The International Monetary Fund has estimated additional spending of 18 percentage points of Gross Domestic Product by 2030 for Nigeria to achieve Sustainable Development Goals.
It stated this in its report on, “Technical assistance report––additional spending toward Sustainable Development Goals,” for May 2020, which was released on Monday.
“Concomitant with the reform priorities identified by the United Nations, World Bank, European Union, and other international development institutions, the mission estimates additional spending of 18 percentage points of Gross Domestic Product by 2030—a level higher than the average low-income and developing countries.
“Healthy life expectancy is 49 years, placing Nigeria among the bottom six countries in the world. Some 54 per cent of the population is connected to an electricity grid that collapses about once a month. “Overall, Nigeria’s indicators of human and physical capital are worse than countries with lower GDP per capita.”
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