Manny Ita –
Vice President Kashim Shettima has stated that Nigeria is gradually regaining its economic footing after a turbulent period marked by fiscal strain, inflationary pressures, and currency instability. Speaking at a public engagement on economic reforms, he emphasized that the country has “moved back from the economic brink” and is now on a path toward stability. He credited the progress to a series of bold policy decisions undertaken by the administration of Bola Ahmed Tinubu, including fuel subsidy removal, foreign exchange unification, and efforts to improve revenue generation. According to Shettima, while these reforms initially triggered hardship for many Nigerians, they were necessary steps to reset the economy and attract long-term investment. The Vice President noted that key economic indicators are beginning to show signs of improvement, with increased investor confidence, gradual currency stabilization, and renewed interest from international financial institutions. He also highlighted ongoing government interventions aimed at cushioning the effects of reforms, particularly for vulnerable populations and small businesses. Despite the optimism, Shettima acknowledged that challenges remain, including high living costs and unemployment. He assured citizens that the government remains committed to sustaining reforms while prioritizing inclusive growth, job creation, and social protection initiatives to ensure that the benefits of economic recovery are widely felt.
