Fani-Kayode Reacts To World Bank President's Revelation

President Buhari and Mr Asteem Muhammed Hanafi Mahmud Elseify

President Buhari and Mr Asteem Muhammed Hanafi Mahmud Elseify

Jim Yong Kim, made this call at a press conference in the on-going 2017 annual meetings of the World Bank Group in Washington DC, United States. "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", Mr Kim told journalists.

In April 2016, Kim was in Nigeria for three days during which he met with Buhari.

He said after acceding to President Muhammadu Buhari's request that specific attention be shifted to the northern region during his first meeting him, a task he said had been very hard, attention must not shift to sectors that would future economic growth.

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. The work there has been very hard. "I think things are just now getting better", he said while urging the country to reduce its dependence on oil revenues. "But very, very much important is the need to focus on what the drivers of growth in the future will be".

"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.

The former minister said Buhari sees citizens from the South and Middle Belt as "low-lifes, vassals and slaves".

Buhari has been frequently accused of promoting northern interests since he came to office in 2015, and this is believed to be a major trigger for the Biafra agitation and calls for restructuring in southern Nigeria.

Meanwhile, the International Monetary Fund, IMF, yesterday, said the performance of the economies of Nigeria and the other 49 countries in the sub-Sahara Africa was below potential and too low, compared with the population growth in the region.

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