World Bank Suggests Right Investments, Public Spending As Means Of Tackling Poverty

Shubham Chaudhuri, the Country Director of World Bank has advocated for suitable investments to reduce poverty in the country.

Shubham made the call at the ongoing capacity building for selected journalists on Demographic Dividend (DD) by National Population Commission (NPC), sponsored by World Bank in Lagos.

The UN Population Fund (UNFPA)defines Demographic Dividend as the economic growth potential that can result from shifts in a population’s age structure, mainly when the share of the working-age population is larger than the non-working-age share of the population.

According to the country director, investments like the Premium Motor Spirit (PMS) subsidy must be reconsidered and channelled to education.

He described Nigeria as a country with great potential, adding that the government should prioritise human capital projects, saying the World Bank had supported the country in keeping with its mandate as developing cooperators invested so much in polio eradication.