- Vice President Kashim Shettima shared his optimism about Nigeria’s economic future, highlighting strong growth in the services sector
- Nigeria’s GDP grew by 2.98% in Q1 2024, led by a 4.32% growth in the services sector
- Shettima praises President Tinubu’s economic policies and the Renewed Hope agenda for fostering long-term stability
Vice President Kashim Shettima has expressed optimism about Nigeria's economic future, stating that the country is currently on the path to economic recovery.
Speaking at the official launch of the 2024 commercial and industrial trade fair in Lagos on Friday, November 15, Shettima highlighted a significant achievement in the country's economic performance.
In the first quarter of 2024, Nigeria’s Gross Domestic Product (GDP) grew by 2.98 percent year-on-year in real terms, with the services sector driving much of this growth.
According to Shettima, the services sector alone recorded a growth of 4.32 percent, contributing 58.04 percent to the country’s total GDP.
"This positive growth reflects the resilience of Nigeria’s economy, even in the face of global challenges," Shettima said.
He emphasised that the economic policies introduced by President Bola Ahmed Tinubu's administration are focused on fostering growth, stability, and long-term prosperity.
The Vice President, represented at the event by Dr. Marian Tomitope Marshall, his special assistant on regional development, urged all stakeholders at the trade fair to seize the opportunity to build lasting relationships that would contribute to economic growth.
Shettima also reiterated that President Tinubu’s Renewed Hope agenda is designed to guide Nigeria towards a future of sustainable development.
“The government is committed to creating an enabling environment for businesses both domestic and international to invest and thrive,” he said.
In his remarks, Shettima praised the leadership of Barr. Veronica Ndanusa, Director/CEO of the Lagos State Trade Fair Complex, for successfully organising the trade fair.
He commended the team for their dedication to reviving the platform, calling it a crucial tool for driving economic development in Nigeria and beyond.
As Nigeria moves forward, Shettima’s comments reflect a strong belief that the country is on the right track, with economic growth being driven by strategic policies, robust sectoral performance, and a focus on sustainable development.
Shettima launches ‘Grand Challenges Nigeria’ to transform healthcare with local innovations
Meanwhile, TheRadar earlier reported that Vice President Kashim Shettima has unveiled Grand Challenges Nigeria (GCNg), a groundbreaking national innovation programme designed to address critical healthcare issues in Nigeria through homegrown solutions.
The initiative, part of the global Grand Challenges network, aims to transform the healthcare sector, primarily focusing on maternal and child health in its initial phase.
