Zainab Ahmed: Nigeria’s low human capital development ranking depressing


Zainab Ahmed: Nigeria’s low human capital development ranking depressing
 
Zainab Ahmed, the minister of finance, says Nigeria’s spot on the Human Capital Development ranking released by the World Bank is depressing.
 
The newly-appointed minister expressed her views while journalists on Sunday at a press conference to mark the end of the 2018 annual meetings of the International Monetary Fund (IMF) and World Bank Group.

The World Bank had ranked Nigeria 152 out of 157 on its Human Capital Index launched at the week-long meeting.

“On the presentation of ‘Human Capital Development Index’ by the World Bank where Nigeria was ranked low – 44% on stunting and some other lows recorded against us. While these results are disheartening and depressing, we are nevertheless discouraged rather we see this as a wake-up call,” she told journalists in Bali.

“We admit that this pervasive action was due to long years of under-investment in human capital, which we have before now realised and for which we have been addressing.

“Apart from major policy actions, some decisive actions are being taken to address the situation.”
According to Ahmed, the federal government plans to raise $2.8 billion from debt instruments before the end of 2018.

This, she said, will be used to fund the deficit in the 2018 budget.


TheCable