The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, launched the 2023-2024 Human Development Report (HDI) on Tuesday, March 19.
The report was put together by the United Nations Development Programme in Nigeria.
The 2023/24 Human Development Report (HDR), titled Breaking the Gridlock: Reimagining Cooperation in a Polarized World, reveals a troubling trend.
The report revealed that the country has not done well in all areas of the Sustainable Development Goals.
It noted that the global Human Development Index (HDI), a summary measure reflecting a country’s Gross National Income (GNI) per capita, education, and life expectancy, has been partial, incomplete, and unequal.
Speaking at the launch, Edun said: “The HDR is a rallying cry that we can and must do better than this, and it charts a way forward for conversations on reimagining development cooperation for a better world. In re-imagining cooperation, international financial architecture ought to be structured to proactively support the implementation of the Sustainable Development Goals (SDGs) and the realization of human rights.
He added: “The only way to facilitate such a structure is through ambitious reforms, starting with more inclusive, representative, and, ultimately, more effective global economic governance.”
For the last 34 years, UNDP has released the Human Development Report and Index annually, ranking all countries by health, education, and living standards. In the last 3 decades, UNDP has produced more than 800 global, regional, national, and sub-national reports, and organized hundreds of workshops, conferences, and other outreach initiatives to foster human development.
Human development is about expanding the richness of human life rather than simply the richness of the economy. It focuses on people, their opportunities, and their choices.
On his part, UN Resident and Humanitarian Coordinator, Mohamed Fall said: “The HDR argues that polarization and mismanagement of cross-border interdependencies are at the root of many contemporary challenges, ranging from debt distress in numerous low- and middle-income countries to threats to food security to a pervasive sense of disempowerment around the world.
He further added, “Polarization within and amongst our countries is creating “a global gridlock,” and preventing us from forging international cooperation towards addressing our shared challenges. This polarization, whether at the sub-national, national, regional, or global levels, signifies an erosion of trust, that is dividing societies into opposing camps and poisoning domestic and international cooperation.”
The HDI is projected to reach record highs in 2023 after steep declines in 2020 and 2021. But this progress is deeply uneven. Rich countries are experiencing record-high levels of human development, while half of the world’s poorest countries remain below their pre-crisis level of progress.
While presenting her remarks, the Resident Representative for UNDP Nigeria, Ms. Elsie G Attafuah said, “Since its [HDR] inception, the Human Development Report has become a flagship knowledge product. This unique annual report has not only helped to establish a new broad definition of development but also to evaluate the progress made and highlight key challenges, drawing on statistics.
“This report encourages political leaders and development practitioners around the world to keep raising our ambitions and following up on areas that need support. Ms. Attafuah further added: “The Report calls us to change course, otherwise, the world may not recover from the decline in human progress.
“The repercussions of not changing course and removing the gridlock are in the additional lives that will be lost, in opportunities that will be forgone, and in feelings of despair.
“The report presents ways forward that hinge on reimagining cooperation in ways that do not assume away divergent interests or opinions but work with them to deliver global public goods – where we all stand to benefit.
“This report opens a new trilogy of human development reports that will explore further the layers of uncertainty identified in the latest HDR: how to address polarization (2023-24), shape our shared digital future to advance human development (2025), and marshal human aspirations to navigate the Anthropocene (2026).”
Also, present at the launch were the Minister of Budget and Economic Planning, Sen. Abubakar Bagudu, Honourable Minister of State for Labour and Employment, H.E Nkiruka Onyejeocha, Honourable Minister of Youth Development, Dr. Jamila Bio Ibrahim; and the UN Resident and Humanitarian Coordinator, Mohamed M.M Fall.
UNDP published the first Human Development Report in 1990 with an introduction of a new Human Development Index (HDI) to measure development progress. The underlying principle of the HDI, considered radical in 1990, was very simple: national development should be measured not simply by per capita income, as had long been the practice, but also by health, education and other important indicators.