Vice President Kashim Shettima has called on state governments to speed up reforms needed to unlock a $750 million programme supported by the World Bank.
The initiative aims to improve Nigeria’s business environment and attract more local and foreign investment.
Speaking at a stakeholders’ meeting at the Presidential Villa in Abuja, Shettima urged states to act quickly to benefit from the State Action on Business Enabling Reforms (SABER) programme. He warned that delays could weaken the programme’s impact on economic growth.
SABER Programme Targets Business Growth
The SABER programme seeks to simplify business processes, improve transparency, and remove obstacles that slow economic activities. Through the reforms, states will improve access to business registration, taxation services, land administration, and dispute resolution mechanisms.
Officials believe these changes will make it easier for entrepreneurs and investors to operate across the country.
Reforms to Boost Investment and Job Creation
According to Shettima, the reforms will lower the cost of doing business and encourage greater investment. Small and medium-sized enterprises are expected to benefit from a more efficient regulatory environment.
The Vice President said the programme will also support job creation, increase productivity, and strengthen state economies. He linked the initiative to Nigeria’s ambition of building a $1 trillion economy.
Federal Government Seeks Stronger Collaboration
Shettima stressed that success will depend on strong cooperation between federal and state governments. He also aligned the programme with President Bola Tinubu’s Renewed Hope Agenda, which focuses on economic recovery and long-term growth.
To support implementation, the Vice President directed the Director-General of the Presidential Enabling Business Environment Council, Zarah Mustapha-Audu, to extend the SABER programme by one year.
Meanwhile, Doris Uzoka-Anite called for stronger coordination among stakeholders. She urged all parties to resolve outstanding challenges quickly to ensure the programme delivers meaningful results.
The Federal Government expects state governments to take the lead in implementing the reforms, which officials consider crucial for improving investment conditions and driving sustainable economic growth across Nigeria.
