President Buhari asked the World Bank to concentrate its activities in the northern region of Nigeria according to the bank’s president, Jim Yong Kim.
Kim made the disclosure on Thursday at a press conference in Washington DC, United States.
“You know, in my very first meeting with President Buhari he said specifically that he would like us to shift our focus to the northern region of Nigeria and we’ve done that. Now, it has been very difficult. The work there has been very difficult”, Kim said.
Mr Kim also added, “Focusing on the northern part of Nigeria, we hope that as commodity prices stabilize and oil prices come back up, the economy will grow a bit more.
Mr Kim lamented on Nigeria’s expenditure on Health care and also advised Buhari on the need to make investment that will promote economic growth. “The percentage of the Gross Domestic Product that Nigeria spends on healthcare is less than one percent.”
“Despite that, there is so much turbulence in the northern part of the country, and there is the hit that was taken from the drop in the oil prices. Nigeria has to think ahead and invest in its people. 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”, he said.