Human Dev't Index : World Bank Ranks Nigeria 152nd Out Of 157 Countries - Naijaray
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Human Dev’t Index : World Bank Ranks Nigeria 152nd Out Of 157 Countries

Many African countries are in the red Zone of the Human Capital Project including the acclaimed giant of Africa, Nigeria.

The World Bank has ranked Nigeria 152nd out 157 countries captured in its maiden Human Development Index, HDI.

The President of the World Bank Group, Dr. Jim Yong Kim, disclosed this at the on-going Annual Meetings in Bali, Indonesia, which is focused on two key development issues, climate change and human capital development.

His words, “Nigeria unfortunately ranks 152nd out of 157 countries in Human Development index,” he said in response to a question on the performance of Nigeria in HDI.

Nigeria, like many other African nations, the World Bank boss said, was in the red zone because the country’s health and education budgets were too low.

His words, “Many African countries are in the red Zone if you see table 2 in the Human Capital Project.

“This is a very loud message to Africa. Africa needs to invest massively in education. The message here is that Heads of State and Ministers of Finance have to take responsibility.

“There is so much waiting for the grants to come. We wait and the activists will help us to tell the donors ‘we need more money, we need more money’. What happens is that in many African countries, if they don’t receive grant, they simply don’t spend on health and education.

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“So we hope that this is a loud wake-up call for the African countries and especially, Nigeria.

“We provide quite a bit of support to Nigeria in terms of its health budget. But we feel that the overall spending on health is just too low. Just 0.76 per cent of GDP.

“The education outcomes in Nigeria are very poor and Nigeria is one of the most important countries not only in Africa but the world and we feel that they should go on a different level altogether in terms of their commitment to investment in human capital.”

Kim admitted that the World Bank was wrong in its emphasis on hard infrastructure above human capital investment in the past and that emphasis has now changed to priority in human capital development.

He said, “I think the World Bank has to take responsibility for emphasising hard infrastructure – roads, rails and energy for a very long time.

“That changed 20 years ago but there has been the bias that says, “you know we will invest in hard infrastructure and then when we grow rich then we will have enough money to invest in health and education.

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“We are now saying that is a wrong approach. You have got to start investing in your people right now. Of all the reasons, why you need to do that is that the rapid change in technology, in fact all the low-skilled jobs will be eliminated.

“Nobody is quite sure how long that will take but a child born today, in twenty years certainly, many of the low-skilled jobs today will be gone and the requirement for this child to earn income throughout his entire life is simply going to get higher.”

Kim commended Indonesia, which he said, has enjoyed strong economic growth and currently making significant advancements in its efforts to end extreme poverty.

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Buhari at 76: NANS calls for reshuffling of cabinet 

The National Association of Nigerian Students (NANS) has joined Nigerians and the rest of the world to felicitate with President Muhammadu Buhari as he celebrates his 76th birthday.

NANS’ National Public Relations Officer, Mr Bestman Okereafor spoke through a message sent to the News Agency of Nigeria (NAN) in Enugu on Sunday.

Okereafor said that Buhari, who is also the Chairman of Economic Community of West Africa States (ECOWAS), had displayed great commitment in repositioning Africa for growth and economic sustainability.

“The national secretariat of NANS joins the World, ECOWAS and Progressive minded Nigerians in wishing our beloved President and ECOWAS Chairman, Muhammadu Buhari, a happy 76th birthday.

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“Mr President, no doubt, has consistently displayed an unrivaled commitment to a better Africa and Nigeria.

“Nigerian students both home and in Diaspora are sincerely praying that God upholds, strengthen and preserve you, Mr President.

“We also pray that God help you lead this country in the right direction of progress, peace and prosperity for all,’’ he said.

Okereafor, however, said that NANS was also calling on Buhari to consider a cabinet reshuffle.

“There is a need to bring on board young, fresh and capable hands into your cabinet to man critical and growing areas especially in some sectors of the nation’s economy,’’ he added

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2019 elections: PDP plotting to operate ‘container economy’ – Tinubu 

The National Leader of the All Progressives Congress, APC, has said that the Peoples Democratic Party, PDP, was plotting to operate “container economy” if voted into power in 2019.

Tinubu made the allegation while reacting to the Vice Presidential debate.

Speaking at the Oyo State Governor, Abiola Ajimobi’s Roundtable entitled: ‘The Imperatives of Building Institutions for Lasting Legacies,’ held at Ibadan, yesterday, Tinubu said the outcome of the debate has shown that the ‘developmental economy’ of APC cannot be compared with the ‘container economy’ of PDP.

The former Governor of Lagos State argued that the developmental economy would take Nigeria to a secured next level of economic prosperity.

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He, however, stated that the container economy would return the country to perpetual slavery and poverty.

The former governor also assured that he would support the APC governorship candidate for the 2019 poll in the state, Chief Adebayo Adelabu.

He said: “I saw the debate yesterday, to crown my remarks. You could see the difference between a developmental economy and a container economy.

“Is Oyo State going APC? Oyo State is APC. It is progressive politics. I said in one place before, our Moses has crossed the Red Sea, no going back to Egypt. Success all the way.”

He stated that he did not feel bad if opposition parties in the State associated him with the process that threw Adelabu up as governorship candidate.

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“If we do indirect primary again, I will still vote for your (Governor Ajimobi) choice of successor, because reforms, re-engineering, reinvigoration of the institutions can only continue beyond us. If the foundation is bad, the house will crumble,” he said.

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Social media users react to the Yaba Market March

Yesterday, Nigerian women, and some men, took to Yaba Market to carry out a protest and social media users are reacting to it.

It was a peaceful demonstration with women asking that traders stop touching them inappropriately at the market.

But the traders jeered at the women, called them names, and tried to shut them up.

See social media reactions to the market march below.

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