Shettima Urges Faster Reforms to Unlock $750m SABER Fund

Vice President Kashim Shettima has called for accelerated implementation of key reforms required to unlock a $750 million performance-based fund under the State Action on Business Enabling Reforms (SABER) programme.

Shettima made the appeal during a meeting with government officials and development partners, stressing that timely execution of agreed reforms is critical to improving Nigeria’s business environment and attracting investment.

The Vice President said the SABER initiative represents an important opportunity for states to strengthen governance, simplify regulatory processes, and create a more conducive environment for businesses. He noted that unlocking the fund would provide additional resources to support economic growth and job creation across the country.

According to him, the reforms cover several strategic areas, including land administration, infrastructure services, transparency, investment promotion, and regulatory efficiency. He urged state governments to demonstrate commitment by meeting performance benchmarks within the stipulated timelines.

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Officials involved in the programme explained that the fund is designed to reward states that implement reforms aimed at reducing barriers to business operations and enhancing competitiveness. They added that successful implementation could boost investor confidence and improve service delivery.

Shettima emphasized that economic transformation requires coordinated efforts between federal and state authorities, saying delays in executing reforms could hinder progress toward national development objectives. He assured stakeholders of the federal government’s support in overcoming implementation challenges.

Development partners commended ongoing reform efforts but highlighted the need for stronger coordination, monitoring, and accountability mechanisms to ensure measurable outcomes. They noted that improved ease of doing business remains essential for attracting domestic and foreign investment.

Economic analysts said the release of the fund could provide a significant boost to state-level development initiatives while encouraging healthy competition among subnational governments. They argued that reform-driven incentives often produce lasting institutional improvements.

The Vice President reiterated that Nigeria must sustain momentum in its reform agenda to remain competitive in an increasingly challenging global economy. He urged all stakeholders to prioritize implementation and ensure that citizens benefit from a more efficient and business-friendly environment.

With the prospect of accessing the $750 million fund, state governments are expected to intensify efforts to meet programme targets and accelerate reforms that support economic growth and private-sector development.