Nigeria Ranked 152 out of 157 in World Bank’s First Ever Human Capital Index
Nigeria has been ranked 152 out of 157 countries in the first-ever Human Capital Index released by the World Bank Group.
Unveiling the report on Thursday at the ongoing annual meetings of the World Bank Group and International Monetary Fund (IMF) in Bali, Jim Yong Kim, World Bank president, said educational outcomes from Nigeria are too poor.
“Nigeria, unfortunately, ranks 152 out of 157 countries in the human capital index . We provide quite a bit of support for Nigeria in terms of the health budget. But we feel that the overall spending on health is far too low, 0.76% of GDP. And also the educational outcomes in Nigeria are very poor,” he said.
“Many African countries are in the red zone. I think that the World Bank has to take some responsibility for having emphasized hard infrastructure, roads, rails, energy, for a long time.
“And you know, that changed about 20 years ago. But there has still been the bias that says ‘You know, we’ll invest in hard infrastructure and then when we grow rich, we’ll have enough money to invest in health and education’.
“We’re now saying that that’s really the wrong approach, that you’ve got to start investing in your people right now.”
The World Bank boss urged African leaders to take responsibility for investing more in health and education.
“What’s happened is in many African countries if they don’t receive grant-based financing they simply don’t spend on health and education,” he said.
Below is the brief on Nigeria ?
• Human Capital Index – A child born in Nigeria today will be 34 percent as productive when she grows up as she could be if she enjoyed complete education and full health.
• Probability of Survival to Age 5 – 90 out of 100 children born in Nigeria survive to age 5.
• Expected Years of School – In Nigeria ,a child who starts school at age 4 can expect to complete 8.2years of school by her 18th birthday.
• Harmonized Test Scores – Students in Nigeria score 325 on a scale where 625 represents advanced attainment and 300 represents minimum attainment.
• Learning-adjusted Years of School – Factoring in what children actually learn, expected years of school is only 4.2 years.
• Adult Survival Rate – Across Nigeria, 65 percent of15-year olds will survive until age 60.This statisticis a proxyvfor the range of fatal andvnon-fatal health outcomes that a child born today would experience as an adult under current conditions.
• Healthy Growth (Not Stunted Rate) – 56 out of 100 children are not stunted. 44 out of 100 children are stunted, and so at risk of cognitive and physical limitations that can last a lifetime.