The Federal Government has reassured its commitment to unlocking value of national assets and attracking foreign capital into Nigeria.

Vice President Kashim Shettima, at the first 2026 meeting of the National Council on Privatisation, NCP, held at the Presidential Villa, Abuja, called for an aggressive expansion of public-private partnerships to drive Nigeria’s economic ambitions.

The Vice President said the Tinubu administration is focused on attracting investments, and ensuring that such capital is strategically aligned with national development priorities.

VP Shettima stressed that Nigeria’s long-standing ambition of becoming a trillion-dollar economy would remain out of reach without a deliberate balance between public enterprise and private sector dynamism. He noted that economic prosperity must be intentionally designed and sustained through strong institutions.

According to him, “Prosperity does not happen by accident. It is designed, negotiated, protected, and sustained by institutions that understand that national assets must be deployed in the service of the people.”

Reviewing progress made over the past year, the Vice President highlighted key milestones across sectors such as mining, agriculture, and energy, pointing, in particular, to the sale of Eko Electricity Distribution Company, Eko DISCO, as a major signal of renewed investor confidence.

VP Shettima attributed the growing investor interest to the policy direction and reform agenda of the administration, emphasising that credibility, consistency, and clarity remain the strongest drivers of capital inflows.

The Director General of Bureau of Public Enterprise, BPE, Ayodeji Ariyo Gbeleyi, after the meeting, said he updated the Council on the progress made with the distribution sector recovery programme, an initiative financed by the World Bank to the tune of $500 million.

He explained that a major component of the programme is the procurement of about 3.22 million prepaid metres for Nigerians to bridge the metering gap that is currently estimated at about 5.6 million.