Buhari Must Tackle Corruption If He Wants To Succeed – World Bank
The World Bank has urged Nigeria’s president – elect, Mahammadu Buhari to tackle corruption in-order to make his administration a success.
Mr Francisco Ferreira, the bank’s Chief Economist for Africa made this known during a video conference to inaugurate ‘Africa Pulse’, a World Bank Group analysis on issues shaping Africa’s economic prospects in Abuja yesterday, April 13.
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According to the Nation, the World Bank chief explained that the fight against corruption would have serious consequences for the future as institutions will be stronger and norms will be cleaner if Buhari was serious with his anti- corruption war.
Ferreira also highlighted other sectors like security and health Nigeria and other African countries need to pay attention to so as to ensure steady economic growth rate.
He said: “There is the issue of insurgency, fatalities as a result of conflicts, violence from political groups like the Boko Haram in Nigeria and Al-Shabaab in Kenya.
Adding that: “The Ebola outbreak in Guinea, Liberia, and Sierra Leone has highlighted pre-existing weaknesses in the health systems of the three most affected countries, as well as others.
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Nigeria has been adjudged Africa's largest economy, overtaking South Africa which was once the continent's biggest. However, some economists point out that Nigeria's economic output is under-performing because at 170 million people, its population is three times larger than South Africa's.
Nigeria which relies heavily on oil export has in recent times been experiencing economic decline due to rising insecurity, oil theft and restiveness in the Niger Delta region.
Source: Legit.ng
