Shettima Speaks On Economic Hardship In Nigeria, “We Have Crossed the Rubicon”
- Vice President Kashim Ibrahim Shettima has sent hope to Nigerians amid economic hardship in the country
- Shettima said the economic hardship facing many Nigerians following President Bola Ahmed Tinubu's reforms will soon be over
- According to Shettima, Nigeria is on a path to sustaining growth and blessings, and hardship will soon be a thing of the past
Legit.ng journalist Adekunle Dada has over 8 years of experience covering metro, government policy, and international issues
FCT, Abuja - Vice President Kashim Ibrahim Shettima said economic pain and hardship in Nigeria will soon be over.
Legit.ng recalls that the World Bank disclosed that, despite reform gains, no fewer than 139 million Nigerians are still living in poverty.
Source: Twitter
The bank called on Nigeria to ensure that the positive outcomes from its recent reforms translate into real improvements in citizens’ living standards.
Shettima assured Nigerians that the country is entering a new phase of economic prosperity.
He said President Bola Ahmed Tinubu’s heart is with Nigerians, and he currently feels their pains.
As reported by Daily Trust, he stated this while speaking during the Nigeria Renewable Energy Innovation Forum (NREIF) on Tuesday, October 14, 2025, in Abuja.
“The president’s heart goes out to the pains that Nigerians are experiencing, but be reassured that we have crossed the Rubicon and we are on a path to sustaining growth and blessings.”
Shettima explained that the event is an invitation to establish Nigeria as a hub for renewable energy manufacturing in Africa, and Nigeria’s energy transition presents an investment opportunity of over $410bn between now and 2060.
“Of this, more than N23bn is required to expand energy access and connect the millions of Nigerians who still live in energy poverty. But beyond access lies our grander ambition, which is to deliver a power system capable of 277 gigawatts of total installed capacity by 2060. This ambition demands more than investment; it demands innovation, local capacity, and commitment."
Tinubu Explains Why Nigerians Are Suffering
Recall that President Tinubu sent a serious message to Nigerians over the economic hardship in the country.
Tinubu explained the reason Nigerians are suffering following some of his economic reforms since assuming office in May 2023.
The President disclosed this during the coronation of the 44th Olubadan of Ibadan, Oba Rashidi Adewolu Ladoja, in Ibadan, Oyo state, on Friday, September 26, 2025.
Source: Facebook
Read more stories on economic hardship in Nigeria:
- Wike Sends Strong Message to Nigerians Amid Economic Hardship: “No Such Thing as a Miracle Solution”
- Nigerians Better Off Today Than in 1960, Says Tinubu’s Adviser Amid National Art Competition Launch
- "Hardship Like Labor Pains": US Declares, Shares Report on How Govs Spend Billions on Govt Houses
- Tinubu Begs Nigerians One Thing as Many Continue to Groan Over Hardship
- Hardship: "Why Nigeria is Suffering," Primate Ayodele Speaks
“139 million Nigerians live in poverty.”
In a previous story, Legit.ng reported that the World Bank rated the performance of President Tinubu’s economic reforms.
The Country Director of the World Bank in Nigeria, Mathew Verghis, said Tinubu's economic reforms have not reduced poverty in the country.
Verghis mentioned the steps Tinubu's government should take to translate reforms into better living standards for Nigerians.
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Source: Legit.ng
