The President of the World Bank Group, Jim Yong Kim, said on Thursday that the bank had concentrated on the northern region of Nigeria in line with President Muhammadu Buhari’s request.

Kim and the Managing Director, International Monetary Fund, Christine Lagarde, who spoke at separate press conferences in Washington DC, United States, also advised Buhari to invest in things that would enhance economic growth.


Kim said, “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.

“I think Nigeria, of course, has suffered from the dropping oil prices. I think things are just now getting better. But the conversation we need to have with Nigeria, I think, is in many ways related to the theme that I brought to the table just this past week, which is investment in human capital. The percentage of the Gross Domestic Product that Nigeria spends on healthcare is less than one percent.”

He added, “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.”

Kim also said, “Focusing on the northern part of Nigeria, we hope that as commodity prices stabilise and oil prices come back up, the economy will grow a bit more. But very, very much important is the need to focus on what the drivers of growth in the future will be.”

According to the World Bank boss, the bank will invest in human capital in other parts of Africa in order to prepare the continent for the next phase of growth.

Lagarde, in her remarks, said Sub-Saharan African countries, including Nigeria, had posted suboptimal growth in recent times.

The growth figures, she said, were far too small considering the huge demographic potential of Nigeria and other countries in the region.

As a result, she said the IMF would be engaging ministers of finance and central bank governors from the region attending the annual World Bank and IMF meetings on how they could boost and stabilise economic growth.

Lagarde said, “The Sub-Saharan Africa is one region of the world where growth is suboptimal. Those countries grow at an average growth of 2.5 per cent. That is too low for the demographic expansion of the region.”

The IMF managing director said emerging and developing economies must invest more in their economies through infrastructural spending, strengthening safety nets, allowing women more access to the labour market and carrying structural reforms.


Source: https://punchng.com/buhari-asked-us-to-focus-on-northern-nigeria-wbank/

Focusing on the north means more money in pockets of gandollar and his merrymen.

..and they're wondering why the economy is stagnant!

Too bad the south west and all their bravado didn't get an honorary mention from their beloved bubu

Kim said, “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.

The whole country needs attention, right now.

Not a good time to be Nigerian..

Too bad, what of other region?

Most aid and grants from International bodies and NGO's are going to the North

lalasticlala

Buhari knew nothing about economic growth.
Just look at his instruction to the world bank.

It’s high time we revolute and take our feature in our hands. These our leaders are tooooooooo stupid I swear.

How I wish crude oil will just be discovered in the north in large wells...:we would see the only reason they want one Nigeria is oil money.... sharpally like Nnamdi Kanu, they will want to break Nigeria...


The northerners are not supposed to be part of Nigeria..or any country, they should be a country on their own. Their MO creeps the shiit outta me

focusing on the north is a waste of resources...they are backward pple

So nothing for we south westerners that put you there.

With the insurgency wahala?

That's a very myopic viewpoint. Why not invest in things that would yield return on investment instead of pumping resources down the drain

This is very wrong. Very wrong.

Buhari needs to stop what he is doing, it doesn't make sense, his level of tribalism is nauseating

The same people will be claiming one Nigeria when the Biafrans wants to pull out.

They will all reap what they are sowing and have sown

Expel Biafrans From Nigeria Now!

What amazes sane minds is the hatred of the Igbo by the rest of Nigerians yet they are not protesting for the Igbo to leave the Union. They even had to fight the Igbo for nearly three years and killed about 3m of them to be part of Nigerian, yet they utterly hate them. The government is also not left out in this official contempt of the Igbo. There are no federal infrastructures in the Igbo region and no gas pipelines, even when the Igbo have abundant gas and crude oil, while there is a refinery in the arid Kaduna without a drop of crude.

It has been proven overtime that what unites Nigerians are their collective contempt of the Igbo man. Another thing that come close to such fake unity is when the Nigerian national team play football. Chinua Achebe, a great Igbo son and author of several books explained this fact in his ultimate book,

"There Was A Country ".

When Malaysia felt uncomfortable with Singapore they expelled them and today, Singapore is a first world country and Malaysia is still a third world country.

Nigerians please protest and pressure the government to expel the Igbo from the suffocating union. We can be good neighbours than the endless hate and stereotypes. The Igbo have shown in strongest terms their desire to have their own country. Stop the hate and expel the Igbo from Nigeria.

Watching in 3D. God is over all

Buhari is evil personified


Thunder fire all those supporting this evil administration especially in the South

uzohrome:
Buhari knew nothing about economic growth.
Just look at his instruction to the world bank.

It’s high time we revolute and take our feature in our hands. These our leaders are tooooooooo stupid I swear.

The clannish, selfish, nepotistic bigot is so dumb not to realise the southern part of the country drives its economy and that if the World Bank should be be biased in its disbursement of funds it should be in favour of the south!

This is all what being president means to him and his hanger-on....use the office and opportunity to grab as many benefits as possible to the core muslim north, while at the same time ensuring the ‘nyamurees’ are cheated and denied their own fair share!