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WEF 2025: Nigeria, Global Leaders Target $29trn African Economy By 2050
WEF 2025: Nigeria, Global Leaders Target $29trn African Economy By 2050
** As VP Shettima reaffirms Nigeria’s resolve to champion AfCFTA
By: Our Reporter
Vice President Kashim Shettima has joined other world leaders to push for the full implementation of the African Continental Free Trade Area (AfCFTA) with a target to boost Africa’s economy to $29 trillion by 2050.
He restated Nigeria’s readiness to spearhead the AfCFTA and take advantage of the market potential of the sector for digital transformation and economic integration of the African continent.
This is just as the President of the World Economic Forum (WEF), Børge Brende, pointed out the transformative potential of the AfCFTA, projecting that its full implementation could boost Africa’s economy to $29 trillion by 2050.
Senator Shettima and the global leaders declared their nations’ positions on Wednesday during a forum of Friends of AfCFTA on the sidelines of the ongoing 2025 annual meeting of the World Economic Forum (WEF) in Davos, Switzerland.
The Vice President, while addressing the forum tagged, “Forum Friends of AfCFTA: Turning Digital Trade into a Catalyst for Growth in Africa,” reaffirmed Nigeria’s commitment to AfCFTA as a vehicle for shared prosperity.
According to VP Shettima, Africa stands in a unique position to take advantage of global talent deficits, citing a Korn Ferry study that projects a global human talent shortage of more than 85 million people by 2030.
“By 2050, Nigeria’s population will surpass that of the United States, becoming the third most populous nation on earth at 440 million people,” he stated.
Citing Africa’s growing digital landscape, the VP said Nigeria’s technological strength is propelling it into the knowledge age.
“Today, we have 220 million telecom subscribers and 163 million internet users in Nigeria alone. This provides us with immense opportunities to empower our people. While our highest oil export earnings were $35 billion in 2011, India last year earned about $120 billion from outsourcing alone.
“The African Continental Free Trade Area is not only an economic arrangement but a bold statement of our shared destiny,” VP Shettima stated, adding that while Africa may have missed the agricultural and industrial ages, it is positioned to thrive in the post-industrial knowledge age.
On his part, the WEF President, Brende, while welcoming Vice President Shettima and other African leaders to the “Forum Friends of AfCFTA,” said Africa’s demographic advantage presents huge economic opportunities for the continent.
He noted that while most nations face workforce challenges, Africa’s young population positions it for unprecedented growth.
“If the Secretary General of the AfCFTA is given all the support he deserves, we can boost intra-African trade by a staggering 50%.
“As of today, $29 trillion represents one-third of the global GDP. Africa is such a growing continent, and one of its key promises is demography. The challenge now is creating new jobs for the youth population,” he stated.
Others who spoke at the event included the Presidents of South Africa, Cyril Ramaphosa; Botswana, Duma Boko; DR Congo, Felix Tshisekedi; Somalia, Hassan Sheikh Mohamud; Prime Minister of Egypt, Mostafa Madbouly; Confederation of African Football President, Patrice Motsepe; Former British Prime Minister, Tony Blair; amongst numerous global CEOs.
WEF 2025: Nigeria, Global Leaders Target $29trn African Economy By 2050
KOGI YOUTHS CALL ANTI-AKPOTI-UDUAGHAN’S CAMPAIGNERS ENEMIES OF DEMOCRACY
· URGE NIGERIANS TO IGNORE ODODO, FANWO
· MOVE TO PREVENT KOGI CENTRAL SENATOR’S FOES FROM COMMITTING SUICIDE
By: Michael Mike
Youths in Kogi Central on Friday pounced on the Commissioner for Information and Communication, Mr Kingsley Fanwo.
‘’The comments made by Kingsley Fanwo are offensive, bigoted and disgusting’’
They also described Governor Ododo as ‘’a man who can’t stand on his own feet without crutches.
‘‘Senate President, Godswill Akpabio, Governor Ahmed Usman Ododo and Yahaya Adoza Bello ought to know that in a contest at the grassroots level, they have not the ghost of a chance to win in Kogi Central’’
The youths in a statement in Okene advised Fanwo to tame his appetite for falsehood against Akpoti-Uduaghan.
‘’Kogi Central constituents represent a variety of viewpoints and temperaments. The home coming of Senator Natasha Akpoti-Uduaghan shows how faithful the Kogi Central people are to the true spirit of democracy and Senator Natasha Akpoti-Uduaghan’’.
The statement issued by Kogi Central Youth Forum Chairman, Alhaji Abubakar Jato scolded Fanwo for penciling a chit to the public, insulting civilization and presenting a shrouded and remote figure at the peak of an unintelligent bureaucracy as a responsible person.
‘’Nothing is more important for a politician than to command the necessary abundance of understanding and loyalty on the part of the people’’
They described the Ododo government as a model of poor administration.
‘’Kingsley Fanwo’s comments on Akpoti-Uduaghan are distasteful and provocative. The APC leaders in Kogi State are officious people. They need to imbibe the values and ideals of civilization and democracy’’.
Specifically, the youths applauded the Kogi Central senator for her patriotism, leadership style and tactful politesse.
‘’The senate president is not a person. It is an institution. Senator Godswill Akpabio should not jeopardize the institution’’
They denounced the absurd idea that Akpoti-Uduaghan’s home coming was to create crisis in the state.
The youths added that the future of Nigeria, particularly Kogi State lay with politicians who realized that the people are more interested in government than politics.
‘’We urge the public not to pay attention to what the Commissioner for Information and Communication is saying’’
The statement stressed Akpoti-Uduaghan’s simplicity, personal charm, courage and bubbling nature.
‘’Our task is to prevent those behind Akpoti-Uduaghan’s suspension and recall from committing suicide’’
KOGI YOUTHS CALL ANTI-AKPOTI-UDUAGHAN’S CAMPAIGNERS ENEMIES OF DEMOCRACY
Six Arrested as Farmers, Herders Clash in Adamawa
By: Zagazola Makama
The Adamawa State Police Command has arrested six suspects following a clash between farmers and herders in Waduku, Lamurde Local Government Area, which resulted in injuries to a villager and 11 cattle.
Sources told Zagazola Makama that the incident occurred around 4:30 p.m. on April 2 when some herders allegedly trespassed into a rice farm and caused damage to the crops.
In retaliation, angry youths from the village attacked the herders, injuring their cattle and wounding one person identified as Righteous Boti from Nzumoso Village.
Security personnel visited the scene and held an emergency meeting with local stakeholders to prevent further escalation of violence.
The arrested suspects include Rabo Buba, 31; Ahmadu Adamu, 20; Stephen Pwagwadi, 17; Shadrach Simon, 19; Lot Gad, 20; and Righteous Boti, 27.
The injured individuals received treatment at the Tingno Primary Health Care Clinic and have since been discharged.
Six Arrested as Farmers, Herders Clash in Adamawa
Suspected Thief Dies After Being Beaten by Man O’ War officer, in FCT
By: Zagazola Makama
A suspected thief in the Federal Capital Territory (FCT) has died after being beaten by a security officer following his apprehension on April 2.
A Police sources said that a distress call was received at Karu Division about a suspected thief seen around Supreme Quarters in Karu at approximately 1:00 p.m.
The suspect was approached by security personnel who believed him to be involved in theft. When questioned, the suspect attempted to flee but was quickly chased and apprehended by civilian security personnel.
Kola Oba, a Man O’ War officer, then reportedly took the suspect into custody and subjected him to severe physical abuse. The suspect later succumbed to the injuries sustained during the beating and passed away.
The sources said that the Police detectives were dispatched to the scene, and photographs were taken. The body was subsequently transported to the hospital mortuary for preservation.
The suspect’s identity remains unknown, and efforts are underway to locate his family. The officer involved has been arrested.
Suspected Thief Dies After Being Beaten by Man O’ War officer, in FCT
VP Shettima Departs Abuja For Dakar To Represent President Tinubu At Senegal’s 65th Independence Anniversary
KOGI YOUTHS CALL ANTI-AKPOTI-UDUAGHAN’S CAMPAIGNERS ENEMIES OF DEMOCRACY
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