Shettima: FG Will Create Conducive Environment for $1 Trillion Economy
Vice-President Kashim Shettima has reaffirmed the Federal Government’s commitment to creating a more enabling environment for investors and leveraging the industrial revolution to achieve its proposed $1 trillion economy.
Speaking at the 2025 Ota Investment Summit and Trade Fair on Tuesday, the Vice-President, represented by his Special Adviser on Economic Affairs, Dr Tope Fasua, stated that President Bola Tinubu’s ‘Renewed Hope Agenda’ is a “comprehensive blueprint for national rebirth.”
“The planned $1 trillion economy is both audacious and eminently achievable,” he said, adding that the government’s commitment to fiscal discipline and the removal of bureaucracy affirms its belief that the private sector is the primary driver of prosperity and job creation.
He noted that the recently rebased Gross Domestic Product (GDP) demonstrated that the Nigerian economy is a “rich tapestry woven with the thread of technology, financial services, and a booming agricultural value chain.”
The Olota of Ota, Oba Adeyemi Obalanlege, noted that the success of the Ota Industrial Belt was a result of strategic investment and infrastructure development. He added that with proper infrastructural upgrades, Ota could be a significant driver of the national goal to achieve a $1 trillion economy.
The monarch also highlighted how the belt’s proximity to global shipping routes, airports, and a skilled labour force makes it a “magnet for industrial expansion.”
Dr. Kayode Bowale, Chairman of the Ota Chamber of Commerce, called for stronger private-public partnerships to improve road infrastructure and urged Nigerians to patronise locally made goods and services.
