Tinubu Is Focused On The Growth Of Small Businesses Across Nigeria – Kashim Shettima

Bola Tinubu and Kashim Shettima

Nigeria’s Vice President Kashim Shettima has called for a quick integration of Africa’s vast informal economy into the formal intra-African trade framework.

He recently described it as vital to exploiting the continent’s full economic potential, and Nigerians have been reacting.

According to him, Africa’s development does not depend on its assets or stock markets, but on unlocking the power of the informal sector, which accounts for nearly 90 per cent of the continent’s workforce.

He added that Nigeria, under President Bola Tinubu’s government, is focusing on the growth of small businesses via expanded investments and inclusive economic policies because MSMEs across the country contribute 48% to the GDP while employing more than 84% of the workforce.

His words, “If we fail to bring our informal economy into the framework of formal intra-African trade, we will remain trapped in a cycle of underdevelopment. There can be no African prosperity without a strong MSME ecosystem.

This forum is a continental call to action. It must mark a turning point where our shared aspirations are translated into concrete actions that empower MSMEs and lead Africa to a sustainable future.”

WOW.