Tinubu, represented by Vice-President Kashim Shettima, made the submission on Monday at the meeting of African heads of state and government on the 21st replenishment of the International Development Association in Nairobi, Kenya.The president 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.
“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,” he said.
Tinubu listed key priorities for Nigeria’s economic recovery in his administration’s renewed hope agenda, which focuses on poverty alleviation, through measures such as 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 Agreement to dismantle investment barriers and facilitate access to international markets.
Speaking on the impact of severe flooding in the East African region, he said thousands of people have been displaced in Nairobi,“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.
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