• Nigeria’s debt exceeds 50% of GDP amid economic stagnation
• Foundation invests $2.8b in 20 years
The co-chair of the Bill and Melinda Gates Foundation, Bill Gates, has called on the Federal Government to do more for the people, arguing that the country spends less per capita on its people than other African countries with a fraction of its wealth.
According to him, Nigerians are struggling, incomes have fallen, prices have soared, and like in many other countries, people are protesting.
Acknowledging the challenges of the country, he noted that with limited resources, the key is putting the available funds to the best possible use.
He also noted that the Gates Foundation has invested over $2.8 billion in Nigeria in the past 20 years, which is the foundation’s largest commitment in all of Africa.
Gates, who stated this while addressing the National Economic Council presided over by Vice President Kashim Shettima at…
Source: Guardian Newspaper
