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April 17, 2024

Bagudu to NIPSS: Interrogate digital economy in Agenda 2050, NDP

Bagudu to NIPSS: Interrogate digital economy in Agenda 2050, NDP

The Minister of Budget and Economic Planning, Senator Abubakar Bagudu,  has called on the Senior Executive Course 46 of the National Institute for Policy and Strategic Studies, NIPSS, Kuru, Plateau State to critically examine the place of the digital economy in the country’s Agenda 2050 and the National Development Plan (2021-2025).

He spoke yesterday in Abuja during a courtesy visit by Study Group Six of the Senior Executive Course, stating that the evaluation had become imperative to determine if the digital economy, which offers immense opportunities for youth employment and sustainable job creation, was properly captured in both documents.

READ ALSO: Private sector key in advancing economic agenda – Bagudu

Saying the digital economy was not the preserve of a ministry but a golden field that should be embraced by all to be left behind in the digital space, the minister explained that the creation of the Ministry of Communications and Digital Economy, as well as the separation of the Ministry of Youths from Sports, were a clear demonstration of the President Bola Tinubu administration’s commitment to facilitate the development these sectors of the economy.

Bagudu stated that several interventions such as the approval of the N300 bn Youth Investment Fund; the Training of  three million youths in the (I-DICE) project and the creation of a National Agricultural Development Fund for every part of the country were laudable programmes.

The minister said these investments’ vision was to stimulate the delivery of some of the administration’s key priorities, especially priority  seven, which was to accelerate diversification through industrialization, digitalization, creative Arts, manufacturing and innovation.

“With the advent of digitization, the world has become a global village; making the digital economy a financial hub for our youths,” he said, adding,  “The demography of the country highlights that 31 per cent of the population  are  youths.” Bagudu said the huge number of youths could not be ignored if the country wished to tackle unemployment, accelerate development and ensure sustainable growth.