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Bill Gates’ Speech About Nigerian Economy At The National Economy Council Held In Abuja

The Chairman of Bill and Melinda foundation, Bill Gates visited Nigeria On Thursday 22nd March 2018 for  the National Economy Council, held in Abuja. He outlined some key features on the Nigerian economy that i think is pretty amazing.

Bill Gates likewise revealed that he has committed $1.6 billion up until now, with the expectation of expanding his dedication in the nation. He additionally said a considerable measure of things concerning the development of Nigeria, check out some of the intriguing things he said in regards to the nation development;

  • 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.
  • Nigeria has unmatched economic potentials, but what becomes of that potential depends on the choices you make as Nigeria leaders.
  • To anchor the economy over the long term, investments in infrastructure and competitiveness must go hand in hand with investments in people. People without roads, ports, and factories can’t flourish. And roads, ports and factories without skilled workers to build and manage them can’t sustain an economy.
  • 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.
  • 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.
  • 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.
  • 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.

Do you think he is right?

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About Michael Iyeyi

Michael Iyeyi, CEO of Alphatekng.com is a humble tech enthusiast, a blogger, and a music freak with passion to impact lives positively.

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