Your present Economic Blueprint Can’t solve Nigerian’s Problems, Bill Gates Tells Buhari
Philanthropist and Co-Founder of Microsoft, Bill Gates, has berated the economic policies of the present government.
L-R: Dangote, Bill Gates and Buhari
According to the second world richest man, 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. He said this at the state house Abuja when he visited the president as a guest speaker for the National Economic Council Meeting.
He, however, said Nigeria has the ability to approach ‘upper middle-income status’ like Brazil, China and Mexico, but added that achieving this status depends on” the choice Nigerian leaders make”.
The theme of the meeting was “Role of human capital investment in supporting pro-poor and economic growth agenda”.
The investor said though Nigeria is rapidly approaching upper-middle-income status, the country has “unmatched economic potential and what becomes of that potential depends on the choice Nigerian leaders’ makes”.
Bill gates also faulted the Nigerian government’s Economic Recovery and Growth Plan (ERGP) as he pointed out some deficiencies with the framework.
According to him ‘’prioritizing physical capital over human capital”, do not fully reflect people’s needs,
“To 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’t flourish. And roads, ports and factories without skilled workers to build and manage them can’t sustain an economy,” he said.
President Muhammadu Buhari on assumption of office had unveiled a four-year ERGP (2017-2020) to help propel the country towards the path of development and growth.
ERGP is an economic plan that builds on the 2016 Strategic Implementation Plan (SIP), a short-term plan aimed at tackling corruption, improving security and rebuilding the nation’s economy.
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