One of the world's richest man, Bill Gates, has spoken out on why he tackled the economic policies being administered by the current government of Nigeria.
While speaking in an exclusive interview with the CNN, American billionaire businessman, Bill Gates, on Monday, criticised the President Muhammadu Buhari-led Federal Government’s Economic Recovery and Growth Plan (ERGP) said that the Federal Government’s investment in education and health was not good enough.
The Co-chairman of the Bill and Melinda Gates Foundation, said he spoke out to implore Nigerian politicians to focus on human capital and its large youth population.
“The current quality and quantity of investment in this young generation in health and education just isn’t good enough. So, I was very direct,” he told CNN.
“While it may be easier to be polite, it’s more important to face facts so that you can make progress,” the philanthropist said.
Recall that the philanthropist had at a special session of the National Economic Council, on Thursday said, said Nigeria would do better with strong investments in health and education, rather than concentrate on physical infrastructure to the detriment of human capital development.
He had said, “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.
“In upper middle-income countries, the average life expectancy is 75 years. In lower middle-income countries, it’s 68; in low-income countries, it’s 62. In Nigeria, it is lower still, just 53 years.
“The Nigerian government’s Economic Recovery and Growth Plan identifies investing in the people as one of three strategic objectives. But the execution priorities don’t fully reflect people’s needs, prioritising physical capital over human capital.
"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.”