At the 21st Replenishment of the International Development Association summit in Nairobi, Kenya, Vice President Kashim Shettima declared President Bola Tinubu’s commitment to eradicate economic saboteurs hindering Nigeria’s progress.
In a statement disclosed by Senior Special Assistant Stanley Nkwocha, VP Shettima, representing President Tinubu, outlined Nigeria’s ambition to transition into a global hub for outsourcing talent within the digital and creative economy. He underscored the importance of harnessing the potential of Nigeria’s youthful population to achieve this goal.
Shettima highlighted President Tinubu’s efforts to combat economic sabotage since assuming office, emphasizing the nation’s escape from this phase of disruption. He 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 these spheres.
Furthermore, the VP announced the launch of the Outsource to Nigeria Initiative (OTNI) to tap into the $350 billion global outsourcing market, spearheaded by the Vice President’s office to create jobs in the outsourcing sector.
Shettima briefed other African leaders on the sweeping reforms implemented by Tinubu’s administration to curb illicit activities and currency manipulation. He also emphasized Nigeria’s commitment to prioritizing climate resilience and becoming an attractive destination for carbon market investments.
The summit, attended by African Heads of State and Government, concluded with the adoption of a joint communique, committing countries to accelerate Africa’s economic transformation through strengthened implementation capacities, mobilization of domestic resources, and effective partnership with IDA. The communique also called for an ambitious replenishment of IDA to support Africa’s development goals.
As the summit concluded, it highlighted IDA’s crucial role as Africa’s largest source of concessional financing, outlining priorities for IDA21 to include building human capital, creating jobs, boosting energy and digital access, enhancing resilience to climate change and fragility, and promoting inclusive growth policies.
