Optimistic Outlook: VP Shettima Predicts Economic Revival in 15 Months

• VP Kashim Shettima urges local and international investors to consider Nigeria, emphasizing President Tinubu’s commitment to a conducive business environment
• Shettima encourages MTN to play a pivotal role in advancing digital mobile money and digital education initiatives in Nigeria

Vice President Kashim Shettima has encouraged both local and international investors to consider Nigeria as their prime investment destination. In a meeting at the presidential villa in Abuja, he expressed President Bola Ahmed Tinubu’s commitment to creating a conducive business environment for flourishing enterprises.

Addressing the management of First Surat Group and top executives from MTN Nigeria on Monday, Shettima urged MTN to play a pivotal role in advancing digital mobile money and digital education initiatives.

In a statement released by his spokesman, Stanley Nkwocha, Shettima highlighted the Tinubu administration’s eagerness to collaborate with diverse stakeholders to enhance the nation’s productivity and foster rapid employment growth.

Earlier in the meeting, Dr. Ali Maina, Chairman of First Surat Group, underscored the company’s extensive interests and strategic partnerships. He also emphasized the company’s significant investments in corporate social responsibility, contributing millions of naira towards improving the lives and welfare of Nigerians.

Chairman of MTN Nigeria, Ernest Ndukwe, and Chief Executive Officer, Karl Olutokun Toriola, reaffirmed the telecom firm’s dedication to President Tinubu’s Renewed Hope Agenda. The commitment signals a continued alignment with the administration’s vision for a revitalized and progressive Nigeria.

Tinubu to present 2024 budget, Wednesday

President Bola Tinubu is expected to lay the N26 trillion budget estimates for 2024 fiscal year on Wednesday, November 29.

In line with legislative practice, the budget estimates is to be laid before the joint session of the National Assembly.

President Tinubu is expected to be accompanied by some members of Federal Executive Council (FEC), including Minister of Finance and Budget Planning.

According to the copy of the 2024-2026 MTEF/FSP “A total of N6.78 trillion (inclusive of N1.02 trillion for GOEs) is provided for personnel and pension costs, an increase of N904.49 billion or 15% over the 2023 provision.