National Economy
Tuesday, September 23, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Economy Fiscal Policy

Imperative Of Investing In Technical Education

by Cee Harmon
7 months ago
in Fiscal Policy
Reading Time: 2 mins read
Technical Education
Share on FacebookShare on TwitterShare on Telegram

You May Like

Maritime: Nigeria’s Untapped Economy

Multiple Taxation On Commercial Vehicles: A Hidden Burden On Nigerians

As Nigeria strives to take its rightful place among the comity of nations, it has become increasingly clear that the country’s economic growth and development are inextricably linked to its ability to develop a skilled and technologically proficient workforce. This is where technical education comes in – a vital component of the educational system that has been woefully neglected for far too long.
Nigeria’s current educational system places a disproportionate emphasis on theoretical knowledge, with little regard for the practical skills that are essential for driving economic growth and development. This has resulted in a situation where millions of Nigerian youths are forced to roam the streets in search of employment, despite the fact that they possess the requisite academic qualifications.
The consequences of this anomaly are far-reaching and have severe implications for the country’s economic development. Nigeria’s industries are forced to rely on foreign expertise, resulting in the repatriation of billions of dollars in foreign exchange. This not only denies the country the opportunity to develop its own human capital but also undermines its economic sovereignty.
Furthermore, the lack of investment in technical education has resulted in a shortage of skilled technicians and artisans, leading to a situation where even the most basic maintenance and repair works have to be outsourced to foreign experts. This is a clear indication that Nigeria’s educational system is failing to meet the needs of the economy.
It is against this backdrop that there is the need for the federal government to increase investment in technical education. This is not a luxury, but a necessity that cannot be ignored. By investing in technical education, Nigeria can develop a skilled and technologically proficient workforce that can drive economic growth and development.
Moreover, investing in technical education will enable Nigeria to reduce its reliance on foreign expertise, conserve foreign exchange, and promote economic sovereignty. It will also provide millions of Nigerian youths with the opportunity to acquire the practical skills that are essential for securing employment and starting their own businesses.
Nigerians are not unaware of the challenges that come with investing in technical education. However, many are convinced that the benefits far outweigh the costs. It is time for Nigeria to rethink its educational system and prioritise technical education. The future of the country depends on it.

 

Tags: Education
ShareTweetShare
Previous Post

Tackling Nigeria’s Housing Deficit: A Call To Action

Next Post

Raising ATM Charges To Scale Up: What It Means For Nigerians

ANOTHER GOOD READ

Maritime: Nigeria’s Untapped Economy
Fiscal Policy

Maritime: Nigeria’s Untapped Economy

1 week ago
Multiple Taxation On Commercial Vehicles: A Hidden Burden On Nigerians
Fiscal Policy

Multiple Taxation On Commercial Vehicles: A Hidden Burden On Nigerians

2 weeks ago
Unlocking Jobs Through Nigeria’s Glass Industry
Fiscal Policy

Unlocking Jobs Through Nigeria’s Glass Industry

3 weeks ago
Building The Nigerian Economy On Steel
Fiscal Policy

Building The Nigerian Economy On Steel

4 weeks ago
Nigeria’s Missing Billions: Why Smart Revenue Collection Is The Way Forward
Fiscal Policy

Nigeria’s Missing Billions: Why Smart Revenue Collection Is The Way Forward

1 month ago
Easing Trade Restrictions: A Pathway To Nigeria’s Economic Revival
Fiscal Policy

Easing Trade Restrictions: A Pathway To Nigeria’s Economic Revival

1 month ago
Next Post
Cash Scarcity: CBN Sanctions 9 Banks N1.35bn

Raising ATM Charges To Scale Up: What It Means For Nigerians

Most Recent

Ecobank To Host ‘Design & Build Expo’ With 60 Global, Local Industry Leaders

Ecobank To Host ‘Design & Build Expo’ With 60 Global, Local Industry Leaders

September 23, 2025
Reps Demand Details Of ₦2.4tn Payment To Contractors

Reps Demand Details Of ₦2.4tn Payment To Contractors

September 23, 2025
Tinubu Plans First National Industrial Manpower Policy For Nigeria

‘Reps Back Tinubu’s Borrowing Plans For Infrastructure, Growth’, Says Speaker Abbas

September 23, 2025
PenCom Suspends 7 Mortgage Banks Over Equity Contribution Breach

PenCom Launches ‘Pension Revolution 2.0’ To Strengthen Retirement System

September 23, 2025

NLNG Train 7 Shutdown: Firm Engages Workers’ Unions For Resolution Of Tax Dispute

September 22, 2025
NDLEA Removes Husband Approval Requirement for Visa Applications

‘Acquire Drug Test Kits For Home Use’, NDLEA Boss Tasks Parents

September 22, 2025
NCoS Foils Attempt To Smuggle Drugs Into Kuje Prison

NCoS Foils Attempt To Smuggle Drugs Into Kuje Prison

September 22, 2025
Nigerian Economic Society Confers Fellowship On Development Bank MD   

Nigerian Economic Society Confers Fellowship On Development Bank MD  

September 22, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy