Nigeria has been tasked to invest in the development of its youth in order to propel the country towards economic growth.
This advice was given at the Expanded National Economic Council on Investment in Human Capital held at the Presidential Villa on Thursday.
The meeting which was chaired by the Vice President, Yemi Osinbajo, had in attendance, international philanthropist and Microsoft Chairman, Bill Gates; Chairman, Dangote foundation, Aliko Dangote, ministers, state governors, and development partners working in Nigeria.
Speaking at the event, the World Bank Country Director, Rachid Benmessaoud, said Nigeria has everything it takes to compete with higher economies if it invests in the education and health of its people.
Mr. Benmessaoud said Nigeria’s greatest asset is not the oil but its population.
He said for Nigeria to grow its economy, it must capitalise on its youth and build human capital to propel the country out of poverty.
“Human capital development must be stemmed up. Stemming up the youth human capital can propel the country to compete with higher economies. There is a need to invest more in education and health, he said
Mr. Benmessaoud said Nigeria has the fifth largest population, which is projected to soon be the third in the world.
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