Vice President Kashim Shettima has said Nigeria’s ambition of building a one-trillion-dollar economy will depend on enterprise, investment and coordinated reforms across all levels of government.
He spoke at the Invest Lagos 3.0 Summit in Lagos, where policymakers, investors and business leaders gathered to discuss economic opportunities.
Shettima said Lagos State stands out as an example of how subnational leadership can support national economic growth.
He described Lagos as a testing ground for ideas, governance and economic execution.
“Lagos is the livewire of our continent. Lagos is the furnace in which our ideas are tested against the discipline of execution. Lagos is the great doorway through which Nigeria continues to greet the future,” he said.
He said the state’s progress shows what is possible when leadership vision is matched with consistent governance and private sector trust.
Shettima also praised President Bola Tinubu, saying his time as Lagos governor laid a foundation for the state’s development model.
He said Governor Babajide Sanwo-Olu has continued to build on that progress through sustained policies and reforms.
The Vice President said recent economic reforms by the Tinubu administration were aimed at improving investor confidence and strengthening long-term stability.
He said some of the government’s decisions have been difficult but necessary for economic discipline and growth.
“We have taken difficult decisions because we understand that the economy of our dream cannot be built on illusions,” he said.
Sanwo-Olu said Lagos remains open to investment and continues to strengthen its position as a commercial hub in Africa.
He said the state is expanding opportunities across sectors such as transport, agriculture and technology.
Finance Minister, Taiwo Oyedele, said ongoing reforms have helped improve Lagos’ role in national economic performance.
Commonwealth Secretary-General Shirley Botchwey described Lagos as a city that demonstrates proof of potential through enterprise and innovation.
Other speakers, including representatives of Afreximbank and AfCFTA, said Lagos is well positioned to drive Africa’s trade and investment future.
Deji Elumoye
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