisis, with the debt service-to-revenue ratio shooting up to about 100 per cent.
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The Vice President explained to investors and stakeholders at the two-day summit that under the Tinubu administration, the debt service-to-revenue ratio has been reduced to less than 50 per cent, while the GDP growth stood at 4.23 per cent as of last month.
“Our non-oil revenues grew by 411 per cent year-on-year in the same month. Our tax-to-GDP ratio now stands at 13.5 per cent, up from barely 7 per cent a few years ago. Our debt-to-GDP ratio remains at 38.8 per cent, far below the limits set by the Fiscal Responsibility Act at 60 per cent, and those of ECOWAS and the World Bank at 70 per cent.
“Our external reserves have grown to 43 billion dollars as of September 2025. Nigeria has exited its phase of economic instability, and I assure investors present here that there is no better time to choose Nigeria,” the Vice President stated.
Explaining why the first decision made by President Tinubu “was to remove those obstacles that had become termites in the timber of” the nation’s progress, Shettima said, “You cannot guarantee enduring growth without stability.
