Vice President Kashim Shettima has called on economists across Africa to play a more active role in shaping the continent’s economic future.
Speaking in Abuja at the 66th Annual Conference of the Nigerian Economic Society, he noted that Nigeria’s recent economic reforms are beginning to produce visible results, with increased investor confidence and signs of corporate growth.
However, he acknowledged that many Nigerians continue to face temporary difficulties as the country adjusts.
According to a statement made available by the Director of Information and Public Relations, Ben Bem Goong, Shettima emphasized the importance of linking politics and economics to Africa’s development.
He stressed that economists should not be seen merely as academics, but as contributors whose ideas impact everyday life.
He added that Africa must position itself more strategically within the changing global order and view its population of 1.5 billion people as a strength.
Reflecting on global development trends, the Vice President pointed out that while regions like Asia and South America have restructured their economies successfully, Africa is still dealing with outdated systems.
He said intra-African trade remains low, accounting for only 16 percent of total trade on the continent, and warned against further missed opportunities.
The conference brought together participants from 22 African countries under the theme “Rethinking Africa’s Development Pathways to Economic Transformation and Social Inclusion in a Changing Global Economic Landscape.”
Also speaking at the event, Minister of Livestock Development Idi Mukhtar Maiha addressed the need to reduce reliance on meat and dairy imports.
He said Nigeria must take full advantage of its agricultural resources, particularly land, to boost local production.
“The future of this country is not in our hands but in our land.
Through the Renewed Hope Agenda of Mr. President, the livestock sector today will be the next crude oil,” he said.
Senator Atiku Bagudu, Minister of Budget and Economic Planning, reiterated the government’s intention to involve professionals in the reform process.
Former Minister of Finance Dr. Shamsudeen Usman also advocated for a greater presence of economists in public service and recommended that national development plans be backed by law.
Dr. Eric Ogunleye of the African Development Bank said Nigeria’s reforms could serve as a model for other African countries aiming for economic progress.
In his opening remarks, Professor Adeola Adenikinju, President of the Nigerian Economic Society, appealed to the Federal Government to include the Society in the Nigerian Economic Management Team to strengthen policy development and implementation.
