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<\/p>\n","protected":false},"excerpt":{"rendered":"Investments in physical infrastructure and state by state economic competitiveness must go hand in hand with investment in people – Human Capital Resources<\/b><\/i><\/p>\n
The present economic templates being used by the Muhammadu Buhari government do not have the ability to address the unique needs of Nigerians at present, American business magnate, Bill Gates, has said.<\/p>\n
The philanthropist and founder of Microsoft corporation however said Nigeria has the ability to approach \u2018upper middle-income status\u2019 like Brazil, China and Mexico, but added that achieving this status depends on \u201dthe choice Nigerian leaders make\u201d.<\/p>\n
Mr. Gates, at the special and expanded National Economic Council, held in Abuja on Thursday tasked Nigerian leaders to sincerely invest in not just infrastructural development but also human investment.<\/p>\n
The theme of the meeting was \u201cRole of human capital investment in supporting pro-poor and economic growth agenda\u201d.<\/p>\n
The investor said though Nigeria is rapidly approaching upper- middle income status, the country has \u201dunmatched economic potential and what becomes of that potential depends on the choice Nigerian leaders makes\u201d.<\/p>\n
He said the Nigerian government\u2019s Economic Recovery and Growth Plan (ERGP) identifies \u201cinvesting in our people\u201d as one of three \u201cstrategic objectives\u201d.<\/p>\n
But the \u201cexecution priorities\u201d do not fully reflect people\u2019s needs, \u201dprioritising physical capital over human capital\u201d, he said.<\/p>\n
\u201cTo anchor the economy over the long term, investments in infrastructure and competitiveness must go hand in hand with investment in people. People without roads ports and factories can\u2019t flourish. And roads, ports and factories without skilled workers to build and manage them can\u2019t sustain an economy,\u201d he said.<\/p>\n
Mr. Gates said the most important choice Nigerian leaders can make is \u201dto maximise the country\u2019s greatest resource, which is the people\u201d.<\/p>\n
He said Nigeria will thrive when every Nigerian is able to thrive.<\/p>\n
\u201cIf 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\u2019t, however, then it is very important to recognise that there will be a sharp limit on how much the country can grow,\u201d he said.<\/p>\n
Buhari\u2019s economic blueprint does not address Nigerians\u2019 needs\u2014 Bill Gates<\/p>\n
The present economic templates being used by the Muhammadu Buhari government do not have the ability to address the unique needs of Nigerians at present, American business magnate, Bill Gates, has said.<\/p>\n
The philanthropist and founder of Microsoft corporation however said Nigeria has the ability to approach \u2018upper middle-income status\u2019 like Brazil, China and Mexico, but added that achieving this status depends on \u201dthe choice Nigerian leaders make\u201d.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Investments in physical infrastructure and state by state economic competitiveness must go hand in hand with investment in people – Human Capital Resources The present economic templates being used by the Muhammadu Buhari government do not have the ability to address the unique needs of Nigerians at present, American business magnate, Bill Gates, has said. […]<\/p>\n","protected":false},"author":2,"featured_media":9267,"comment_status":"open","ping_status":"closed","template":"","tags":[],"news-category":[323,322],"yoast_head":"\n