Nigeria Newspapers

FG targets public-private partnership to boost Nigeria’s economy


The Federal Government is looking towards public-private partnership to improve Nigeria’s economy.

Vice President Kashim Shettima, in a statement signed by his spokesman, Stanley Nkwocha, on Friday, called for a more robust collaboration between the government and business leaders to propel Nigeria’s economic aspirations.

“The Vice President said that open dialogue, shared insights, and collaborative work between the public and private sectors are necessary to develop solutions tailored towards Nigeria’s unique realities,” Nkwocha stated.

Speaking at a gathering of top industrialists at the Heirs Holdings Group Directors’ Annual Summit Dinner in Abuja on Friday, Shettima called for synergy between the political class and economic stakeholders.

The Vice President also stressed that the two spheres are not opposites but complementary forces vital for national stability and progress.

“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,” he said.

Aligning with President Bola Tinubu’s economic agenda, the Vice President urged conglomerates to serve as pipelines for the administration’s practical economic vision, departing from cosmetic reforms of the past.

“Collaboration between the public and private sectors is the ingredients of a thriving economy. We must engage in open dialogue and share insights and work together to crop solutions that are peculiar to our realities,” the VP said.

“Whether it is tackling unemployment, reducing poverty, or enhancing education and healthcare, our partnership must aspire to drive sustainable development and create a safe future for all Nigerians.”

Shettima also projected into the future, saying “Our bragging right will not be about having the most unicorns on the continent but also about our entrepreneurial standing with global comparisons.”

He hailed the Chairman of Heirs Holdings Group, Tony Elumelu whom the VP described as an “enigma and a banking colossus whose entrepreneurial exploits have carved a niche in Africa’s economic landscape.”

The VP lauded the Heirs Holdings chairman’s visionary leadership and commitment to empowering young African entrepreneurs.

“Tony Elumelu belongs to the class of wealthy men because he generates wealth and opportunities and is a harbinger of great tidings to the Nigerian people,” Shettima said.

To Elumelu and the business community, he further said, “For the dreams you have relegated to help build our nation, we offer our deepest gratitude and a promise to continue playing our part to enable the ease of doing business.”

Earlier, Elumelu reaffirmed the Heirs Holdings group’s unwavering commitment to the philosophy of Africapitalism and empowering young entrepreneurs across the continent.

Elumelu, whose business empire spans 24 countries, noted that the annual gathering serves as a platform to review achievements, business practices, and learn from the experiences of over 100 board members.

“Today, we started our Annual General Meeting, and it will continue until Saturday. Sessions like this afford us the opportunity to reflect on everything we have done within the year, look at things we should have done better, learn from our past mistakes, and re-strategize on how to accomplish our purpose,” he stated.