Vice President Kashim Shettima has said President Bola Tinubu’s economic reforms are driven by difficult but necessary choices aimed at positioning Nigeria for long-term growth, according to a report by Channels Television.

Speaking on Monday at the Invest Lagos 3.0 Summit in Lagos, Shettima said the administration’s ambition of building a one-trillion-dollar economy cannot be achieved through “illusions”, but through enterprise, investment and coordinated reforms across all levels of government.

He said Tinubu had borne the political and social cost of implementing “painful” decisions in order to stabilise and restructure the economy.

“The President has taken the bullet for making painful decisions because we understand that the economy of our dream cannot be built on illusions,” Shettima said.

He added that effective leadership requires difficult choices that prioritise long-term national stability over short-term comfort.

Shettima also highlighted Lagos State as a key example of how sustained policy direction and institutional continuity can drive economic transformation. He described the state as Nigeria’s foremost commercial hub and a major gateway for investment in Africa.

According to him, Lagos has remained attractive to investors due to its infrastructure base, access to markets and concentration of talent and capital.

He further stated that ongoing macroeconomic reforms are designed to restore investor confidence, improve fiscal discipline and encourage private sector participation in national development.

The Vice President reiterated that Nigeria’s economic progress depends on productivity, competitiveness and the ability to create an enabling environment for enterprise to grow.