Vice President Kashim Shettima says Nigeria’s economy is on the right track, with reforms introduced by President Bola Tinubu beginning to yield positive results. He made the remarks on Wednesday at the Nasarawa Economic Summit 2026, where he attended as special guest of honour.
Shettima said the administration’s policies, including the removal of fuel subsidy, have improved investor confidence and helped stabilise the economy. He noted that the decision to end the subsidy was taken at the start of the administration in 2023 due to limited national reserves.
He added that Nigeria’s gross external reserves, which stood above 46 billion dollars in 2025, are recovering, while confidence is returning to the capital market. According to him, stock prices have risen significantly over the past year, reflecting renewed investor interest.
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The vice president’s comments come as President Tinubu also told foreign investors in Paris that the removal of subsidies has helped achieve foreign exchange stability, while government officials maintain that the policy will not be reversed.
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