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	<title>business environment in Nigeria &#8211; Mansionpage</title>
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		<title>&#8220;Nigeria is open for business&#8221; – Shettima tells business leaders</title>
		<link>https://www.mansionpage.com/2025/07/24/nigeria-is-open-for-business-shettima-tells-business-leaders/</link>
		
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		<pubDate>Thu, 24 Jul 2025 16:56:50 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[business environment in Nigeria]]></category>
		<category><![CDATA[economic growth Nigeria 2025]]></category>
		<category><![CDATA[Nigeria FX unification policy]]></category>
		<category><![CDATA[Nigerian private sector policy]]></category>
		<category><![CDATA[oil cabal Nigeria]]></category>
		<category><![CDATA[Shettima economic reforms]]></category>
		<category><![CDATA[Tinubu fuel subsidy removal]]></category>
		<category><![CDATA[VP Shettima NACCIMA meeting]]></category>
		<guid isPermaLink="false">https://www.mansionpage.com/?p=1162</guid>

					<description><![CDATA[Vice President&#160;Kashim Shettima&#160;has once again doubled down on the Tinubu-led administration’s economic direction, insisting that all the&#160;bold decisions, including subsidy removal and FX unification, are part of a&#160;long-term recovery plan for Nigeria. During a courtesy visit at the Presidential Villa by members of&#160;NACCIMA&#160;(Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture), Shettima made it [&#8230;]]]></description>
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<p>Vice President&nbsp;<strong>Kashim Shettima</strong>&nbsp;has once again doubled down on the Tinubu-led administration’s economic direction, insisting that all the&nbsp;<strong>bold decisions</strong>, including subsidy removal and FX unification, are part of a&nbsp;<strong>long-term recovery plan for</strong> Nigeria.</p>



<p>During a courtesy visit at the Presidential Villa by members of&nbsp;<strong>NACCIMA</strong>&nbsp;(Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture), Shettima made it clear that the current administration is not just making random moves. According to him,&nbsp;<strong>President Tinubu’s reforms are targeted at stabilising Nigeria’s economy</strong>&nbsp;and giving private businesses the needed room to thrive.</p>



<p>He even added—“<strong>I plead guilty to romancing with the private sector</strong>,” referring to his active support for business owners and manufacturers. Shettima believes this collaboration is what transformed countries like Korea, and it’s Nigeria’s turn.</p>



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<h3 class="wp-block-heading">Fuel Subsidy: “The Oil Cabal Fought Back”</h3>



<p>In his own words, Shettima hailed Tinubu&#8217;s boldness in removing the fuel subsidy, describing it as a move others didn’t dare to make. He claimed the&nbsp;<strong>so-called &#8220;oil cabal&#8221; fought back</strong>, but President Tinubu stood firm &#8220;in the interest of the people.&#8221;</p>



<p><strong>Omo, if this is true, then e no easy at all.</strong>&nbsp;That oil cabal matter? Na serious fight behind closed doors.</p>



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<h3 class="wp-block-heading">Private Sector Gets a Seat at the Table</h3>



<p>On the other side, NACCIMA’s National President,&nbsp;<strong>Mr. Jani Ibrahim</strong>, applauded Shettima’s economic leadership. He praised the VP’s active role in key institutions like the&nbsp;<strong>National Economic Council (NEC)</strong>&nbsp;and&nbsp;<strong>PEBEC</strong>, while calling for&nbsp;<strong>regular engagement between government and the private sector</strong>.</p>



<p>He also proposed&nbsp;<strong>biannual consultations</strong>&nbsp;with the VP’s office and the inclusion of business leaders in high-level councils focused on trade, industry, and SME growth.</p>
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