Shettima Says Nigerian Enterprise Must Drive $1 Trillion Economy

What changed

Nigeria’s Vice-President Kashim Shettima said businesses, not government alone, must drive the country’s ambition to build a $1 trillion economy.

He said the goal depends on an ecosystem where businesses can emerge, grow, compete and contribute to national development.

Why it matters

This puts enterprise at the centre of Nigeria’s economic strategy. Government is being cast less as the sole engine of growth and more as part of the environment businesses need to succeed.

That is a meaningful shift in emphasis, but it remains a statement of direction. No timetable, funding plan or implementation measures were given, and the baseline for measuring the $1 trillion target was not specified.

The practical test will be whether Nigerian businesses gain the conditions to move from ambition to scale. Until those details emerge, the target is best understood as a political objective rather than a measurable economic plan.