Nigeria’s foreign investment drive received a significant boost as several Swedish companies committed to multi-million-dollar investments in the country’s digital economy, agriculture, and renewable energy sectors. This development follows Vice President Kashim Shettima’s two-day working visit to Sweden, where he urged investors to capitalize on Nigeria’s expanding business opportunities during a forum in Stockholm.
Speaking at the event, VP Shettima highlighted the economic reforms introduced under President Bola Ahmed Tinubu’s administration, aimed at creating a more competitive business environment. He cited recent policy changes, such as the unification of exchange rates and the removal of fuel subsidies, as key steps in fostering sustainable growth.
Major announcements from the forum include a $100 million investment by Gluwa to support digital skills training and financial inclusion, and Ericsson’s plan to establish a $19 million technology hub in Nigeria. The Vice President emphasized the importance of sectors like digital economy, agriculture, and renewable energy in addressing global challenges such as food security and climate change, urging Swedish investors to seize opportunities in Nigeria’s dynamic market.
The forum also saw pledges from other key Swedish stakeholders, reinforcing the potential for deepening economic collaboration between Nigeria and Sweden.
