Vice President Kashim Shettima says Nigeria has overcome the era of economic instability and volatility that once defined its fiscal environment, crediting the Tinubu administration’s bold reforms for stabilising the economy and restoring investor confidence.
Shettima made this known on Tuesday in Abuja while declaring open the Digital Nigeria International Conference and Exhibition 2025, organised by the Federal Ministry of Communications, Innovation and Digital Economy.
According to him, the government has successfully curtailed the uncertainties that plagued the nation’s economy, despite global headwinds such as geopolitical tensions, shifting alliances, and the rapid disruption of traditional jobs by technology.
“What this administration has achieved is to end the regimes of volatility and unpredictability that once defined our economy,” Shettima stated.
“The phase before us now is to ensure that these macroeconomic gains trickle down to the people — from the kiosks of our neighbourhood traders to the boardrooms of our multinational corporations.”
The Vice President noted that recent global ratings upgrades are a testament to Nigeria’s progress. He cited Fitch Ratings’ upgrade of Nigeria’s sovereign rating to B with a stable outlook, and Moody’s improvement of the nation’s issuer rating to B3 with a stable outlook, saying these reflect growing international confidence in Nigeria’s economic direction.
He emphasised that the government’s economic reforms were guided by innovation and the need to apply modern solutions to modern challenges.
“We can no longer apply 20th-century solutions to 21st-century problems,” Shettima said, describing the conference’s theme — ‘Innovation for a Sustainable Digital Future: Accelerating Growth, Inclusion, and Global Competitiveness’ — as perfectly aligned with President Bola Tinubu’s Renewed Hope Agenda.
Shettima underscored the importance of digital transformation as the foundation for Nigeria’s long-term economic stability, noting that technology must drive inclusion and productivity across all sectors.
“We need a digital ecosystem that works as seamlessly in Lagos as it does in Kano or Gusau — where a farmer in Bida can access real-time market data to sell his harvest, and a young woman in Oguta can work remotely for a global company because she has the skills and connectivity,” he said.
The Vice President urged Nigerians to leverage the digital revolution to rewrite the nation’s economic story rather than lament missed opportunities from previous industrial revolutions.
Earlier, the Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, said the administration’s enabling digital policies were designed to expand infrastructure and position Nigeria as a global technology hub.
He called on stakeholders to collaborate more deeply to make Nigeria a model for digital transformation and shared prosperity.
Also speaking, the Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, commended Shettima’s commitment to youth empowerment and digital inclusion.
The CEO of the Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, highlighted the increasing adoption of multiple digital devices globally, describing it as a sign of the vast socio-economic potential of the digital economy.
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