On 5th July, 2024 the Vice President of the Federal Republic of Nigeria, Senator Kashim Shettima while speaking during the ‘Existing Foreign Direct Investors Roundtable’ in Abuja, revealed that the non-oil sector contributed ninety-three point six percent to the GDP of the country in the first quarter of 2024, and the non-oil sectors did not only promise attractive returns, but also align with their national development priorities.
According to TheCable, the Vice President of the Federal Republic of Nigeria, Senator Kashim Shettima said "It is not by chance that the non-oil sector contributed 93.62 percent to the nation’s GDP in the first quarter of 2024. This significant shift from our oil dependency invites us to explore diverse sectors such as agriculture, manufacturing, renewable energy, and digital innovation. These sectors not only promise attractive returns but also align with our national development priorities outlined in the Economic Recovery and Growth Plan (ERGP) and subsequent blueprints. Tinubu’s administration adopted some mechanisms for the ease of doing business which stimulate investment across critical sectors and strengthen the capacity of public institutions."
Senator Kashim Shettima added that the importance of investment was to sustain the economy of a country, and it was not just about financial returns but also building lasting legacies and making enduring contributions to society. He also added that the life of every economy was defined by the volume of investments it accommodates and attracts, and investments were the lifeblood that fuel innovation, drives growth, and creates opportunities for prosperity.