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LAGOS, Nigeria—Vice President Kashim Shettima has highlighted the significant impact of global conflicts, particularly the Russia-Ukraine war, on Nigeria's economy. In a recent address in Lagos, Shettima emphasised the challenges posed by rising energy prices and disrupted supply chains, which have compounded the country's economic struggles.
Despite these challenges, the Vice President expressed optimism about Nigeria’s economic recovery. He assured Nigerians that the worst is over and that the economy is steadily rebounding.
"I’m highly optimistic about tomorrow. I believe we have turned the corner and, Insha’Allah, we shall have very robust economic activities in the new year. I believe Nigerians will prosper," Shettima stated during his visit to President Bola Tinubu.
The Vice President noted that discussions with the National Assembly are underway to introduce policies aimed at addressing emerging economic challenges and safeguarding the nation’s financial stability.
"We are working assiduously with the National Assembly to come up with robust solutions to our national challenges. There is no nation that is immune to the economic headwinds across the world," he said.
Shettima also highlighted the global repercussions of ongoing conflicts, stating, “The crisis in Ukraine and so many other global trends are affecting us adversely because we are part of the global community. But I want to assure Nigerians that the economy is turning the corner. By the grace of God, we have crossed the Rubicon, and we are on a path to sustained growth.”
As 2025 begins, Shettima encouraged Nigerians to remain hopeful, promising better economic outcomes in the weeks and months ahead.
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