Nigeria’s greatness is not as tied to her elders as it is tied to her youth. That is where our investments should be focused on.Scandinavia outspends every other part of the world in investing in education, with the Nordic nation of Denmark spending an average of 8% of its Gross Domestic Product on education. They are followed closely by Iceland, Sweden, Norway and Finland.
As proof, I cite the fact that 2014 represented the year Nigeria invested the most in education with a ₦493 billion allocation to education, representing 9.94% of the total budget. What I propose is that the Federal, States, and Local Governments should consider a policy of allocating at least 10% of the total budget appropriations to the education sector. If insanity is doing the same thing and expect different results, it follows that the sane thing to do is that when you get a result that you like, you are challenged to repeat the process, and in fact, improve upon it, so that you can get the same or perhaps improved results.
Very sadly, we have bequeathed to your generation a Nigeria that is the world headquarters for extreme poverty. The only way we can turn that around is via education. The word coincidence keeps popping up today. Obviously, it cannot be any coincidence that we are also the global capital for out of school children, with approximately 13 million Nigerian children out of the formal education system.
And it should not just be the government. I have been spending some time in Germany because of the Saudi German Hospital investment I am attracting to Nigeria. One thing I found out in Germany is that private-sector corporations and manufacturers have their schools and institutes. Vocational education is so big in Germany and Japan that a lot of the German and Japanese labour force are vocationally educated by the industrial sector, rather than by the government or their parents or themselves.
Why can’t we have this in Nigeria? We do not have enough access to education. That is why Nigerian parents spend $1 billion per annum educating their children abroad, with much of that amount going to Ghana.
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Source: GuardianNigeria - 🏆 1. / 94 Read more »