Nigeria: VP Shettima Asserts President Tinubu Strengthens Business Environment at Jigawa Investment Summit 2026

The Vice President of Nigeria, Senator Kashim Shettima, outlined key strategies implemented by President Bola Ahmed Tinubu’s administration to enhance the business climate in Nigeria during the Jigawa State Investment Summit 2026 held in Dutse, the state capital. This initiative aims to facilitate economic growth and attract investment across the nation.

Enhancing the Business Environment

Senator Shettima emphasized that the Presidential Enabling Business Environment Council (PEBEC) has been pivotal in transforming the business landscape. He noted that the Federal Government has shifted from a gatekeeping approach to one of partnership, allowing subnational governments to realize their economic potential. This shift is part of broader structural and fiscal reforms aimed at revitalizing the economy.

The Vice President stated, “We have made it easier to do business in Nigeria. Through PEBEC, we have simplified registrations and permits, and reduced the cost and time associated with starting and running a business.” He highlighted the Business Facilitation Act, which enshrines these reforms into law, ensuring that government agencies adhere to principles of transparency and efficiency.

Economic Reforms and Their Impact

Senator Shettima pointed out that the administration has unified and liberalized the foreign exchange market, addressing long-standing distortions that deterred serious investors. He noted that these reforms have begun to yield positive results, with currency markets functioning more transparently and foreign reserves stabilizing.

For the first time in over a decade, leading global credit rating agencies have upgraded Nigeria’s sovereign credit rating. This improvement reflects the effectiveness of the reforms in enabling states to manage and deploy resources more effectively.

The Vice President also referenced the Electricity Act 2023, which empowers states to license, generate, and distribute electricity, thereby inviting private investment in essential infrastructure. “From power to agriculture, from solid minerals to the digital economy, we have replaced gatekeeping with partnership,” he remarked.

Focus on State-Level Implementation

While acknowledging the central government’s efforts, Senator Shettima stressed the importance of ensuring that reforms reach the states. He explained that the Federal Government, through the National Economic Council and the Federal Executive Council, is fostering constructive debates to align economic strategies across the nation. These discussions aim to enhance fiscal health and transparency at the state level, enabling them to effectively allocate resources for agriculture, food security, and environmental protection.

The Vice President recognized Jigawa State as a region rich in economic opportunities. He expressed confidence in the state’s leadership under Governor Mallam Umar Namadi, who is committed to revitalizing the investment ecosystem. Shettima encouraged both local and foreign investors, assuring them that the Federal Government has laid the groundwork for a favorable business environment.

Jigawa’s Agricultural Potential

Governor Namadi highlighted Jigawa’s vast agricultural resources, including over 24,700 square meters of fertile land and 411,000 hectares of fadama suitable for year-round farming. He outlined the state’s development agenda, which focuses on agricultural transformation, infrastructure development, energy, and private sector growth.

Senator Ibrahim Hassan Hadeija, Deputy Chief of Staff to the President, urged the state government to prioritize energy generation to attract meaningful investments. He noted that Jigawa has initiated a three-megawatt Independent Power Project in Dutse, which is essential for sustainable development.

Minister of Livestock Development, Idi Mukhtar Maiha, emphasized Jigawa’s strategic position in Nigeria’s agricultural sector, particularly in livestock. He reported an estimated population of 3.6 million cattle and urged investors to explore opportunities within the livestock value chain.

Commitment to Education and Development

Professor Suwaiba Ahmad, Minister of State for Education, described the summit’s theme as timely, reflecting a commitment to harnessing the state’s potential for future generations. She commended Governor Namadi for his focus on people-centered development.

Alhaji Bashir Dalhatu, Chairman of the summit and Arewa Consultative Forum, underscored Jigawa’s strategic location as a gateway between Northern Nigeria’s regions, facilitating access to major markets. He highlighted the state’s agricultural resources and the dedication of its farmers as key attractions for investors.

The summit served as a platform for dialogue and collaboration, aiming to transition Jigawa from aspiration to execution, thereby creating viable opportunities for investment.

Source: www.zawya.com

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Published on 2026-07-01 21:37:00 • By the Editorial Desk