V.P Shettima Hails Tinubu’s Reforms as Foreign Reserves Hit $52bn

Vice President Kashim Shettima says President Bola Tinubu deserves praise for reforms that have helped increase Nigeria’s foreign reserves from about $3 billion to nearly $52 billion.

Shettima made the remarks on Monday at the Delta Economic and Investment Summit in Asaba, where he also commended Anambra State Governor Chukwuma Soludo for supporting the Federal Government’s economic reforms.

According to the Vice President, the country has moved from capital flight and scarcity to attracting more capital inflows despite global economic challenges.

He also said the growing number of investment summits across states shows healthy competition and stronger economic opportunities for sub-national governments.

Meanwhile, Delta State Governor Sheriff Oborevwori announced that his administration has set aside $100 million as viability gap funding to encourage and protect new investments in the state.