Nigeria has reaffirmed its ambition to play a more prominent role in the global economy following the inauguration of Nigeria House at the 2026 World Economic Forum (WEF) in Davos, Switzerland. The facility serves as Nigeria’s official pavilion at the forum and marks a significant milestone in the country’s international economic engagement.

Speaking at the opening ceremony, Vice President Kashim Shettima, who is leading Nigeria’s delegation to Davos, described the pavilion as a symbol of the country’s readiness to engage the global community with clarity and purpose. He emphasised that Nigeria’s long-term economic future depends on structured, intentional participation in global markets rather than passive observation.

The Vice President noted that this is the first time Nigeria has established a sovereign presence at Davos, underscoring a renewed commitment to global dialogue, investment attraction, and economic partnership. According to him, Nigeria House represents a strategic platform for positioning the country as an active contributor to discussions shaping the global economy.

While the pavilion was designed as a collaborative, whole-of-government initiative, Shettima highlighted the critical role of the private sector in driving sustainable growth. He stressed that government efforts can help reduce risk and create enabling environments, but lasting economic impact ultimately depends on private enterprise translating policy into productivity and growth.

The inauguration of Nigeria House also coincides with early outcomes from the economic reforms introduced by President Bola Ahmed Tinubu. The Vice President pointed to growing momentum across key sectors, including services, agriculture, finance, and technology, noting that non-oil revenues are increasingly contributing a larger share of government income.

For policymakers, business leaders, and global investors, Nigeria’s presence at Davos signals a clear intention to engage more deeply in international economic discourse and to position the country as a serious participant in shaping future global growth trajectories.

Source: The Nation