Kashim Shettima, the Vice President of Nigeria, has said that he is not in support of the idea of foreign aid being the solution to economic challenges in the global south. Shettima said this when he spoke at the World Economic Forum (WEF) 2025 in Davos-Klosters, Switzerland on Thursday, January 23.Nigeria’s Vice President Kashim Shettima has made a bold statement at the World Economic Forum (WEF) 2025 in Davos-Klosters, Switzerland, emphasizing that foreign aid is not the solution to economic challenges in the global south.
Instead, he stressed the importance of investing in education, gender empowerment, and innovation to transform African societies, during the discussion on Thursday 23rd January.
He underscored the importance of African nations leveraging their resources to shape global growth. The vice president added that Nigeria’s economic crisis presents a unique opportunity to erect a solid foundation.
“Yes, we have challenges. But those challenges are also pregnant with opportunities to re-engineer our society and build back better. The crisis has given us a unique opportunity, a unique window to invest in people. Especially on education, gender empowerment initiatives, on smart agriculture, and leapfrog our economies into the post-industrial revolution.
I don’t believe in aid. I believe in partnership. I would rather carry my poverty with dignity and deal with people, nations, and companies on a pedestal of equality, not a master-servant relationship.
My continent is the richest in the world, and the trajectory of global growth is facing Africa. And Nigeria will make or mar that transition.
So I move in with confidence, with cautious optimism, with hope for a better tomorrow. But most importantly, I believe that the youth of Africa are the drivers of change in Africa” he said