The Vice President, Kashim Shettima, has said that Nigeria’s doors are open to investments and collaboration across diverse sectors, as President Bola Tinubu remains determined to transform the state of the nation’s economy for the better.

According to him, the results of the bold reforms undertaken by the administration of President Tinubu since the assumption of office in 2023 are testaments to the renewed determination of Nigeria’s leadership.

The Vice President stated this on Monday when he received a delegation from Visa, led by the Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA), Tareq Muhmood, on a courtesy visit to the Presidential Villa, Abuja.

The Vice President noted that, though painful, the ongoing reforms by the current administration were necessary and have begun to yield positive results in the economy.

“President Tinubu is determined to change the face of our nation. Today, there is great room for expansion in the Nigerian economy. Eight out of the ten unicorns in Africa are from Nigeria,” he said.

This is as the National Bureau of Statistics (NBS) on Monday said the inflation rate eased to 20.12 per cent in August 2025 compared to the July 2025 rate, which stood at 21.88 per cent.

The NBS said the rate showed a decrease of 1.76 per cent, as against the July 2025 headline inflation rate.

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The statistics office says in its report that the month-on-month headline inflation rate in August 2025 was 0.74 per cent, while the food inflation rate was 1.65 per cent on a monthly basis.