Friday, 13 October 2017

'President Buhari asked us to focus on Northern Nigeria' World Bank president, Jim Yong Kim, claims

The President of the World Bank Group, Jim Yong Kim, held a press conference in Washington D.C yesterday and spoke about World Bank activities in Africa. While addressing the press, Kim said that in his first meeting with President Buhari, the president asked that the world bank should specifically shift its focus to Northern Nigeria.“You know, in my very first meeting with President Buhari he said specifically that he would like us to shift our focus to the northern region of Nigeria and we’ve done that.  Now, it has been very difficult. The work there has been very difficult. I think Nigeria, of course, has suffered from the dropping oil prices. I think things are just now getting better.  But the conversation we need to have with Nigeria, I think, is in many ways related to the theme that I brought to the table just this past week, which is investment in human capital.  Thepercentage of the Gross Domestic Productthat Nigeria spends on healthcare is less than one percent. Despite that, there is so much turbulence in the northern part of thecountry, and there is the hit that was takenfrom the drop in the oil prices.  Nigeria hasto think ahead and invest in its people. Investing in the things that will allow Nigeria to be a thriving, rapidly growing economy in the future is what the country has to focus on right now. Focusing on thenorthern part of Nigeria, we hope that as commodity prices stabilise and oil prices come back up, the economy will grow a bitmore. But very, very much important is theneed to focus on what the drivers of growth in the future will be.” he said

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