How sound education can better Nigeria’s economy, employment
29 May 2022 |
3:32 am
Ovie Brume Foundation and other critical stakeholders have canvassed increased investment in education to boost economic development, employment, productivity and individual income, noting that such move would reduce poverty in Nigeria.
Ovie Brume Foundation and other critical stakeholders have canvassed increased investment in education to boost economic development, employment, productivity and individual income, noting that such move would reduce poverty in Nigeria.
They made the call yesterday, at an event organised by the foundation to mark the 2022 Children’s Day celebration, where 34 public primary and secondary schools participated in Lagos.
The foundation’s Director of Programmes, Nnanna Kalu, observed the huge gap to fill by the majority poor, due to their lack of access to qualitative education.
He regretted that public schools that cater for the vulnerable in the society had been perennially neglected by successive administrations.
Kalu emphasised the need to reverse the trend and give the less privileged a sense of belonging through provision of basic care to the disadvantaged class.
He said: “We felt as a foundation that it is necessary to target students in the public schools because they are the most in need of support.”
People need to be involved to assist these schools build up their capacities so they can increase the level of intakes to reduce the level of illiteracy in the country.
Keynote speaker and Managing Partner, Probitas Partners, Wale Irokosu, in his address titled, “Investing in our future means investing in our children,” said Nigeria is where it is because of poor investment in the education sector.
He lamented that the nation’s funding for education remains less than 10 per cent of the yearly budget, far from the 15 to 20 per cent recommended by the United Nations Educational, Scientific and Cultural Organisation (UNESCO).
According to him, statistics show that on the average, every academic year boosts a person’s income by 10 per cent and increases a country’s GDP by 18 per cent.
Stating that education is indispensable to economic development, the keynote speaker added that the linkage between education, knowledge and innovation in most poor countries was essential in enhancing employment, income and reducing poverty.
He, however, pointed out that with many children kept out of school, Nigeria couldn’t adequately compete in knowledge-based economy globally.
Also speaking, former Permanent Secretary, Education District 3, Ikoyi, Lagos, Dr. Yinka Ayandele, sought more collaboration and support for children to enable them maximise their potential for self- development and betterment of the entire country.
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