Citibank endorses Nigeria’s economic reforms, eyes more investment

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Vice President Kashim Shettima has spotlighted Nigeria as a top investment hub, praising Citibank’s 41-year presence in the country during a meeting with its global executives led by Ernesto Torres Cantú at the Presidential Villa.

Shettima highlighted transformative reforms under President Tinubu’s administration, including fuel subsidy removal, unification of the exchange rate, and sweeping tax reforms that shift more VAT revenue to states and local governments.

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He assured investors of policy stability and a secure business climate. “Now is the time to invest in Nigeria,” he said, commending Citibank for its role in facilitating $2.1 billion in capital inflows and consistently backing Nigeria’s economy.

Mr Cantú described Nigeria as being at a critical turning point, applauding the government’s bold economic decisions and reaffirming Citibank’s commitment to connecting Nigerian businesses with global markets.


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