World Bank urges government to invest in Nigerians

The World Bank Group yesterday advised Nigeria to reduce its dependence on crude oil revenues and develop capacity of its citizens.

World Bank President Jim Yong Kim, who spoke at the opening of the 2017 World Bank Group-International Monetary Fund (IMF) Annual Meetings in Washington D.C, said Nigeria needed to invest in its people and develop their capabilities to create wealth.

He said to help Nigeria address its challenges, the World Bank was working to maximize finance for development. The global lender is pursuing private sector solutions to help achieve development goals and reserve scarce public finance for where it is most needed, particularly investments in human capital.