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Bill Gates Urges FG To Prioritize Healthcare Spending To Revamp Economy

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American billionaire and philanthropist, Bill Gates, stated on Wednesday that Nigeria’s economy has stagnated, noting that: “Nigeria’s revenue-to-GDP ratio was better 15 years ago than now.”

Gates advised the Federal Government to prioritize healthcare spending to revitalize the economy.

At the National Executive Council meeting in Abuja, Gates emphasized: “investing in Nigeria’s most valuable asset, its people,” while addressing economic challenges.

He acknowledged Nigeria’s financial constraints but stressed: “the health of the populace must be prioritised.”

Gates said, “Nigeria’s economy has stagnated. Earlier this year, your debt exceeded 50 per cent of your GDP for the first time since 2001. And while your revenue-to-GDP ratio has grown, it’s still lower than what it was 15 years ago. The result is that Nigeria spends less per-capita on its people than other African countries with a fraction of your wealth.

“I understand this is a politically sensitive area. Nigerians are struggling. Incomes have fallen. Prices have soared. And like in many other countries, people are protesting.

“Taxes are never popular. That’s true in America too. But they’re part of a social compact. People are more likely to pay them when they see the government spending that money to give Nigerians a better life.”

He stressed the need for the government to invest in human capital, beginning with increased healthcare spending.

He said, “After all, priorities without funding are only words. And I know that right now, it’s impossible to give every priority the funding it needs. That’s why it’s more important than ever to focus on the areas you know will make the greatest difference.

“I’ll start with health, because without health, there can be no opportunity.

“Primary care is the first—and sometimes, the only—point of contact most patients have with the health system. Yet Nigeria spends just 3,000 naira on primary health care per person, per year. 70% of your spending goes to secondary and tertiary care, compared to just 30% for primary care. That ratio should be reversed.

“Last year, the Federal Government launched an ambitious HPV vaccination campaign. In one month, Nigeria immunised more girls than 40 other Gavi countries combined did the entire previous year. In total, Nigeria reached more than 12 million girls with this life-saving vaccine.

“That’s genuinely incredible. And I hope you carry the lessons from that campaign to future efforts.”

He said that he had been visiting Nigeria for over two decades, noting that over the years, the Bill & Melinda Gates Foundation had invested over $2.8bn in Nigeria, the largest such investment in Africa.

Gates stated, “ I have been coming to Nigeria for over two decades now. In that time, I have seen performances by Afrobeats legends. I have formed friendships with leaders across sectors. And I’ve met with innovators who are changing the world.

“I am also proud to support their work. To date, our foundation has invested over $2.8bn in Nigeria. It’s our largest commitment in all of Africa.”

He stated that while President Bola Tinubu’s Renewed Hope Agenda was ambitious, it faces resource constraints.

Bill Gates said despite common knowledge that that nutrition is crucial for public health and that agriculture plays a vital role in ensuring proper nutrition, “Nigeria has the second-highest rate of food insecurity on earth.”

“You’ve seen how the problem has grown worse as climate change has accelerated. Arable land has disappeared. Pests have wiped out harvests. And prices for staple foods have soared.

“But there are some ways to address this crisis I hope you’ll consider.

“First, Nigeria needs more funding for extension workers, to advise and support farmers; fertilizers, to make sure the soil is healthy enough to grow more crops; and infrastructure, so that farmers have roads to bring their goods to market.

“One key solution is to embrace the new generation of innovative crop varieties that have shorter growing periods, higher yields, and greater resistance to pests,” the American said.

BIG STORY

Naijahottestgist Unveils Man Of The Year, Company Of The Year, Young Person Of The Year, And Public Servant Of The Year!

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In a year filled with trials and triumphs, these individuals and organizations have risen above challenges to embody resilience, innovation, and exceptional leadership. From the unbreakable spirit of the Man of the Year to the groundbreaking strides of Dangote Refinery, the transformative efforts of Stella Okotete, and the impactful reforms led by Olubunmi Tunji-Ojo, these stories inspire hope and progress for a brighter Nigeria.

1. Meet the Man of the Year

The Man of the Year is no ordinary person. He’s a Nigerian who has lived through the realities of 2024—one of the toughest years yet.

He is the man who has endured the hardship of a nation in flux. From waking up each day to face the high cost of fuel to navigating skyrocketing food prices, he’s felt the weight of every naira spent. Insecurity loomed over his daily life, yet he carried on with courage, protecting what mattered most.

Through it all, this man refused to break. His resilience, grit, and determination to keep moving forward in the face of overwhelming odds set him apart. He is not celebrated for wealth or fame but for his strength, perseverance, and the hope he carries in his heart for a better tomorrow.

The Man of the Year is a symbol of every Nigerian who has faced the same struggles, stood firm, and chosen to believe in a brighter future. His story is your story—one of survival, strength, and the unbreakable spirit of Naija.

Here’s to the Man of the Year. He is proof that no matter how hard the times, resilience will always shine through.

2. Young Person of the Year: Stella Erhuwuoghene Okotete

Stella Okotete, Executive Director of the Nigerian Export-Import Bank (NEXIM), stands out as a trailblazer promoting youth and women’s participation in business, governance, and politics. A visionary leader, she spearheads innovative initiatives at NEXIM, including the Women and Youth Export Development Facility, which provides low-interest loans, and the Nigerian Export-Import Bank Academy (NEXA), a certified digital platform for export-import education.

With degrees from Benson Idahosa University and NOUN, alongside certifications from global institutions such as Harvard, Oxford, and Columbia Business School, Okotete has held significant political roles, including secretary of the APC Election Planning and Monitoring Committee in 2023. Her contributions to public service include serving as Special Assistant on MDGs for Delta State, where she aligned policies with sustainable development goals and implemented impactful programs in education, healthcare, and poverty alleviation.

As co-founder of the E’Girls Foundation, she has championed girl-child rights and human capacity development since 2000. Her work has also led to groundbreaking efforts like outlawing female circumcision in Ughelli North and driving school enrollment through the “War Against Loitering and Hawking During School Hours” initiative.

Committed to empowering women in governance, she developed a strategy to train 20 million women for public office and conceptualized the Progressive Women Trust Fund, fostering financial support for female leaders. Okotete’s relentless dedication to service, innovation, and empowerment makes her a standout leader transforming Nigeria’s socio-economic landscape.

3. Nigerian company of the year

Dangote Refinery

The Dangote Refinery is a game-changer for Nigeria’s oil industry. Located in the Lekki Free Trade Zone, Lagos, it’s the largest single-train refinery in the world, with a capacity to process 650,000 barrels of crude oil per day.

This massive project, worth over $19 billion, is expected to meet 100% of Nigeria’s oil needs and even have a surplus for export. The refinery will produce various petroleum products, including diesel, kerosene, and gasoline.

Some impressive features of the Dangote Refinery include:

– *Pipeline Infrastructure*: The largest sub-sea pipeline infrastructure in the world, spanning 1,100 kilometers.

– *Power Generation*: A 435MW Power Plant that can meet the total power requirement of Ibadan DisCo.

– *Job Creation*: The refinery is expected to provide 135,000 permanent jobs in the region.

The refinery began production in January 2024, starting with diesel fuel and aviation fuel. With its advanced technology and massive capacity, the Dangote Refinery is set to revolutionize Nigeria’s oil industry and boost the country’s economy.

4. Nigerian public servant of the year

Olubunmi Tunji-Ojo, the Minister of Interior in Nigeria, has indeed been associated with efforts to bring about positive change and reform in the country.

Some of the key areas where Tunji-Ojo has been instrumental in driving reform include:

1. *Prison Reform*: Tunji-Ojo has been advocating for prison reform, aiming to improve the living conditions and rehabilitation programs for inmates.

2. *Immigration Reform*: He has been working to modernize Nigeria’s immigration system, making it more efficient and effective in managing the country’s borders.

3. *Disaster Management*: Tunji-Ojo has been instrumental in strengthening Nigeria’s disaster management capabilities, ensuring that the country is better prepared to respond to natural disasters and emergencies.

4. *Internal Security*: He has been working to enhance internal security in Nigeria, focusing on community policing and intelligence-driven law enforcement.

These efforts demonstrate Tunji-Ojo’s commitment to driving positive change and reform in Nigeria, particularly in the areas of justice, security, and humanitarian response.

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BIG STORY

Inside Delta: Police Arrest Man For Allegedly Stabbing Neighbour To Death Over Rice

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The Delta State Police Command confirmed the arrest of 30-year-old Daniel Onyejekwe for allegedly stabbing his neighbor, Christian, to death over a dispute about rice.

The incident occurred on New Year’s Day in the Ogwanja area of Sapele, Delta State.

The Police Public Relations Officer, Delta State Command, SP Bright Edafe, confirmed the development on Thursday, saying, “It is confirmed, and the suspect is in custody.

The two were fighting and injured themselves badly. Unfortunately, one, Christian, died.”

An eyewitness reported that the altercation started when rice was being shared along Boyo Road in Ogwanja.

An argument ensued between Onyejekwe and the deceased, leading to a physical fight.

The eyewitness stated, “Christian and Daniel started dragging the rice, and during the fight, Daniel picked a bottle and stabbed Christian multiple times. The vigilante rushed him to the hospital, but he was confirmed dead on arrival.”

The remains of the deceased have been deposited at a mortuary, while the police have launched an investigation. SP Edafe assured residents that the suspect would be prosecuted after the investigation was concluded.

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BIG STORY

Inside Imo: Catholic Priest Allegedly Shoots Boy Dead Over Knockouts During New Year Mass

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A Catholic Reverend Father has allegedly shot a boy dead after the latter set off knockouts within the church premises.

The incident, which happened during the New Year Mass held on January 1, 2025, in Amaimo, Ikeduru Local Government Area of Imo State, has attracted reactions from social media users.

However, the name and parish of the priest and the name of the deceased couldn’t be verified.

In a Facebook post shared via the handle, ‘For The Love Of Anambra,’ on Wednesday, it quoted eyewitness accounts, reporting that after the deceased set off the knockouts, “the priest, whose identity remains undisclosed, picked up a firearm and fatally shot him.”

“The incident has left the community in shock and mourning, with residents expressing outrage and demanding a thorough investigation to uncover the facts behind the unfortunate event.”

When contacted (by The Punch’s correspondent) on Thursday, the spokesperson for the Imo State Police Command, Henry Okoye, stated that the command is already aware of the incident.

Okoye added that an investigation has been launched into the incident.

“We have launched a detailed investigation to ascertain the remote facts surrounding the incident.

“Further development on the case will be communicated in due course, please,” the police spokesperson stated in a message.

Reacting to the incident, a Facebook user, Malachy Chukwunyereugo, wrote, “He will spend the rest of his life in prison.”

Another Facebook user, Lyn Chy, lamented, “The fact that a Reverend father owns a gun it’s somehow [sic].”

Another user, Peace Ijeoma, wrote, “It’s disheartening to see how religious bigots are defending the priest. May we try to be lovers of God and not lovers of the men of God this 2025. Rip to the boy.”

On X, a tweep identified as Bloc Chief, with the username #blochief, shared his amusement.

He tweeted, “I thought this happens in the USA? How can this happen in Imo? Mehn.”

Another tweep, identified as Rise above hat, but tweeting as #asababoi2man, wrote, “Maybe he has [been] abducted before by gunmen… so he felt the men are back.. only God knows what he was thinking.”

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