ASABA, Nigeria – Nigeria’s Vice-President, Kashim Shettima, defended the economic policies of Nigeria’s President, Bola Tinubu, during a speech at the Delta State Economic and Investment Summit on Monday, August 3, 2026.
At the event, Okay News reports that Shettima announced the national foreign reserves have increased to over $52 billion due to new capital inflows. The vice-president stated the federal administration inherited severe economic challenges but is now recording measurable improvements from its policy changes.
“When we were experiencing capital plight and scarcity, now we are experiencing capital inflows,” Shettima said. “Our foreign reserves have gone up to over $52 billion and counting in a turbulent world. Even the president deserves commendation and not condemnation.”
The vice-president commended the Governor of Anambra State, Chukwuma Soludo, a former governor of the Central Bank of Nigeria, for publicly supporting the federal economic agenda. Shettima noted that Soludo stated during the 2023 election period that the presidential election would not be won through “blackmail and intimidation” but through “grassroot support.”
Shettima told investors that the Federal Government of Nigeria remains committed to creating an enabling environment for businesses and is collaborating with state governments to remove obstacles to enterprise.
