Shettima Advocates for Expanded PPP to Boost Economy

During the first meeting of the National Council on Privatisation (NCP) in 2026, Vice President Kashim Shettima called for an aggressive expansion of public-private partnerships (PPP) to align with Nigeria's economic ambitions. He stressed the importance of attracting investment and ensuring that capital strategies align with national development priorities.

Shettima noted that Nigeria's goal of becoming a trillion-dollar economy cannot be achieved without balancing public enterprises and the private sector. He highlighted recent milestones in sectors such as mining, agriculture, and energy, including the sale of Eko Electricity Distribution Company, which has renewed investor confidence.

Shettima emphasized that credible and consistent policies are crucial for attracting capital inflow. He also urged for stricter monitoring of privatized assets to ensure they meet contractual obligations.

Ayodeji Ariyo Gbeleyi from the Bureau of Public Enterprises provided updates on the distribution sector's recovery program, which includes a $500 million financing initiative from the World Bank aimed at addressing the prepaid meter gap in Nigeria.