Top StoryUncategorized

Bill Gates is wrong about Buhari’s economic recovery plans- El Rufai

343
Governor of Kaduna State, Mallam Nasir El Rufai jumped to the  Federal Governent’s defense Thursday afternoon as the world’s richest man, Bill Gates passed a vote of no confidence on the Buhari administration’s economic recovery plans.

The multi-billionaire businessman said,  “It does not reflects people’s needs.”

Gates, said he does not enjoy “speaking bluntly” to Nigeria when the people had been “so gracious enough “to invite him, however hinted that Statistical data show the country “still looks like a low- income country”.

On the review of ERGP as suggested by Gates, it is not correct to say that the economic recovery and growth plan does not give primacy to human capital, it is not correct, said the Kaduna governor.

“It is a federal government plan, what is needed is for states to have similar plans as well as adequate provisions for healthcare and education. Because the bulk of the burden for healthcare and education really rests on states governments.  The disease burden of the country is largely at the primary healthcare level and this primary healthcare system is broken completely, we need to rebuild it.

“It is the responsibility of the states rather than the federal government. The federal government incentifies with funding, grants and aids. But essentially, routine immunization, primary healthcare, is the responsibility of the states.

“So it is not gaps in the ERGP that we are looking at, it is appealing to states governments to provide more money in basic education, primary healthcare.

Bill Gates further said that the recommended percentage is assuming a higher level tax collection than is taking place in Nigeria. So is up to Nigeria to decide how much percentage tax they can allocate to that.

“To date nigeria has benefited from long Programmes including world bank and various other things which it is graduating from. So, if it doesn’t allocate more money, the total money for primary healthcare will actually go down because you won’t have those loans proceeds.

“So, it is political question of the quality of revenue for these things. But I would say for the best road path, more investments is necessary.

Leave a comment

Related Articles

Nigeria, Global Leaders Target $29 trn to Advance African Economy by 2050

In a significant push for economic growth, Nigeria’s Vice President Kashim Shettima...

Opeifa takes the helm at Nigeria Railway Corporation

Dr. Kayode Opeifa, a renowned transportation expert and former Lagos State Commissioner...

Just in: Ekweremadu’s wife regains freedom from UK prison

Mrs. Beatrice Ekweremadu, wife of a former Deputy Senate President, Sen. Ike...

Just in: FCT CP loses son in car accident

The Federal Capital Territory (FCT) Commissioner of Police, Tunji Disu, has reportedly...

Just in: Nigerian Telecom Users to Pay More as NCC Approves 50% Tariff Hike

The Nigerian Communications Commission (NCC) has granted telecom operators’ request to adjust...

Breaking: Trump vows to halt illegal immigration

Donald Trump was inaugurated as the 47th President of the United States...

Nigeria’s Presidency Shrugs Off Badenoch’s Comments, Says No Impact on Relations

The Nigerian Presidency has dismissed comments made by UK Conservative Party leader,...

Breaking: Trump sworn in as 47th US President

In a dramatic return to power on Monday, Donald Trump took the...

VP Shettima for World Economic Forum in Davos

Vice President Kashim Shettima has departed Abuja to represent Nigeria at the...

Nigeria’s high-speed rail revolution: Work begins on $16 bln Abuja-Lagos line in February – Idris

The Federal Government is set to launch the highly anticipated Lagos-Abuja Super...

At least, 50 people are feared killed in Niger State fuel tanker explosion

No fewer than 50 people have lost their lives in a devastating...

Ex-First Lady dies in London

Former First Lady of Delta State and one-time Miss Nigeria, Mrs Edna...

Ogun farm murder: Under-30 mother of one fatally attacked gathering vegetables, others for market

A somber mood has settled over the rural community of Ilewo Orile...

Governors’ Forum Gets Presidential Kudos for Backing Sweeping Tax Reform Bills

President Bola Tinubu has expressed his appreciation to the Nigeria Governors’ Forum...

Fake job announcement for Port Harcourt Refinery: NNPCL sets the record straight

The Nigerian National Petroleum Company Limited (NNPC Ltd) has advised the public...

Autonomy: FG to disburse allocations directly to 774 councils by January – Presidency

Beginning from January 2025, the 774 local government councils across the country...

Pres. Tinubu’s diplomatic efforts yield fruit as UAE President accepts to visit Nigeria

In a major diplomatic achievement, President Bola Tinubu has secured a significant...

Ogun Gov. Abiodun Expresses Shock, Sadness Over Death of Onanuga, Reps Deputy Chief Whip

Grief-stricken Ogun Gov. Dapo Abiodun has described the passing of the late...

Tinubu Calls for Boost in Regional Trade to Drive African Growth

President Bola Tinubu has emphasized the importance of Africa focusing on internal...

Breaking: Lagos Speaker Obasa impeached

The Speaker of the Lagos State House of Assembly, Mr. Mudashiru Obasa,...