Nigeria’s vice president, Kashim Shettima, has declared the country the natural hub for the African Continental Free Trade Area (AfCFTA) and its massive $3.4 trillion market. Speaking to international investors in New York, Shettima pointed to recent sovereign rating upgrades from Fitch and Moody’s as proof of the country’s strengthened economic standing and clearer policy direction. He showcased numerous investment opportunities, including a $200 billion energy transition plan that leverages Nigeria’s vast gas and solar resources. The Vice President also highlighted major infrastructure projects and special economic zones designed to transform the nation into Africa’s primary production hub. By emphasizing fiscal incentives and de-risking strategies, the government is making a compelling case for global capital to secure an early position in what it envisions as the backbone of Africa’s future trade and innovation.
Nairametrics
