Vice-President Kashim Shettima emphasized the importance of empowering state governments to unlock regional prosperity through investment opportunities. He made these remarks during the sixth African Sub-Sovereign Governments Network (AfSNET) Investment Conference 2026 in Calabar.
Shettima highlighted that local leaders must leverage their unique advantages to drive economic transformation. He pointed out that effective national policies depend significantly on actions taken at the subnational level, where states serve as economic actors and investment destinations.
Strengthening State Governments for Economic Growth
Shettima urged subnational governments to identify their competitive advantages and develop investment-ready projects. He stressed the need for partnerships that deliver sustainable economic outcomes, emphasizing that states are not just administrative units but vital economic players.
He noted that infrastructure such as roads and electricity is crucial for connecting producers to markets and powering industries. This infrastructure enables businesses to create opportunities and fosters community benefits from economic growth.
Nigeria: Key figures on Investment Opportunities
- An amount was not specified for investment opportunities.
AfSNET Conference Highlights and Goals
Governor Bassey Otu of Cross River stated that the conference holds significant economic and social importance for the state. He mentioned that Cross River is the second Nigerian subnational government to host the event, following Lagos State in 2022.
Otu emphasized the need for Africa to process its cash crops and rare earth minerals locally, ensuring that commodities move freely across borders. He called for farmers and miners to benefit from adding value to their products.
Next Steps for Regional Integration
- Strengthen partnerships to attract private capital.
- Develop investment-ready projects in subnational governments.
- Promote intra-African trade and economic diversification.
Shettima’s call to action highlights the critical role of local leaders in driving economic transformation.
