Vice President Kashim Shettima has embarked on a two-day diplomatic visit to Sweden, beginning on October 16, 2024. During this trip, VP Shettima aims to enhance Nigeria’s international partnerships, focusing on key sectors such as ICT, innovation, sustainable transport, agriculture, and mining. He will meet with senior Swedish officials, including Crown Princess Victoria and the Prime Minister, to discuss collaborations that can benefit both nations. The visit underscores Nigeria’s growing emphasis on creating mutually beneficial relationships with global partners.
A major highlight of the trip is Shettima’s engagement with Norrsken, a Stockholm-based venture capital firm. Norrsken recently launched a $205 million tech investment fund for Africa, of which 40% is allocated for Nigerian entrepreneurs. Shettima will discuss ways Nigerian startups can leverage this funding to drive innovation and contribute to the nation’s economic growth. The Vice President stressed the importance of strengthening the tech sector, viewing it as pivotal for Nigeria’s future economic success.
Strengthening Nigeria-Sweden Relations
In addition to exploring investment opportunities, Shettima will discuss Sweden’s expertise in digitalization, aiming to improve Nigeria’s digital infrastructure. His meetings will cover areas such as education and sustainable development, aligning with the Nigerian government’s broader economic reforms. He noted that Nigeria, as Africa’s largest economy, offers a wide range of opportunities for foreign investors, and this visit aims to deepen cooperation in areas that will fuel economic growth and development.
Shettima’s trip is not only about securing investments but also about enhancing Nigeria’s diplomatic ties with Sweden. His discussions with Swedish stakeholders reflect Nigeria’s strategy of building partnerships that create jobs, improve infrastructure, and foster sustainable development. The Vice President is expected to return to Nigeria by October 18, 2024, concluding what is anticipated to be a fruitful engagement.
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