Focus Only On Northern Nigeria–Buhari Asks World Bank

By Ikenga Chronicles October 13, 2017

Focus Only On Northern Nigeria–Buhari Asks World Bank

The President of the World Bank Group, Jim Yong Kim, on Thursday revealed that world bodies who focused their aids on Northern Nigeria were only acting on President Muhammadu Buhari’s order.

Kim who spoke at press conferences in Washington DC, United States, together with the Managing Director, International Monetary Fund, Christine Lagarde said the bank had concentrated on the northern region of Nigeria in line with President Buhari’s request.

Kim said, “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 an investment in human capital. The percentage of the Gross Domestic Product that Nigeria spends on healthcare is less than one percent.”

He added, “Nigeria has to 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.”

Kim also said, “Focusing on the northern part of Nigeria, we hope that as commodity prices stabilise and oil prices come back up, the economy will grow a bit more. But very, very much important is the need to focus on what the drivers of growth in the future will be.”

According to the World Bank boss, the bank will invest in human capital in other parts of Africa in order to prepare the continent for the next phase of growth.