Stakeholders seek increased investment in education, health for economic growth
A new research by the Centre for Public Policy Alternatives (CPPA) has hinged the growth of the Nigerian economy on increase investment in education and health sector.
The CPPA research on Aggregate Wealth and Income Inequality revealed that investment in health and education are factors that spur the economy stressing that it cannot grow with current investment in these critical sectors.
The Visiting Senior Fellow-in-Residence, CCPA, Prof. Melvin Ayogu during stakeholders Engagement series 2 on Public Policy Implications of Aggregate Income and Wealth Inequalities in Nigeria, yesterday, in Abuja maintained that increase budget allocation in the health and education sectors is long term investment that uplifts per capital income.
Ayogu berated government for lack of accurate population figure, saying with about 62 per cent of birth being home delivery, estimated 7million children born yearly and 71 per cent health facilities lacking birth registration, it is difficult to ascertain Nigeria’s actual population figure.
According to him, if investments in the education sector are not scaled up, the buoyancy that the country’s huge population should provide at sunrise will become a death trap at sunset, stressing that such resilience can be transmitted into advantage rather than liability.Chief Executive Officer, CPPA, Mrs. Mojisola Akpojiyovbi underscored the need for the government to base their planning and decision-making on empirical evidence that reflects the effect of past policies on current ones and how it can inform further decisions on future programmes.