Co founder of Bill and Melinda Foundation, Mr. Bill Gates at the
special and expanded National Economic Council, held in Abuja on
Thursday made some suggestions that could help the country position
properly in terms of growth. Here are 7 points he made, we are sure you
would find interesting.
1.Growth is inevitable, Nigeria has unmatched economic potentials,
but what becomes of that potential depends on the choices you make as
Nigeria leaders. –
2.The most important choice you can make is to maximize your greatest
resource, the Nigerian people. Nigeria will thrive when every Nigerian
is able to thrive.
3.If you invest in their health, education, and opportunities- the
human capital we are talking about today, then they will lay the
foundation for sustained prosperity. If you don’t, however, then it is
very important to recognise that there will be a sharp limit on how much
the country can grow.
4.More than half of rural Nigerian children can’t adequately read and
write.” “The conclusion is inescapable, Nigeria’s economy tomorrow
depends on improving its schools today.
5.Nigeria’s government revenue as a percentage of its GDP is by far
the lowest in the world, the next lowest country, Bangladesh collects 10
per cent of its GDP. If you got yourself up to second to the last in
the world, you would have an extra $18 billion to budget. Obviously, you
are aiming higher, but it gives you some idea about the scale we are
talking about.
6.Nigeria is one of the most dangerous places in the world to give
birth with the fourth worst maternal mortality rate in the world ahead
of only Sierra Leone, Central African Republic and Chad. One in three
Nigerian children is chronically malnourished.
7.The Nigerian government’s Economic Recovery and Growth Plan
identifies “investing in our people” as one of three “strategic
objectives.” But the “execution priorities” don’t fully reflect people’s
needs, prioritizing physical capital over human capital.
Friday, 23 March 2018
Author: Sam Mayor
Sam Mayor is a blogger, editor and I.T Marketer. A budding individual with the strive to share and inform the masses with contents relating to their beliefs, lifestyle and all about the entertainment.
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