Nigeria Will Tap Into Youth Potential To Become Digital Economy Powerhouse: Tinubu

President Bola Tinubu on Monday declared that Nigeria was all set to tap into the country's young population to become a global digital economy powerhouse.

Tinubu was represented by Vice President Kashim Shettima during the African Heads of State and Government meeting, on the 21st Replenishment of the International Development Association (IDA21) in Nairobi, Kenya.

"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 noted, as per the official statement shared on X (formerly known as Twitter).

During the event, the president told other African leaders about the big changes his government made to stop illegal activities and currency manipulation that had negatively impacted the country's growth for a long time.

Since the president took over the office in May last year, he has been committed to keeping his promise to stop people who are exploiting Nigeria, as per the statement, titled "The Path to Recovery: Nigeria's Journey Beyond Sabotage."

Tinubu further mentioned that in addition to focusing on digital transformation, Nigeria was dedicated to making sure it can handle the effects of climate change and become 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," he said. "We aim to become an investment-friendly destination for carbon market investments."

The president highlighted key goals for Nigeria's economic recovery under his administration's Renewed Hope Agenda including poverty alleviation, economic expansion, job creation, enhanced access to capital, food security and inclusivity.

"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," Tinubu said.

Tinubu earlier this week secured an investment worth $600 million from the Danish shipping and logistics company, A.P. Moller-Maersk, to expand the Nigerian seaport infrastructure and accommodate additional container shipping services.