President Tinubu Pledges Nigeria’s Youthful Potential to Propel Digital Economy at IDA21 Summit
In a resounding declaration, President Bola Ahmed Tinubu has affirmed Nigeria’s commitment to harnessing the vibrant energy of its youthful population to position the nation as a global powerhouse in the digital economy. Speaking at the 21st Replenishment of the International Development Association (IDA21) Summit in Nairobi, President Tinubu outlined Nigeria’s ambitious plans to lead the digital transformation on the African continent.
Represented by Vice President Kashim Shettima, President Tinubu underscored Nigeria’s vision to become a premier hub for outsourcing talent within the digital and creative economy sectors. Highlighting the nation’s youthful demographic dividend, with a median age of about 18, he expressed confidence in Nigeria’s capacity to transition into a global center for innovation and technology.
“Our interventions in the digital economy have been extensive, paving the way for Nigeria to not only boast the most unicorns but also prepare to serve as a global hub for outsourcing talents,” President Tinubu stated, emphasizing the transformative potential of Nigeria’s burgeoning digital ecosystem.
Amidst commitments from African Heads of State and Government to mobilize domestic resources and accelerate economic transformation, President Tinubu reiterated Nigeria’s resolve to build a vast digital market capable of absorbing cutting-edge innovations and technologies. He also highlighted sweeping reforms implemented by his administration to curb illicit activities and currency manipulation, signaling a new era of economic transparency and accountability.
In addition to the digital transformation agenda, President Tinubu affirmed Nigeria’s dedication to climate resilience and attracting carbon market investments. Recognizing the urgent need for collective action in addressing climate-induced disruptions, he pledged Nigeria’s commitment to becoming an investment-friendly destination for carbon market initiatives.
The summit, convened against the backdrop of escalating global crises, including geopolitical tensions and a deepening development crisis, underscored the critical role of IDA in financing Africa’s development and stability. President Tinubu echoed the sentiments of other African leaders, calling for accelerated progress and robust partnerships to navigate the continent’s challenges.
As the summit concluded, African Heads of State and Government adopted a joint communique, committing to accelerate economic transformation by mobilizing domestic resources and partnering effectively with IDA. The Nairobi Communique outlined key priorities for IDA21, including building human capital, creating jobs, enhancing energy and digital access, and promoting inclusive growth policies.
President Tinubu’s visionary address signals Nigeria’s steadfast commitment to driving inclusive and sustainable development, leveraging the power of its youthful population and fostering strategic partnerships for Africa’s collective prosperity.
