Tinubu’s economic reforms will fortify Nigeria’s economy —Shettima

March 4, 2024

1.7 min readCategories: News

 

 

By: Ade Phillips

 

Vice President Kashim Shettima highlighted the intention behind President Bola Tinubu’s administration’s reforms, emphasizing their aim to bolster Nigeria’s economy for the lasting welfare of its people.

 

Shettima delivered these remarks at the inauguration of the Outsource to Nigeria Initiative (OTNI) in Gombe on Monday.

 

He commended Tinubu as an adept economic strategist who grasps the intricate balance between Nigeria’s present hurdles and the shifting global landscape.

 

Shettima underscored that the tough decisions undertaken by the current administration are geared towards securing Nigeria’s economic prosperity.

 

Shettima said the challenges being experienced as a result of the reforms were short-term.

 

He said, “Our routes to the future hinge upon our sensitivity to our realities.

 

“The tough decisions we have taken may pose short-term challenges, but rest assured, it is a strategic investment to fortify the foundations of our economy.

 

“The reforms in progress will not only weather the storms but usher in a future where we shall stand grateful for the resilience and foresight displayed in propelling our nation towards economic prosperity.”

 

On the Outsource to Nigeria Initiative, Shettima said that it symbolised a pivotal collaboration between the public and private sectors.

 

According to Shettima, the partnership aims to create millions of job opportunities and propel Nigeria’s business process outsourcing (BPO) and IT-enabled services sectors into unprecedented growth.

 

“OTNI is here to connect global companies with the abundant talents and capabilities inherent in Nigeria.

 

“This initiative marks a strategic leap forward, positioning Nigeria as an emerging outsourcing powerhouse ready to make an indelible mark on the global economic landscape.

 

“Nigeria is fortified by a colossal talent pool exceeding 200 million people and complemented by competitive labour costs, an evolving ICT infrastructure, unwavering government support, and a strategic location in proximity to European markets,” he said.

 

The vice president urged state governments to embrace the OTNI to create jobs for millions of youths across the country and achieve Tinubu’s mandate of prioritising job creation.

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