Vice-President Kashim Shettima has described the inauguration of Nigeria’s first House in Davos as a sign of renewed seriousness and resolve to actively engage in global economic conversations.
Speaking at the opening of the 2026 World Economic Forum in Switzerland, Shettima said Nigeria House marks a historic milestone in the country’s international economic engagement, noting that nations do not grow in isolation.
“For the first time in our history, Nigeria stands at Davos with a sovereign pavilion of its own,” he said, adding that the initiative signals Nigeria’s intention to participate purposefully in the global economy.
He explained that Nigeria House was designed as a whole-of-government platform led by the Ministry of Industry, Trade and Investment, bringing together key leaders across investment, energy, infrastructure, technology, climate and culture. However, he stressed that its success depends largely on private sector participation.
“Government can open doors and de-risk environments; only enterprise can drive growth,” Shettima said.
The Vice-President also highlighted gains from President Bola Tinubu’s economic reforms, noting that Nigeria’s economy grew by about 3.9 per cent in 2025, driven mainly by the non-oil sector, which now accounts for about 96 per cent of GDP. He added that inflation eased while foreign reserves rose above $45 billion.
Shettima invited global investors to leverage Nigeria House, declaring that Nigeria is open for business and collaboration.
Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, said the initiative reflects stronger public-private partnerships and renewed confidence in Nigeria’s economy, while positioning the country as a hub for investment and wealth creation.
Nigeria House activities also included a Global Business Roundtable on resilient energy transition supply chains.
