National Economy
Friday, August 8, 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
5 months ago
in Fiscal Policy
Reading Time: 2 mins read
Technical Education
Share on FacebookShare on TwitterShare on Telegram

You May Like

Nigeria’s 2025 Rebasing: A New Economic Mirror, Fiscal Policy Imperative

Prioritising Nigeria’s Most Promising Economic Sectors For Sustainable Growth

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

Nigeria’s 2025 Rebasing:  A New Economic Mirror, Fiscal Policy Imperative
Fiscal Policy

Nigeria’s 2025 Rebasing: A New Economic Mirror, Fiscal Policy Imperative

4 days ago
Prioritising Nigeria’s Most Promising Economic Sectors For Sustainable Growth
Fiscal Policy

Prioritising Nigeria’s Most Promising Economic Sectors For Sustainable Growth

2 weeks ago
Rethinking Tariffs, Import Duties On Vehicles In Nigeria
Fiscal Policy

Rethinking Tariffs, Import Duties On Vehicles In Nigeria

3 weeks ago
Weighing Merits, Demerits Of Nigeria’s New Tax Law
Fiscal Policy

Weighing Merits, Demerits Of Nigeria’s New Tax Law

4 weeks ago
Youth Employment: Economic Necessity For Nigeria’s Future
Fiscal Policy

Youth Employment: Economic Necessity For Nigeria’s Future

1 month ago
Critical Role Of Intellectual Property Rights On Nigeria’s Economic Future
Fiscal Policy

Critical Role Of Intellectual Property Rights On Nigeria’s Economic Future

2 months ago
Next Post
Cash Scarcity: CBN Sanctions 9 Banks N1.35bn

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

Most Recent

Corps Members To Enjoy Credit Support As NYSC Partners CreditCorp On Credit Card Initiative

CrediCorp Partners NYSC To Empower Corps Members With N200,000 Credit Facility

August 8, 2025
Senator Abiru Hails Presidential Assent To NIIRA

Senator Abiru Hails Presidential Assent To NIIRA

August 8, 2025
NGX Records N22.9bn Turnover

Equities Market Advances 0.52% On Sustained Buying Momentum

August 8, 2025
Senate Passes 2 Remaining Tax Reform Bills, Recommends Tax Tribunal

FG To Launch New Industrial Policy For Manufacturing

August 8, 2025
Navy Destroys 71 Illegal Refining Sites In July

Navy Destroys 71 Illegal Refining Sites In July

August 8, 2025
Abuja To Host Over 500 Global Investors At 2025 Business Investment Expo

Abuja To Host Over 500 Global Investors At 2025 Business Investment Expo

August 8, 2025
Telecom Industry Grapples With CNII Implementation

Telecoms Blackout Looms As Oil Unions Block Diesel Supply To 16,000 IHS Sites

August 8, 2025

Tinubu Names Ramat As NERC Chair, Appoints 2 Commissioners

August 7, 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