Vice-President Kashim Shettima says President Bola Tinubu deserves commendation, not condemnation, for the economic reforms initiated by his administration.
Shettima spoke on Monday at the Delta state economic and
investment summit held in Asaba, the Delta state capital.
The vice-president also commended Chukwuma Soludo, governor
of Anambra, for supporting the Tinubu administration’s reforms.
He said Soludo defied the “direction of the wind” in 2023 by
telling Nigerians that the presidential race would not be won through
“blackmail and intimidation” but by “grassroot support”.
Shettima said before the Tinubu administration took office,
Nigeria was experiencing “capital plight and scarcity”, adding that the country
is now witnessing “capital inflows”.
“Professor Soludo, you have done a lot of things for the
federal government, especially in informing Nigerians where we were coming from
— from reserves of $3 billion,” he said.
“When we were experiencing capital plight and scarcity, now
we are experiencing capital inflows.
“Our foreign reserves have gone up to over $52 billion and
counting in a turbulent world. Even the president deserves commendation and not
condemnation.”
Shettima said the federal government is ready to support
credible investments and work with states to remove obstacles to enterprise.
On May 29, 2023, Nigeria’s foreign exchange reserves stood
at $35.09 billion.
As of June 2026, the country’s foreign exchange reserves had
risen to $51.03 billion — the highest level since January 20, 2009.
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