Power of Political Will in Economic Policy: Vice-President Shettima Speaks at Nigerian Economic Society Conference

Strategic Insights -

Vice-President Kashim Shettima emphasized the significance of President Bola Tinubu's economic reforms, highlighting that they demonstrate the power of political will in driving policy change. Shettima made these remarks at the 66th Annual Conference of the Nigerian Economic Society (NES) in Abuja. He stressed the need for African nations to adopt a knowledge economy, urging the continent to move beyond outdated explanations and instead focus on structural transformation to revive human capital challenges and reverse unemployment. Shettima also noted that although geopolitical conflicts and other global challenges may seem daunting, they also present opportunities for growth and development.

Key Takeaways:

  • The Nigerian administration, under President Bola Tinubu, is undertaking bold reforms to address structural weaknesses and promote economic growth, with Vice-President Shettima highlighting the power of political will in driving policy change.
  • Shettima emphasized the need for African nations to adopt a knowledge economy, focusing on structural transformation to revive human capital challenges and reverse unemployment.
  • Despite global challenges, Shettima views them as opportunities for growth and development, particularly in sectors such as transportation, healthcare, and education.
  • The Vice-President stressed the importance of galvanizing the Nigerian Economic Society to collaborate with the Tinubu administration in driving economic transformation and national development.
  • Shettima also commended President Tinubu's Renewed Hope Agenda, which seeks to transform Nigeria's economy and address long-standing challenges.

Statistics:

  • Nigeria's economy is not exempt from the economic tragedies affecting Africa, but Shettima sees a silver lining in President Tinubu's leadership and its potential for positive change.
  • The Vice-President emphasized the importance of confronting poverty head-on to realize the promise of the continent for the lives of its people.
  • The Nigerian government has deliberately targeted policies in transportation, healthcare, and education to address inequality and promote growth.

Sources:

  • NAN (National Publicity Secretary of the All Progressives Congress)
  • www.nannews.ng