Vice President Unveils Ambitious Plan to Generate Two Million Digital Jobs Annually

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In a groundbreaking revelation at the ongoing World Economic Forum in Davos, Switzerland, Nigeria’s Vice President, Sen. Kashim Shettima, disclosed the federal government’s strategic initiative to create a staggering two million digital jobs each year. The move is part of a comprehensive effort to empower young Nigerians and actively involve them in the unfolding fourth industrial revolution.

Speaking during an interview on Arise TV, Vice President Shettima underscored Africa’s unique advantage in the global technological landscape, particularly in the realms of Artificial Intelligence (AI) and the Internet. With 230 million people, 75% of whom are below the age of 30, he emphasized that the continent is well-positioned to leverage the digital revolution and secure a prominent spot among nations leading the charge in technological innovation.

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“We are in a unique position. 230 million people, 75% are below the age of 30 and are very much at home with digital technology. We can really take advantage of the digital revolution and rightfully take our place in the comity of nations,” stated Vice President Shettima.

He further revealed the government’s ambitious $618 million I-DICE (Innovation-Driven Digital Economy) program, explicitly designed to generate two million digital jobs annually. The Vice President believes that this initiative will not only empower the youth but also position Nigeria as the global outsourcing capital as labor shortages become prevalent in Europe, America, and Asia.

Drawing parallels with India, Sen. Shettima highlighted the potential for Nigeria to attract foreign capital through digital technology and the global outsourcing industry. While Nigeria’s highest revenue from crude oil was $35 billion in 2011, India is anticipated to receive around $100 billion in 2024 from outsourcing alone.

Addressing concerns about Nigeria’s economic standing, the Vice President emphasized that the country’s presence at Davos is focused on collaboration and mutual benefit rather than seeking financial assistance. Sen. Shettima reassured investors that innovative solutions to various macroeconomic challenges, especially in the foreign exchange market, will be introduced in the coming months.

This visionary plan by the Nigerian government reflects a commitment to harness the demographic dividend of the country’s youthful population, ushering in an era of digital empowerment and global competitiveness.

Source:
Nairametrics

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