Details provided by Leadership reveal that Vice President Kashim Shettima has asserted that Nigeria cannot build a $1 trillion economy on weak compliance frameworks and lax corporate ethics. Speaking at a high-level governance summit, the Vice President emphasized that transparent corporate governance is a non-negotiable prerequisite for sustainable economic expansion.
Shettima called upon public sector administrators and private sector leaders to uphold ethical benchmarks, eradicate institutional corruption, and align regulatory practices with global best standards. He noted that investor confidence relies heavily on predictable regulatory enforcement and transparent institutional accountability.
The Federal Government reiterated its dedication to implementing far-reaching structural reforms aimed at improving the ease of doing business, enhancing regulatory oversight, and enforcing strict anti-corruption standards across public departments.
This position was endorsed in reporting by Vanguard, which noted that “Nigeria can’t scale $1trn economy on shaky terrain of weak governance” according to the Vice President. The sentiment was echoed by The Guardian, which highlighted that “experts seek stronger governance to attract long-term investment” across key sectors.
Echotitbits take:
Shettima’s direct emphasis on corporate governance highlights the administration’s awareness that foreign capital demands institutional stability. Turning this rhetorical commitment into enforceability across state enterprises and regulatory agencies will be the true test for governance reform.
Source: Vanguard – https://www.vanguardngr.com/2026/07/nigeria-cant-scale-1trn-economy-on-shaky-terrain-of-weak-governance-shettima/, July 22, 2026
Photo credit: Premium Times
