Shettima Urges Government-Business Synergy to Boost Nigeria’s Economic Growth

The New Diplomat
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By Tolúlopé Olátúnjí

Nigeria’s Vice-President Kashim Shettima has emphasized the need for collaboration between the government and business leaders, noting that the partnership is crucial for driving country’s economic growth and prosperity.

Shettima made these remarks during the Heirs Holdings Group Directors’ Annual Summit Dinner in Abuja on Friday, where he addressed top industrialists in the country.

He underscored the importance of open dialogue, shared insights, and collaborative efforts between the public and private sectors to develop solutions tailored to the nation’s specific needs.

Shettima stated:”Politics is too important to be left to the politicians, and enterprises that define our economic destination are too important to be left to the businessmen alone to develop”

The Vice President called for synergy between the political class and economic stakeholders, explaining that these two spheres are complementary forces essential for national stability and progress.

Aligning with President Bola Tinubu’s economic agenda, Shettima urged companies to serve as pipelines for the administration’s practical economic vision, moving away from superficial reforms of the past. He stressed that collaboration between the public and private sectors is the key ingredient for a thriving economy.

“We must engage in open dialogue, share insights, and work together to develop solutions that are specific to our realities. Whether it is tackling unemployment, reducing poverty, or enhancing education and healthcare, our partnership must aim to drive sustainable development and create a secure future for all Nigerians,” he added.

Shettima also praised the Chairman of Heirs Holdings, Tony Elumelu, describing him as an “enigma and a banking colossus whose entrepreneurial exploits have carved a niche in Africa’s economic landscape.”

While reiterating the group’s commitment to empowering young entrepreneurs across the African continent, Elumelu noted that the annual gathering serves as a platform to review achievements, business practices, and learn from the experiences of over 100 board members.

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