Bill Gates Commends President Buhari, Says Nigeria Now The Biggest Economy In Africa
Bill Gates, Chairman of the Bill and Melinda Gates Foundation, has praised the efforts of President Muhammadu Buhari administration through its economic recovery and growth plan.
Gates, who is the second richest man in the world, made this statement while speaking at the Expanded National Economic Council presided over by Vice President Yemi Osinbajo (SAN), on Thursday.
Gates, while praising Nigerian’s for having “big dreams and big ambitions,” noted that Nigeria is now the biggest economy in Africa and now “rapidly approaching upper middle-income status, like Brazil, China, and Mexico.”
He added that Nigeria has unmatched economic potential, and the Buhari administration has taken important steps to fill in gaps in areas of the economy like agriculture, with “both more investment and a series of smart policies to encourage private sector investment.”
“These reforms lay the foundation for a booming agricultural sector that feeds the country, helps end chronic malnutrition, and lifts tens of millions of smallholder farmers. I urge you to build on this,” he said, adding that the FG should increase its investments in health, education, and opportunities that will lay the foundation for sustained prosperity.
“The agricultural sector is a pillar of the Nigerian economy. It accounts for a large proportion of your GDP, and during the oil price collapse and recession, it helped cushion the economy. But it still has a lot of potential to grow,” Gates said.