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HUMAN CAPITAL: Bill Gates urges world leaders to address gaping global inequality

HUMAN CAPITAL: Bill Gates urges world leaders to address gaping global inequality
Written by Maritime First

…As Rouhani says U.S. sanctions against Iran ‘harshest in history’***

American billionaire philanthropist Bill Gates has urged world leaders to deal with all forms of inequality in the world so that people can live productive lives.

Gates said that people were experiencing hardship and were unable to lead healthy, productive lives due to inequality, just as the Iranian President, Hassan Rouhani  describes the sanctions imposed on his country by the U.S. as the “harshest in history”.

Gates gave the advice on Wednesday at the 2019 Goalkeepers meeting in New York, a meeting that brought together, government, philanthropic and civil society leaders to discuss how to achieve the United Nation’s 17 Sustainable Development Goals (SDGs).

The SDGs focuses on ending poverty, fighting climate change, Illicit Financial Flows, hunger, improving health and education, sustaining economic growth and reducing inequality within countries by 2030.

According to Gates, who is the co-Founder, Bill and Melinda Gates Foundation, the latest report of the foundation which spotlights inequality shows that the widening inequality gap of inequality especially in developing countries threatens progress in achieving the SDGs by 2030.

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He said the report showed that the level of inequality in the quality of education and healthcare that people receive even within the same country differs.

“When you look at the report, the first thing you will see is that health and education are improving everywhere in the world.

“Think of the most challenged country you can imagine. The people there are healthier and better educated than they used to be.

“The second thing you will see however is that in many countries, even though life is better, it is still bad. More children die every single day in Chad than they do in Finland in an entire year.

“In Nigeria, data from each local government area shows that an average person in Ado-Ekiti, Ekiti state has more than 12 years in education whereas the average person in Garki, Jigawa state has five.

“This is inequality. This shows that where you are born is more predictive of your future than any other factor.

“Therefore investments in human capital today helps people increase their incomes tomorrow. But without human capital, for those who are unhealthy and uneducated, it is virtually impossible to escape poverty,” he said.

To this end, Gates called on world leaders to invest more in human capital as a way to reduce poverty, create opportunities, and generate prosperity.

The 2019 report on inequality, Nigeria’s under-5 Child Mortality Rate, reduced from 109 per 1,000 births in 2017 to 104 per 1,000 live births in 2018.

Also, Child stunting reduced from 38.14 per cent in 2017 to 36.74 per cent in 2018.

In addition, malaria death reduced from about 166 per 1,000 population in 2017 to 160.72 per 1,000 population and cases of tuberculosis reduced from 351.8 per 100,000 population to 344.2 in 2018.

Similarly, cases of Neglected Tropical Diseases went down from 52,566 per 100,000 population in 2017 to 50,584 in 2018.

It, however, indicated that the number of people living in poverty in Nigeria increased from 66.83 million in 2017 to 67.48 million in 2018.

On vaccinations in Nigeria, the report showed that Measles-Containing-Vaccine second dose (MCV2) was low at 39.27 percent; Diphtheria-tetanus-pertussis (DTP3) immunisation coverage was 36.39 per cent.

The report also showed that the vaccine coverage for Pneumoccocal conjugate vaccines (PCV3) was at 35.67 per cent.

Meanwhile, the Iranian President, Hassan Rouhani  has described the sanctions imposed on his country by the U.S. as the “harshest in history”.

Rouhani gave the description on Wednesday in New York in his address to the United Nations General Assembly.

Rouhani says Washington has “made a lot of efforts” to “deprive Iran from the advantages of participating in the global economy,” calling it “international piracy” and “the silent killing of a great nation.”

The Iranian president also described Iran as “pioneers of freedom-seeking movements in the region”.



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Maritime First