Tinubu’s Economic Reset Anchors Growth Across States – Shettima

Vice President Kashim Shettima has said President Bola Ahmed Tinubu’s economic reforms are beginning to stimulate growth across states despite the initial hardship associated with the policies.

Shettima stated this during an economic stakeholders’ forum in Abuja, where government officials, investors, and development partners gathered to assess the impact of ongoing reforms under the Tinubu administration.

According to the vice president, the administration inherited deep structural challenges but has taken bold decisions aimed at repositioning the economy for long-term stability and growth.

He cited fuel subsidy removal, foreign exchange reforms, tax restructuring, and increased infrastructure spending as part of measures already reshaping economic activities nationwide.

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The vice president argued that several state governments are beginning to experience higher revenues and improved fiscal capacity as a result of reforms introduced at the federal level.

He noted that increased allocations to states have enabled governors to invest more in infrastructure, agriculture, healthcare, education, and social intervention programmes.

Shettima acknowledged the hardship faced by many Nigerians but insisted that the reforms were necessary to prevent economic collapse and restore investor confidence.

According to him, early indicators show growing interest from foreign investors in sectors such as energy, technology, mining, and manufacturing.

The vice president also praised state governments for aligning with federal economic priorities, particularly in agriculture and food security initiatives aimed at reducing inflationary pressure.

Several governors present at the forum reportedly highlighted ongoing projects funded through improved revenues generated after the subsidy removal policy.

Economic experts at the event, however, urged the federal government to intensify social protection measures to cushion the effects of inflation and rising living costs on vulnerable citizens.

Labour groups and civil society organisations have continued to criticise aspects of the reforms, arguing that ordinary Nigerians are yet to feel meaningful economic relief.

Despite the criticism, the presidency maintains that the policies are already laying the foundation for sustainable development and stronger economic competitiveness.

Shettima said the administration remains committed to expanding opportunities for businesses and creating an environment that encourages innovation, entrepreneurship, and industrial growth across the federation.

He added that collaboration between federal and state governments would remain critical in translating macroeconomic reforms into tangible benefits for citizens at the grassroots level.