By Racheal Ishaya
The World Bank has said it will spend 15 billion dollars from 2021 to 2023 to help Nigeria and other African countries strengthen their human capital.
The World Bank Vice President for Africa, Mr Hafez Ghanem, said this at the launch of the bank’s Africa Human Capital Plan during the World Bank-IMF Spring Meetings on Thursday.
Ghanem said that the objective of the plan was to enable Africa’s young people to grow up in optimal health, and be equipped with the right skills to compete in the digitising global economy.
He said that Sub-Saharan Africa scored the lowest of all the world’s regions on the World Bank’s Human Capital Index, which measures how well countries invest in the next generation of workers.
He said the rate explained the high mortality and stunting rates in the region, as well as inadequate student learning outcomes, with direct negative effects on economic productivity.
To tackle this, Ghanem said the World Bank will…
Source: News Agency of Nigeria
