Lending Institutions, Health Care, and Human Capital

These scenarios are in complete contrast with some of the countries of poor health care system. One of these countries is Nigeria which has been suffering from a stagnant health care system. Its people either have limited access to health care or none at all. Many blame this problem to the prevalence of fake drugs, AIDS epidemic and the unhealthy lifestyles of the people while others point at the lack of health policy as the culprit.

Nigeria has become the fastest growing country in Africa, its coastal ports are the heart and soul of its economy. Since its creation by the British Empire, there has been a civil breakdown and conflict among its tribal leaders. However, their religious understanding between Islam and Christianity has kept them at peace amidst themselves throughout time. The last few years, the government has developed itself into a functioning federation, the people are able to notice how outside influence has improved their daily lives.

In today’s society a lot of developing countries rely on assistance from the international lending institutions to help with funding. Africa receives about 22 percent of assistance from the World Bank. The World Bank is the main source of lending to this underdeveloped country.

without education, “ (Qumri, 2012). The reason for this is that many of the children have

Nigeria is an Agricultural and oil rich nation but characterised by Political instability, corruption, poor

Why do some kids not have the ability to go to a free public school? Why do some children not go to school at all? There are multiple reasons, but one of the reasons that causes this issue is poverty. Poverty is not just a problem in America, it’s a problem all over the globe. “In Asia, some 74 million of the world’s total 132 million children . . . are not enrolled in primary education” (Bawane and Julius, 2011). In Bawane and Julius’s studies, they also found that there were a little over 72 million kids not currently enrolled in school in 2007. Poverty is an increasing issue all across the planet which is harmful to the minds of young children and can hurt their education. Bawane and Julius stated that poverty is not simply the absence of financial resources, it is also lack of capability to function effectively in society.

As noted, innumerable circumstances make some of the Nigerians lower socioeconomic class live in poverty. They live in a less desirable environment, which is a like breeding ground for diseases and it makes them more susceptible to illness, and when they are sick, they cannot afford to pay for the high medical costs. Multiple researches have confirmed that high cost of medical care prevents the need to accessing healthcare even with hospitals in close proximity. This variation in financial access to healthcare is indeed, an indication for any country to provide funding, policies, health program and national health insurance system.

The struggle for better health care and healthy life in Nigeria is complicated, when given the country’s social determinants. These determinants are so convoluted that it is difficult to isolate any of one of them. For example, environmental factors such, as safe water, clean air and housing are realistic important, however, the prominence of good sanitation for better health is equally essential. Physical environment i.e. harmless water, unpolluted air, healthy environment, better housing, social communities and other infrastructures are all contributing factors to better health. Relevantly, employment and education are both important also. Reports show that people in employment are comparatively healthier than those without steady income, and particularly those who have more control over their working environments. As noted, income and social status are attributed to better health. Document reflects that the greater the gap between the rich and poor people, the more differences in their health and living condition. Holtz (2017) affirms that higher mortality and lower life expectancy is common among those in the lower grades of employment when compared to those in higher grades.

Niger is a landlocked nation in west Africa. The country itself is one of the poorest in our world, and developing extremely slow. The government of Niger is semi-presidential, in other words, Niger elects a president as well as a prime minister. Niger is extremely poor due to the lack of economic growth. According to the article “Economic Freedom”, “The financial system remains underdeveloped, weak, and fragmented, reflecting the small size of the formal economy” (Economic freedom 1). Although Niger is economically small, the population itself grows extremely fast. A population rate growing such increasingly fast requires a politically and economically

Nigeria is known for having a long, complicated and tragic history. Since achieving independence in 1960, Nigeria has struggled to stabilize its government. Nigeria’s history is studded with military coups and corruption. The rule of numerous coups, which have occurred relatively close together over a span of about twenty nine years, make it extremely difficult for a stable form of democratic government to be created. Instead of a true democracy, Nigeria suffers under a kleptocratic government. Nigeria’s corrupt form of government consistently takes from its people for their own reward. Another factor of government instability, is that Nigeria is a state comprised without regard to the nations within its borders. The people of Nigeria

During 2003-2007, Nigeria attempted to implement an Economic Empowerment Development Strategy (NEEDS). The purpose of NEEDS is to raise the country’s standard of living through a variety of reforms, including macroeconomic stability, deregulation,

These are funds that can be used to develop the countries’ infrastructure, improve health services and generally help in making the lives of many much better. Rather than this, such amounts are consumed because of the greed of the people managing them and this hinders the progress in the development of a country.

Economy of many nations is currently at distress due to current plunge of oil price the international market. This sink in crude oil price produces an economic shock especially to the poor and developing Countries that depend on crude oil revenues to balance their budgets (Iwayemi, & Fowowe, 2011; also see Effiong, 2014). Nigeria, being one of those nations, is currently experiencing economic crisis. For instance, many states in the federation presently can no longer pay their employees’ salaries or provide basic services to their citizens. They are borrowing money or requesting for bailout from the Federal government to fulfill their obligations to their people. The shocking effects of this oil price drop extended

Even though the GDP per capita is increasing every year, the effects of price inflation compounded with higher interest rates than other competing markets have put the citizens in a severe state of poverty. According to (The World Factbook: Nigeria), Over 62% of the total population is below the poverty line. This is due to increased cost of living and increased interest rates on borrowing. The growth will soon slow

What are the Current and Emerging issues and Challenges found within and outside the Nigerian healthcare system