Meanwhile, the Managing Director of Ericsson Nigeria, Mr. Peter Olusoji Ogundele, has revealed the company's plan to build a technology hub worth about $19 million in Nigeria.

He said, "Nigeria has enough youths that can come into that field and they can train them adding that Ericsson will also take part in it, and some of them can be exported to the world, like other country do.

On her part, Ms. Anthonia Huard, Regional Director, North & West Africa, Energy & Transport Lead, said Nigeria has become the country's focal point in Africa for optimal engagement.

Also, the Director, Project Accelerator, of Swedfund, Mr. Hakan Danhltor, expressed the organization's commitment to reducing poverty and supporting sustainable development through investments in the private sector and in local private companies.

For her part, Mikaela Edstrom of the Swedish Export Credit Agency said the agency is closely watching the ongoing economic reforms taking place in Nigeria and views them as positive for the future.

Vice President Shettima also held bilateral talks with the Minister of Foreign Affairs, Maria Malmer Stenergard and Deputy Prime Minister of Sweden, Ebba Busch. The discussions focused on strengthening ties and exploring new areas of cooperation between Nigeria and Sweden.

The Vice President also visited the Royal Palace, where talks centered on deepening cultural ties and reinforcing the partnership between the two nations.