The foreign investment drive of the administration of President Bola Ahmed Tinubu got another significant boost, as several investors from Sweden committed to investments and partnerships worth millions of dollars in Nigeria's digital economy, health and other critical sectors.

This followed Vice President Kashim Shettima's assurance to global investors at a business meeting with Swedish businesses in Stockholm that they can now take unfettered advantage of Nigeria's ever-growing investment climate, which is currently providing limitless opportunities for serious investments.

According to him, the Nigerian government, under President Bola Ahmed Tinubu, has undertaken bold reforms that are restructuring the nation's economy for sustainable growth, just as the administration's Renewed Hope Agenda is focused on a competitive business environment that attracts both foreign and domestic investments.

Speaking at Epicenter, Stockholm, Sweden, where he is currently on a two-day working visit aimed at boosting trade and bilateral relations between both nations, VP Shettima noted that Nigeria and Sweden have a time-honored history of cooperation, particularly in trade, technology, and sustainable development.

He cited opportunities that abound in Nigeria, including the digital economy, agriculture, renewable energy, and MSMEs, among many others, pointing out that the nation is now "an ambitious nation, bound by the limitless potential of the Fourth Industrial Revolution."

Employing every negotiation skill at his disposal to woo investors at the business forum with the theme, "Trade and Investments with a Focus on the Digital Economy, Agriculture, and Renewable Energy," the VP assured that the Tinubu administration has done much within the last year to brighten Nigeria's investment climate, creating vast investment opportunities.

VP Shettima recalled that trade between Nigeria and Sweden grew by 30% in 2022, informing a greater need for deeper collaboration between the two nations.

The VP further recalled that though the COVID-19 pandemic led to serious global economic downturn, it inspired Nigeria to diversify its economy and strengthen partnerships that have positioned the nation as a pillar of the global economy.

On MSMEs, he described them as the backbone of Nigeria's economy, accounting for 96% of businesses and over 84% of employment.

For Nigeria's digital economy, he said it is one of the fastest-growing sectors in Africa, contributing significantly to GDP, with the nation's fintech ecosystem, led by companies such as Flutterwave and Paystack, attracting global attention, "with Nigerian tech start-ups receiving over $1 billion in funding in 2022".

Welcoming the Vice President earlier, Edgar Luczak, Chairman, Partner & Head of Advisory, Epicenter, Sweden, noted that the future is digital and sustainable, assuring that the Epicenter was ready to engage not just in words but in action.

Mr. Akinola Jones, Director of Gluwa, a digital wallet service, said as part of its contribution to the Renewed Hope Agenda of the Tinubu administration, the company would train over 30,000 people in digital skills.

Jones said they had already started training about 1,000 people in Jigawa state, adding that they were committing $100 million across Nigeria.