Vice President of the Federal Republic of Nigeria, Senator Kashim Shettima, has assured investors that the best time to invest in Nigeria is now, declaring that the nation has successfully exited its phase of economic instability.
He attributed the achievement to decisive reforms implemented by President Bola Ahmed Tinubu’s administration, which, according to him, have removed long-standing obstacles hindering the country’s economic progress.
Speaking on Wednesday at the opening of the Bauchi Investment Summit 2025, Shettima noted that when the administration assumed office in 2023, the economy was on the brink of crisis, with the debt service-to-revenue ratio hovering around 100 per cent.
The Vice President explained that under the current administration, the ratio has been reduced to less than 50 per cent, while Nigeria’s GDP growth stood at 4.23 per cent as of last month.
“Our non-oil revenues grew by 411 per cent year-on-year in the same month. Our tax-to-GDP ratio now stands at 13.5 per cent, up from barely 7 per cent a few years ago. Our debt-to-GDP ratio remains at 38.8 per cent, far below the 60 per cent limit set by the Fiscal Responsibility Act and the 70 per cent thresholds of ECOWAS and the World Bank.
“Our external reserves have grown to 43 billion dollars as of September 2025. Nigeria has exited its phase of economic instability, and I assure investors present here that there is no better time to choose Nigeria,” Shettima stated.
He further explained that President Tinubu’s first major economic decision was to eliminate policy barriers that had stifled growth, emphasizing that “enduring development cannot be guaranteed without stability.”