Vice President Kashim Shettima has said that Nigeria is now on the right track as the economic reforms of the Bola Tinubu administration are now yielding positive returns for the country. Shettima made the submission at the Nasarawa Economic Summit 2026, where he spoke as a special guest of honour.
According to him, the bold economic reforms of Tinubu have resulted in improved investors’ trust in the country’s economy. He also listed some of the reforms implemented by the current administration, including the removal of the fuel subsidy. Shettima noted that the decision to stop petrol subsidy payments was not part of Tinubu’s official speech but an on-the-spot decision as he delivered his address following his swearing-in in 2023.
“Some of the economic decisions that the presidency took were almost inevitable because even our national reserves were paltry and not even enough to import fuel for one month. “But he never ran to town with the story of bankruptcy, as he knew the effect of such on the economy.
“He took the bold decision. The removal of the fuel subsidy was not part of his official speech. He kept it close to his heart. Either he took it there, or he might never take it again. “And now, our gross external reserves, that was above $46 billion in 2025, have been recovering.
“Confidence is returning to the marketplace. Those who invested in the capital market a year ago are worth three times their investments. “I know the stock market…what was the price of Zenith, GT banks last year…N40-N50. Now the stock prices are N130. That goes to show that the economy is working and booming.
Investors are beginning to see Nigeria as a country willing to correct itself. “A country willing to take tough decisions in the face of difficult situations. Capital follows credibility, stability, and direction”.