Nigeria on the Path to Economic Prosperity — Shettima Reassures Citizens Amid Renewed Energy Push
By Joseph Iyaji | Akahi News
Vice President Kashim Shettima has assured Nigerians that the nation’s current economic difficulties will soon give way to a new era of growth and prosperity. Speaking during the Nigeria Renewable Energy Innovation Forum (NREIF) held on Tuesday in Abuja, Shettima emphasised that the Federal Government remains deeply aware of citizens’ struggles and is steadfastly committed to steering the country towards sustainable development.
“The president’s heart goes out to the pains that Nigerians are experiencing,” the vice president said. “But be reassured that we have crossed the Rubicon and are now on a path to sustaining growth and blessings.”
The event, organised by the Rural Electrification Agency (REA), was designed to attract investments into the local production of renewable energy technologies — a sector Shettima described as critical to Nigeria’s long-term economic revival and industrial self-reliance.
Nigeria’s $410 Billion Renewable Opportunity
According to Shettima, the country’s energy transition presents an investment opportunity worth over $410 billion between now and 2060, signalling a vast potential for both local and international stakeholders.
He noted that more than ₦23 billion is needed to expand energy access and connect millions of Nigerians still living in energy poverty. However, he stressed that Nigeria’s vision goes beyond energy access — it aspires to build a power system capable of generating 277 gigawatts of total installed capacity by 2060.
“This ambition demands more than investment,” Shettima explained. “It requires innovation, local capacity, and commitment.”
The vice president further stated that under the NREIF platform, over $400 million in new investment commitments have already been mobilised into Nigeria’s renewable energy manufacturing value chain. These investments, he revealed, cover solar panels, smart metres, battery storage, and recycling facilities, with projections to create over 1,500 direct jobs across multiple states.
Shettima urged all participants to ensure the forum’s resolutions translate into tangible outcomes such as factories, electrified schools, thriving rural enterprises, and resilient communities powered by clean energy.
‘Made in Nigeria’ to Drive Clean Energy Transformation
Minister of Power, Adebayo Adelabu, also spoke at the event, reinforcing the government’s determination to make Nigeria a continental leader in renewable energy production.
He described the NREIF 2025 as more than just a gathering — a “declaration that Nigeria is ready to lead Africa’s renewable energy transformation.”
“This year’s theme, Implementing the Nigeria First Policy, speaks to something far deeper than manufacturing,” Adelabu noted. “It embodies national pride, industrial competence, and long-term economic sustainability.”
According to the minister, the Nigeria First Policy aims to ensure that the next generation of clean energy technologies — including solar panels, battery storage systems, and smart energy infrastructure — are proudly labelled ‘Made in Nigeria.’
Akahi News Insight
The Shettima-led economic reassurance comes at a crucial time when Nigerians continue to grapple with the ripple effects of inflation, subsidy removal, and naira volatility. Yet, his remarks suggest a strategic pivot toward industrial innovation and renewable energy as economic stabilisers.
Observers note that if the government follows through on its promise to empower local manufacturing, this could mark a turning point for Nigeria’s energy independence and job creation drive. Akahi News analysts believe that beyond policy pronouncements, consistent implementation and transparent investment frameworks will determine whether these bold promises translate into tangible economic relief for ordinary Nigerians.
With over 70 million citizens still lacking access to reliable electricity, renewable energy — particularly off-grid and hybrid systems — could serve as a foundation for both inclusive growth and national pride.
As Nigeria continues its journey toward industrial and energy self-sufficiency, the government’s message is clear: the nation’s economic pain is temporary, but its prospects for renewal are vast.
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