Vice-President Kashim Shettima has departed Abuja for Kenya to represent President Bola Tinubu at the International Development Association (IDA21) summit.
In a statement, Stanley Nkwocha, senior special assistant to
the president on media and communications, said the summit would be hosted by
William Ruto, Kenyan president.
Nkwocha said the summit will bring heads of state and
governments together on the African development agenda.
He said it will be a platform to call for the replenishment
of the World Bank’s International Development Association (IDA) concessional
lending arm.
“Shettima is expected
to take a lead role in advocating for Nigeria’s vision of a transformative
IDA21 financing package to accelerate development across the continent over the
2024-2026 period,” he said.
“In the draft Nairobi IDA communique to be considered at the
summit, African heads of state outline urgent priorities for IDA’s next
three-year funding cycle, including building human capital, creating jobs,
enhancing energy and digital access, building climate resilience, and promoting
sustainable growth.
“While thanking donors for contributing 23.5 billion dollars
to the current IDA20 cycle, the communique states that this level of financing
is inadequate to meet the massive investment needs.
“It calls on IDA
partners/donors to step up and ensure a robust replenishment for IDA21.”
The senior special assistant said Shettima will also be
advocating for a partnership to strengthen Nigeria’s economic transformation
plan.
“This is considering the country’s young population
requiring substantial investments in sectors like job creation, energy access,
and human capital development,” he added.
“The Nairobi summit follows previous IDA gatherings in
Abidjan in 2022 and Dakar last year where African leaders united to call for an
ambitious IDA20 replenishment from donors.”
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