Nigeria has recorded a major milestone in global economic engagement as Vice President Kashim Shettima inaugurated its first pavilion at the World Economic Forum (WEF) in Davos, Switzerland.
On the occasion, Shettima said the pavilion indicates Nigeria’s readiness to play a more active and influential role in shaping global economic conversations.
According to him, the initiative equally demonstrates Tinubu administration’s commitment to repositioning the country as a credible destination for investment, innovation and partnership.
He said ongoing economic reforms by President Bola Tinubu’s administration were already yielding positive results with Nigeria’s economy growing by about 3.9 per cent in 2025, the non-oil sector largely drove expansion.
Shettima happily remarked that the non-oil sector is now accounting for about 96 per cent of the country’s Gross Domestic Product.
He explained that non-oil revenues currently contribute nearly 75 per cent of government income as the country diversifies its revenue sources away from crude oil.
The Vice President said inflation had eased while Nigeria’s foreign reserves had risen to over 45 billion dollars, pointing to improved macroeconomic stability and growing investor confidence.
Shettima urged global investors, development partners and multilateral institutions to leverage the Nigeria House as a platform for dialogue, collaboration and long-term partnerships.
Showcasing investment opportunities
According to him, the pavilion is primarily to showcase Nigeria’s investment opportunities, policy reforms and economic potential across critical sectors.
Earlier, the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, described the Nigeria House as a powerful symbol of renewed confidence in the Nigerian economy.
She said the pavilion reflected a strong public-private partnership and demonstrated the government’s resolve to work closely with the private sector to unlock growth and competitiveness.
Dr. Oduwole noted that the initiative provided a strategic space to engage investors, promote trade opportunities and present Nigeria’s reform agenda to a global audience at the WEF.
Nigeria’s investment playbooks were also launched on the occasion, which attracted senior government officials, ministers, heads of agencies and business leaders, reinforcing Nigeria’s push to deepen international economic partnerships and attract sustainable investments.
