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Nigeria Will Become A Digital Economy Powerhouse Thanks To Our Youths, Says President Tinubu

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On Monday, President Bola Ahmed Tinubu announced that Nigeria is going to take advantage of its youthful population to become a global leader in the digital economy. 

He also alluded to the country’s intentions to establish itself as a global center for talent outsourcing in the creative and technology industries. 

This was made known by the Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Mr. Stanley Nkwocha, in a statement on Monday.

                       

At the meeting of African Heads of State and Government on the 21st replenishment of the International Development Association (IDA21) in Nairobi, he said that President Tinubu made this submission in the person of Vice President Kashim Shettima. In addition, to expedite the continent’s economic transition, African Heads of State and Government pledged that their nations would enhance their implementation capacities, mobilize domestic resources, and develop productive partnerships with IDA. 

President Tinubu also reiterated Nigeria’s plans to build a vast digital market capable of absorbing cutting-edge innovations and technologies, positioning the country as a hub for outsourcing talent in the digital and creative economy spheres.

“Being a young country with a median age of about 18, our interventions in the digital economy have been so extensive that we are no longer boasting of having the most unicorns but preparing to serve as a global hub for outsourcing talents,” the President stated in his submission titled “The Path to Recovery: Nigeria’s Journey Beyond Sabotage,” which Vice President Shettima presented to the Summit. 

President Tinubu briefed other African leaders on the significant modifications that his administration had put in place to stop illegal activities and currency manipulation, which had long delayed the country’s development. 

“Since assuming office, President Tinubu has remained steadfast in fulfilling his promise to end the reign of economic saboteurs who have long exploited and hindered the progress of our nation. I am pleased to report that our economy has escaped the phase of sabotage,” the VP noted.

Vice President Kashim Shettima represented President Tinubu at the Meeting of African Heads of State and Government. Acknowledgment: Presidency

In addition to the plan for digital transformation, President Tinubu stated that Nigeria is dedicated to making climate resilience a top priority and developing into a desirable location for investments in the carbon market. 

“The tensions resulting from climate-induced disruptions serve as a pressing call to action. The profound impact of climate change on our continent’s security underscores our dedication to transforming innovative concepts from conference discussions into tangible actions. We aim to become an investment-friendly destination for carbon market investments,” the organ was notified.

He asserted Nigeria’s conviction that the communiqué from the summit will capture the “nuances, consensus, dreams, and projections” of African and IDA countries, reflecting their collective needs. In his administration’s Renewed Hope Agenda, which is focused on reducing poverty, President Tinubu outlined important goals for Nigeria’s economic recovery. These goals included inclusivity, increased access to finance, job creation, economic growth, and food security.

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