Jim Yong Kim, World Bank President, has said the organisation was wrong to have advised Nigeria, and Africa as a whole, to focus on investing in hard infrastructure than in human capital.
Speaking at the International Monetary Fund (IMF) and World Bank Group (WBG) Annual Meetings in Bali, Indonesia, Kim said its approach of pumping funds into road and infrastructure as opposed to putting money in health and education was the fault of the global money lender. He, however, noted that African leaders were unwilling to invest in their people, if there was no grant.
Kim’s address came on the heels of the WBG’s announcement that Nigeria was ranked 152 of 157 countries in its Human Capital Index.
http://saharareporters.com/2018/10/12/world-bank-says-it-gave-nigeria-wrong-advice-economic-growth