Nigeria Economy, Technology To Overtake Others Soon — VP Shettima

•announces FG’s N150,000 grant for each business owner

Vice President Kashim Shettima has said Nigeria is not just catching up with the rest of the world but is also poised to overtake them in terms of economy and technology.

He made the declaration on Tuesday when he launched the AI Expertise Blockchain and Technology Training and Outsourcing Initiative in Dutse, the Jigawa State, as part of Nigeria’s strategy for digital transformation and leadership in Africa.

The AI Expertise Blockchain and Technology Training and Outsourcing Initiative, a partnership with tech company Gluwa, aims to train 1,000 Nigerians annually in artificial intelligence, blockchain, and other cutting-edge technologies.

Speaking during the launch of the Initiative at the Yakubu Gowon NYSC Orientation Camp, Fanisau, Dutse, VP Shettima called on Nigerian youths to embrace the initiative, which he said is important for the nation’s economic future.

“We are not merely catching up with the rest of the world; we are poised to overtake them. This initiative offers its beneficiaries the chance to become part of a global workforce, driving innovation that will shape our future,” he said.

The Vice President noted Jigawa State’s pioneering role in digital technology adoption, calling the programme “a homecoming ceremony for those who have eased our journey through the Fourth Industrial Revolution.”

He also outlined the federal government’s broader vision, saying, “We are adopting this initiative across the nation to create a network of tech hubs that will power Nigeria’s economic growth for decades to come.”

Shettima commended the partnership with Gluwa, stating that it aligns with President Tinubu’s agenda to revolutionize Nigeria’s digital technology sphere.

He acknowledged Gluwa’s significant impact, even as he applauded the firm for its empowerment of Aella Microfinance Bank, resulting in the disbursement of over N100 billion to two million Nigerians.

Addressing the global implications of the Initiative, Shettima said, “Our aspiration remains to transform Nigeria into a premier destination for technology outsourcing, creating a model that combines global expertise with local talent.”

Earlier, Jigawa State Governor, Malam Umar Namadi, noted the importance of the initiative, describing it as a rare opportunity at the doorstep of the youths.

He called on the population to “venture into the Digital World of ICT Outsourcing and reap all the benefits that it offers, particularly in terms of job creation and opportunities to contribute to the growth of our economy.”

Explaining that Jigawa has a history with ICT education, Governor Namadi said, “The State is blessed with hundreds of thousands of ICT-savvy and qualified youths in various fields of information and communication technology. This is courtesy of our very reputable Informatics Institute established more than two decades ago.”

He said the new initiative aligns with both the federal government’s Renewed Hope Agenda and Jigawa State’s 12-Point Agenda, prioritizing digital technologies and innovation.

Governor Namadi further announced the establishment of a new ICT & Digital Economy Agency, saying, “More than ever before, we are determined to reposition Jigawa State as a major ICT hub in Nigeria.”

According to a statement by his spokesman, Stanley Nkwocha,

Shettima also launched the 4th edition of the Expanded National Micro, Small and Medium Enterprises (MSMEs) Clinic in Jigawa State capital, disclosing that President Bola Ahmed Tinubu has ordered that a grant of N150,000 should be given to each of the business owners in the state as the federal government’s support to MSMEs across the country.

He noted that the N150,000 grant is an outright grant that does not require beneficiaries to repay.

Vice President Shettima said the N150,000 grant for each of the MSMEs as directed by the President was an outright grant that does not require beneficiaries to repay.

“Distinguished ladies and gentlemen, I am pleased to announce that His Excellency, President Bola Ahmed Tinubu, has mandated that a grant of N150,000 each be awarded to outstanding exhibiting MSMEs at today’s event. Rest assured that this is an outright grant, and the beneficiaries will not need to repay it,” the VP declared.

The Expanded National MSME Clinics is one of the federal government’s strategies for ease of doing business in Nigeria through a series of business forums organized across the country to provide on-the-spot solutions to challenges confronting MSMEs, with the first, second, and third editions launched in Benue, Ogun, and Ekiti States respectively earlier this year.

Speaking during the launch of the MSMEs Clinic on Tuesday in Dutse, Senator Shettima said, that as the very foundation of the nation’s economy, the MSMEs sub-sector has remained a top priority of the Tinubu administration, noting that they not only represent 96 percent of all businesses in Nigeria and contribute over 45 percent to its GDP but also provide a crucial lifeline to 80 percent of the nation’s workforce.

“We recognize your essence, and that’s why we are establishing MSME clinics across the nation. These clinics will act as incubators for small businesses and offer alternative financing. They will also ensure that you have the support and resources you need to compete and thrive,” he added.

Noting that the prosperity of small businesses is the prosperity of Nigeria and their downturn is the downturn of Nigeria, Shettima urged the business owners not to harbor any fear, saying the Tinubu administration will not rest until each of them is in a vantage position to access the support and capital made available for them.

Earlier in his remarks, Jigawa State Governor, Malam Umar Namadi, thanked the Federal Government for providing dividends of democracy for the people of the state through the MSME Clinics and related projects scattered across the area.

Governor Namadi urged existing and aspiring small business owners in the state to take advantage of services provided through the Clinics, describing the initiative as a rare opportunity for operators in the sector in the state.

He said the state government is aligning with the Federal Government’s Renewed Hope Agenda through the ‘Greater Jigawa’ initiative that provides social protection services and projects for the people.

The high point of the event at the Mallam Aminu Kano Triangle was the inspection of exhibition pavilions by MSMEs in the State and the commissioning of the Jigawa Retail Empowerment Shops.

Earlier on arrival in Dutse, the vice president, proceeded to the Sumore Farm in Madobi where he commissioned the 10-Hectare, Solar-powered irrigation farm.

He commissioned the 1,435 J-AGRO Agricultural Extension Agents and the distribution of agricultural inputs under the NG CARES Fadama Programme, benefiting over 26,000 individuals, with 30 percent being women.

Shettima also flagged off the Palliative Shop initiative at Yalwawa before proceeding to the Dutse Ultra Modern market where he commissioned a 120KVA Solar Plant.

He said the solar unit is to ensure “that the entire market receives a minimum of eight hours of electricity per day during market hours.”

Source:- Tribuneonlineng