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Shettima

Vice President Kashim Shettima has said the economic reforms introduced by President Bola Tinubu are creating opportunities for Nigerian companies to expand beyond the country and compete in global markets.

Shettima identified indigenous technology companies, including Flutterwave, Moniepoint and Andela, as examples of businesses that have leveraged Nigeria’s evolving economic environment to grow their operations and establish stronger international footprints.

The Vice President said the emergence of Nigerian companies on the global stage demonstrated the potential of the country’s private sector when supported by an environment that encourages innovation, investment and enterprise.

According to him, the reforms are helping businesses become more competitive while opening new opportunities for young Nigerians and strengthening the country’s position in the international digital economy.

Shettima noted that companies such as Flutterwave and Moniepoint have developed financial technology solutions serving customers beyond Nigeria, while Andela has built a reputation for connecting African technology talent with opportunities in the global market.

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He said the growth of such companies was significant because it showed that Nigerian businesses could create products and services capable of competing internationally.

The Vice President maintained that government policies must continue to support private-sector growth, particularly in areas capable of generating employment, attracting investment and increasing Nigeria’s participation in global commerce.

He said the administration remained focused on reforms designed to strengthen the economy and create conditions in which indigenous businesses could thrive.

Shettima stressed that economic transformation could not be achieved by government alone, arguing that private companies had an important role to play in expanding Nigeria’s productive capacity.

He added that the success of Nigerian businesses abroad could also improve the country’s international image by demonstrating the quality of its entrepreneurs, professionals and technology ecosystem.

The Vice President’s comments come amid ongoing efforts by the Tinubu administration to reposition the economy through changes in monetary, fiscal and investment policies.

The administration has repeatedly maintained that its reforms are intended to attract investment, strengthen domestic production and create a more competitive business environment.

For Nigerian technology companies, expanding internationally offers opportunities to earn foreign exchange, access new customers and develop partnerships across different markets.

Shettima said the government would continue to encourage businesses capable of creating value at home while competing successfully abroad.

He described the international expansion of Nigerian firms as an indication that the country’s entrepreneurial capacity could become a major driver of economic growth.