Vice President Kashim Shettima says Nigeria “has no business being poor,” speaking at the Agric, Development and Investment Summit in Abuja on Wednesday. In his keynote address, he argues that Nigeria has the resources and capacity to prosper. Shettima points to Indonesia as an example, saying that in 2025 Indonesia earned far more revenue from oil palm than Nigeria earned from crude oil, citing figures related to volumes exported and the resulting earnings. He also highlights Nigeria’s potential for marine and agricultural value chains, stating that the Niger Delta has rich resources and describing activities such as mariculture and fish farming, including products like fish and other seafood. According to Shettima, these opportunities show that money can be generated through activities in different parts of the country and that Nigeria can aim to become among the richest nations. The reports present his remarks as a call for greater investment and development aligned with Nigeria’s agricultural and resource endowments.
Shettima tells Nigeria it has no business being poor at Abuja summit
Vice President Kashim Shettima says Nigeria “has no business being poor,” speaking at the Agric, Development and Investment Summit in Abuja on Wednesday. In his keynote address, he argues that Nigeria...
- Vice President Kashim Shettima says Nigeria has no business being poor.
- Shettima delivers the remarks during the Agric, Development and Investment Summit in Abuja.
- He cites Indonesia’s oil palm earnings in 2025 as higher than Nigeria’s crude oil revenue.
- Shettima highlights the Niger Delta’s resources and the role of mariculture and fish farming.
- The statements are presented as a rationale for Nigeria’s potential to become a wealthy country.
Vice President Kashim Shettima has asserted that Nigeria has no business being poor. Shettima spoke while delivering a keynote address at the Agric, Development and Investment Summit in Abuja on Wednesday. He recalled how Indonesia’s revenue from oil palm outweighed Nigeria’s income from crude oil in 2025. The vice president said, “Indonesia is an oil producing but in 2025 it earned 25 billion dollars from 53 tons of crude palm oil while exporting only 32 million tons, its revenue exceeded more than Nigeria’s oil revenue with just 50 percent of what Indonesia earned from oil palm export. “The Niger Delta is the third largest Delta in the world, and what do people in Mariculture do? Fish farming like Salmond, Tuner, lobsters, and the Delta is endowed with those resources. “In this great nation of ours, we have no business being poor, we have the potential to be one of the richest countries in the world. There are certain parts of this country where money can grow, you can plant money and harvest tremendous money resources.”
4 hours agoVice President Kashim Shettima has asserted that Nigeria has no business being poor. Shettima spoke while delivering a keynote address at the Agric, Development and Investment Summit in Abuja on Wednesday. He recalled how Indonesia’s revenue from oil palm outweighed Nigeria’s income from crude oil in 2025. The vice president said, “Indonesia is an oil producing […] Nigeria has no business with poverty – Shettima
6 hours ago
Fetterman sets a red line on Israel support, warns he could leave Democrats
Senator John Fetterman says he has “no plans” to leave the Democratic Party, but he warns that a decisive shift on Israe...
US and Iran trade strikes in Gulf as Strait of Hormuz tensions disrupt ceasefire talks
The United States and Iran exchange strikes for a sixth day, with both sides citing violations of the fragile ceasefire...
Trump expected to focus on election conspiracies in Thursday national address
U.S. President Donald Trump is expected to address the nation on Thursday night, with remarks that he said will include...