Without investments in health, education $1 trillion economy target unrealistic, World Bank lectures Nigeria

18.2.2026
The World Bank has urged the Nigerian Government to prioritise investments in human capital, specifically on health, education and social protection as the critical drivers for achieving its $1 trillion economy by 2030.
The Country Director of the World Bank Nigeria, Mr Mathew Verghis, made said at the National Traditional and Religious Leaders’ Summit on Health on Tuesday in Abuja that sustained investments in health, nutrition and human capital would determine the country’s long-term economic growth.
According to Verghis, Nigeria has recorded notable progress in expanding access to health services through a sector-wide approach under the leadership of the Coordinating Ministry of Health and Social Welfare.
He noted the recent signing of a national health compact, which brought together government stakeholders, traditional rulers and faith leaders in a shared commitment to improving health outcomes nationwide.
“The World Bank’s analysis suggests that the greatest remaining opportunity for accelerated growth lies in coordinated investments in early childhood, beginning from pregnancy and continuing through the early years,” he said.
He explained that health, nutrition, water and sanitation, caregiving and early learning collectively shape lifelong outcomes and productivity.
“These foundational investments determine whether children survive, thrive and eventually contribute meaningfully to economic growth,” he added.
He emphasised that religious and traditional leaders play critical role in influencing household behaviours and social norms that affect child development outcomes.
Their influence, he noted, extends to caregiving practices, maternal nutrition, women’s decision-making, early childhood stimulation and community uptake of health services.
“Faith institutions and traditional authorities are essential in translating national commitments into real change at household and community levels,” he said.
He added that without behavioural and cultural alignment, investments in services may not fully translate into measurable development outcomes.
The representative reaffirmed the World Bank’s commitment to supporting Nigeria’s health and human capital development agenda in collaboration with the government and development partners.
“The World Bank stands ready to continue working with the government and people of Nigeria to improve outcomes for all citizens,” he said. GIK/APA