What do you believe is the single most important factor driving up the cost of living in Nigeria?

The Vice President stated this on Wednesday during a high-level meeting with ExxonMobil executives on the sidelines of the ongoing 79th Session of the United Nations General Assembly in York, United States.

Senior Special Assistant to the Vice President on Media and Communications, Stanley Nkwocha, revealed the details of the meeting in a statement he signed on Thursday titled, ‘UNGA79: ExxonMobil Unveils $10bn Deep-Water Investment Plan In Nigeria.’

At the meeting, Shettima said, “This potential investment by ExxonMobil aligns perfectly with the President Bola Tinubu administration’s vision for a more investment-friendly Nigeria. We are committed to creating an enabling environment for such transformative projects.”

He explained the administration’s efforts in ensuring ease of doing business in Nigeria saying, “The Renewed Hope Agenda places a strong emphasis on ease of doing business.

“We have initiated comprehensive reforms to streamline bureaucratic processes, enhance transparency, and provide fiscal incentives that make Nigeria an attractive destination for global investors.”

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