Connect with us

National News

Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu



Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu

  • As African countries commit to greater financing, digital access at IDA21 Summit:
  • Resolve to mobilise domestic resources for Africa’s economic transformation

By: Our Reporter

President Bola Ahmed Tinubu declared on Monday that Nigeria is set to harness the potential of its youthful population to transform into a global digital economy powerhouse.

He also hinted at the nation’s plans to become a global hub for outsourcing talent within the digital and creative economy.

This was the submission made by President Tinubu who was represented by Vice President Kashim Shettima at the meeting of African Heads of State and Government on the 21st Replenishment of the International Development Association (IDA21) in Nairobi.

This is just as African Heads of State and Government committed countries on the continent to strengthen implementation capacities, mobilising domestic resources, and partnering effectively with IDA to accelerate the continent’s economic transformation.

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 was delivered to the Summit by VP Shettima

President Tinubu informed other African leaders of the sweeping reforms implemented by his administration to curb illicit activities and currency manipulation that had long hindered the nation’s progress.

“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.

Alongside the digital transformation agenda, President Tinubu said Nigeria is committed to prioritizing climate resilience and becoming an attractive destination for carbon market investments.

“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 informed.

He expressed Nigeria’s belief that the summit’s communiqué would reflect the collective needs of African and IDA countries, capturing their “nuances, consensus, dreams, and projections.”

President Tinubu listed key priorities for Nigeria’s economic recovery in his administration’s Renewed Hope Agenda, anchored on poverty alleviation, to include economic expansion, job creation, enhanced access to capital, food security, and inclusivity.

He also stressed the importance of regional economic integration through instruments like the African Continental Free Trade Area (AfCFTA) Agreement to dismantle investment barriers and facilitate access to international markets.

“Our path to the future depends on nurturing strategic partnerships with other nations and development organizations. Therefore, we will utilize our absolute and comparative advantages to establish partnerships across borders,” the President said.

Earlier in his opening remarks, the President of Kenya, William Ruto, said the summit was urgent because it was “convened at a critical juncture facing a convergence of global crises which include escalating geopolitical tensions that challenge international unity, a deepening development and debt crisis that threatens our economic stability, and an urgent climate emergency that demands immediate and collective action for our planet’s survival.”

He gave instances of the devastating impact of severe flooding in the East African region which, according to him, has displaced thousands in Nairobi alone, and the vulnerability of the continent to extreme weather patterns, which points to the critical role of the IDA in financing Africa’s development and stability.

“This new normal demands our immediate and united action to safeguard our collective future. This underscores the critical role of IDA for Africa Summit as a cornerstone for financing for Africa. IDA has directed 75% of its total commitment which is nearly $26 billion to Africa in the last fiscal year with African countries comprising 8 of IDA’s top 10 borrowers. This support is not just financial but it’s a lifeline for development and stability,” President Ruto said.

Also speaking, the World Bank President, Ajay Banga, expressed optimism about Africa’s potential, saying “it’s very easy to feel hopeful when we’re together anywhere in Africa,” adding that you feel the infectious energy of young people.”

Banga affirmed the IDA’s commitment to accelerating progress on the continent, vowing to “move with urgency and purpose,” while making the institution more efficient and impactful.

“We stand at the crossroads of a new era of growth and prosperity for Africa,” he said.

At the end of the Summit, African Heads of State and Government adopted a joint communique committing countries on the continent to accelerate the continent’s economic transformation by strengthening implementation capacities, mobilising domestic resources, and partnering effectively with IDA.

They also called for an ambitious replenishment of the International Development Association (IDA) to support the continent’s development goals.

The Nairobi Communique described IDA 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.

Our Youths Will Transition Nigeria Into Digital Economy Powerhouse – President Tinubu

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

National News

Governor Buni Launch Construction of 250 Renewed Hope Housing Units



Governor Buni Launch Construction of 250 Renewed Hope Housing Units

By: Mamman Mohammed

Yobe state Governor His Excellency Hon. Mai Mala Buni CON, has appealled to the Federal Government to sell the 208 housing units in Damaturu to the state government.

He made the appeal today at the ground breaking ceremony for the construction of the 250 Renewed Hope Housing Estate of the Federal government.

The governor said the houses should be sold to Yobe state government “at 50 percent discount on the cost of construction to enable us further allocate the houses to the victims of insurgency on owner-occupier basis” he said.

“It may interest the Honourable Minister and of course this gathering to note that the construction of Green Economic City with the aim of integrating residential and commercial areas in a sustainable way to uplift the status of Damaturu as a modern city is in the pipeline”.

“We have as a matter of deliberate policy patronised local contractors, dealers in building materials, and artisans. We also patronised the state-owned Sahel Aluminum Company for the supply of roofing sheets. This is to create employment opportunities, contribute to the local economy, and to fast track the recovery programme.

“I, therefore, wish to appeal to the Honourable Minister to kindly consider our local contractors, Building materials merchants and artisans to locally source for the materials and manpower, to further give our people a sense of belonging and ownership of the Renewed Hope agenda.” Governor Buni said.

The governor congratulated and appealled to the contractors to ensure that they execute quality projects that would stand the test of time so that there is value for money, and to be of benefit to the people.

“I also urge the good people of Yobe state to extend our renowned culture of hospitality and cooperation to the contractors to ensure timely and successful completion of the project” Governor Buni said.

Arc. Ahmed Musa Dangiwa, the Minister of Housing, commended Yobe state government for providing the land, representing 30 percent of the project cost.

Represented by the minister of state, Engr. Abdullahi T. Gwarzo, assured that the project would be executed within the stipulated time frame for the beneficiaries to enjoy the project.

Governor Buni Launch Construction of 250 Renewed Hope Housing Units

Continue Reading

National News

An Open letter to Mr. President



An Open letter to Mr. President

Dear Mr. President Bola Ahmed Tinubu,

We write to bring to your attention the exemplary dedication and sacrifice of our national president of APC-IGG, Amb. Musa Muhammed Tsoken. His tireless efforts and unwavering commitment to the party and the nation are truly remarkable.

Amb. Tsoken’s selflessness, leadership, and vision have inspired countless individuals, and his contributions to the party’s success cannot be overstated. His ability to bring people together and build bridges has been instrumental in fostering unity and progress.

We strongly believe that his exceptional qualities and dedication make him an ideal candidate for a significant appointment in your administration. Recognizing his efforts with a suitable appointment would not only be a well-deserved honor but also a testament to the value your administration places on hard work, loyalty, and dedication.

We respectfully urge you to consider Amb. Musa Muhammed Tsoken for a fitting appointment, acknowledging his sacrifices and commitment to the party and the nation. His inclusion in your administration would undoubtedly bring valuable insights and expertise, further enriching your team.

Thank you for your time and consideration. We eagerly look forward to seeing Amb. Tsoken’s contributions recognized and rewarded.


1.Prof. Prince Michael Ikupolati, Chairman, Professors of the APC Initiative for Good Governance,
2.Prof. Zems Mathias, Member Professors of APC-IGG,
3.Isaac Jacob,
Media Aide to Amb. Musa Muhammed Tsoken.

An Open letter to Mr. President

Continue Reading

National News

Governor Yusuf assents new Emirate Law, reinstates Sanusi Lamido as 16th Emir of Kano



Governor Yusuf assents new Emirate Law, reinstates Sanusi Lamido as 16th Emir of Kano

…. Issues 48 hours for former emirs to vacate palaces.

By: Sanusi Bature

Governor Abba Kabir Yusuf has declared the reinstatement of Muhammadu Sanusi II as 16th Emir of Kano state.

Governor Yusuf also issued 48 hours to Aminu Ado Bayero and four other former first class chiefs to vacate the palace and hand over all emirates property to the office of the deputy Governor.

In a statement issued by the Governor’s Spokesperson Mr. Sanusi Bature Dawakin Tofa, said Governor Yusuf made the declaration on Thursday shortly after assenting the newly passed Kano State Emirate (Repeal) bill into Law.

The new law passed on Thursday by Kano state House of assembly has abolished the five emirates established by former Governor Abdullahi Umar Ganduje.

The law provided an opportunity for reinstatement of the 14th Emir of Kano Muhammad Sanusi II and removal of 15th Emir of Kano Aminu Ado Bayero, the Emir of Bichi Nasir Ado Bayero, Emir of Rano Kabiru Muhammad Inuwa, Emir of Karaye Ibrahim Abubakar II and Emir of Gaya Aliyu Ibrahim Abdulkadir.

Governor Yusuf signed the bill into law in the presence of deputy governor Comrade Aminu Abdulsalam, the Speaker of Kano State Assebly Right Hon. Ismail Falgore, and other top government functionaries.

While signing into law, the governor expressed satisfaction that the new law will bring unity of the people of Kano and foster sustainable socio-economic development.

Governor Yusuf further articulated that the return of Muhammad Sanusi II back on throne will propel peace and prosperity adding that the repeal of the council law was in realization of his campaign commitments to restore the lost glory of the state and its rich cultural heritage.

He emphasized that the signing of the bill symbolizes the restoration of the revered legacy of the Kano emirate, which has withstood the test of time of over a thousand years.

Furthermore, the governor urged the populace in the state to continue supporting his administration in delivering a multitude of infrastructural advancements that will propel Kano to greater heights.

“Everyone should go about his or her normal activities in the state, we have done what we believe is in the best interest of the state and its people”

“I want to inform the good people of Kano that today, we reappointed Sanusi Lamido Aminu Sanusi popularly known as Muhammadu Sanusi the II as the 16th Emir of Kano while the five former emirs are expected to vacate the palaces within 48 hours”

The former emirs are to handover all properties in thier possession to the Commissioner for Local Government who doubles as the state Deputy Governor.

Under the new Kano Emirate Repeal law 2024, Kano state is now under one emirate.

Governor Yusuf assents new Emirate Law, reinstates Sanusi Lamido as 16th Emir of Kano

Continue Reading


Verified by MonsterInsights