Introduction

Vice President Kashim Shettima has defended President Bola Tinubu's economic policies, asserting that bold reforms prevented Nigeria's economy from total collapse. Speaking at a rally organized by the City Boy Movement, Shettima emphasized the administration's resolve amid criticism.

What Happened

At an event titled Together till 2027 An Evening with Original City Boy Shettima argued that without Tinubu's decisive actions, the nation's economy would have already failed. He pointed to current growth metrics and reserve levels as proof that the worst has been avoided. The forum, backed by groups supporting the president's 2027 reelection, featured sharp remarks directed at past critics.

Shettima specifically noted that the economy expanded by 4.43 per cent in the last quarter, with foreign reserves hovering around $60 billion. He contrasted this with the narrative critics would be promoting from abroad had the decisions not been taken.

Why This Matters

The vice president's remarks highlight the high stakes of Nigeria's current economic trajectory. By crediting specific policy choices for stabilizing growth and rebuilding reserves, the administration seeks to reframe the narrative around painful but necessary measures. The speech also signals intensified political activity ahead of the 2027 presidential election, with the APC already mobilizing across states.

Shettima also acknowledged the hardship many Nigerians face, but framed it as a necessary trade-off for long-term stability. He urged young people to spread the administration's message, emphasizing that the alternative would have been far more severe.

Key Takeaways

  • Shettima claims Tinubu's far-reaching decisions prevented a total economic collapse.
  • The Nigerian economy grew by 4.43 per cent in the most recent quarter, according to NBS data.
  • Foreign reserves are reported at approximately $60 billion, a significant recovery level.
  • Headline inflation eased to 14.63 per cent in September, down from previous months.
  • The administration points to the Nigerian Education Loan Fund and infrastructure investments as ongoing reform pillars.
  • Political momentum is building for Tinubu's 2027 reelection, with campaigns active in all 36 states.

Conclusion

Shettima's remarks serve as both a defense of the administration's economic record and a rallying cry ahead of the 2027 election. While challenges remain, the vice president insists that the path taken was necessary to avert a far worse outcome. As political campaigns intensify, the administration's ability to deliver on promises around inflation, job creation, and education funding will likely determine public reception.