Vice President Kashim Shettima has stated that President Bola Tinubu's reforms are positioning Nigeria for large-scale investments. He welcomed a delegation from Advanced Energy Partners during a visit to the Presidential Villa in Abuja. Shettima emphasized the country's readiness for business amid stabilizing economic policies.
Vice President Kashim Shettima affirmed on Tuesday that Nigeria is now firmly positioned for large-scale investments, crediting the far-reaching reforms of President Bola Tinubu's administration for unlocking fresh economic opportunities across key sectors.
“There is no better time to invest in Nigeria,” Shettima declared to the delegation. “You have come at the right time, a time blessed with committed leadership and clear direction.”
The Vice President spoke during a visit by a delegation from Advanced Energy Partners (AEP), led by its chairman, Senator Abu Ibrahim, at the Presidential Villa in Abuja. Highlighting Nigeria’s vast resources and potential, Shettima said the administration has “crossed the Rubicon” with bold policies that are stabilising the economy and attracting foreign direct investments.
“Be assured that you have invested your trust in the right nation. Nigeria is ready for business. We are now on the path of sustainable development,” he assured the visitors.
Earlier, Senator Abu Ibrahim said the consortium was in the country to explore major investment prospects in the upstream oil industry and other sectors of the economy. Mr. Qiang Wenyu of China North Industries Corporation (NORINCO) noted that the visit builds on an earlier engagement with President Tinubu in Beijing in September 2024. He reaffirmed NORINCO’s readiness to deepen partnerships, listing core interests in energy, oil and gas, defence, and mining, with the company posting an annual turnover of $30 billion last year.
Ms. Mahra Rashed Al Suwaidi, CEO of Horizon Energy in Abu Dhabi, commended Tinubu’s leadership for renewing investor confidence and strengthening key institutions, including NNPC Ltd. UAE Ambassador to Nigeria, Salem Saeed Musabbeh Al Shamsi, urged the consortium to seize the moment, describing Nigeria as “the right place” for foreign investment and noting that bilateral non-oil trade reached $4.3 billion in 2024.
Other officials present included AEP CEO Mr. Shakiru Olayinka, Mr. Abiye Membere of AEP, Mr. Hu Keyu of China Zhenhua Oil Corporation, Mr. Xu Yongfeng of Beijing Auxin Chemical Technology Corporation, and Mr. Liang Hongda of NORINCO Africa Department.