Africa (Commmonwealth Union) _ As the Tinubu administration mobilises stakeholders for the repositioning of the economy, Vice President Kashim Shettima stated on Tuesday that a better relationship with specialists in the Banking and Finance business can spur turning the economy around in record time.
The Vice President stated that we must now do what pessimists may regard as impossible: turning the economy around in record time in his remarks on “Our Priorities in a Post-Pandemic World”. In order to complete this, we need your assistance. Your help is not something we can take for granted. He went on to say that this journey towards economic revival should not be pursued alone. It is a call to create strong alliances with important countries and international organisations because, working together, Nigeria can recast itself as a powerful, competitive partner.
Sen. Shettima urged the stakeholders to join us in serving the nation while discussing the importance of banking and finance in reviving the economy. As per our campaign pledge, we would reposition consumer finance. You are our ally in fulfilling our goal to encourage and finance value addition to our agricultural and other products. Nigeria depends on you since our balance of payments is fragile due to the fact that we import more than we export.
The future has already arrived, and this industry serves as a launchpad for the accomplishment of our plans and changes. The Vice President said, Nigeria is here to occupy the high-table in a fast-changing world, whether in adopting blockchain technology or increasing financial inclusion to provide rewards of democracy to banking and unbanked individuals. Sen. Shettima commented on the effects of recent government initiatives and programmes, saying that I must announce with pride that our decisions are already producing tangible benefits, with both state and
The vice president declared, in reference to the “Eight-Point Agenda” of the Tinubu Administration, “we have resolved to prioritise food security and ending poverty.” Economic expansion and job creation are top priorities. We are giving increasing security and capital access top priority. Improving the playing field on which individuals and, in particular, businesses like yours operate, is a top priority for us. The rule of law and the fight against corruption are also top priorities. Without your assistance, none of the agendas can be completed.
The event, which has grown to become the largest gathering of banking and finance professionals in Africa, provides the platform for professionals to come together to drive conversation on current issues that are critical to the growth of the Nigerian economy, according to Ken Opara, president of the Chattered Institute of Bankers. Furthermore, he applauded President Bola Tinubu’s reform efforts and noted that “the reform initiatives such as subsidy removal, unifying the foreign exchange regime, investing in infrastructure, promoting agriculture, supporting SMEs, and tax reforms, among others, if well implemented will unlock the economic potentials of the country.
