National Economy
Saturday, May 31, 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
3 months ago
in Fiscal Policy
Reading Time: 2 mins read
Technical Education
Share on FacebookShare on TwitterShare on Telegram

You May Like

The Dangerous Rise Of Non-state Tax Collectors In Nigeria

How Nigeria Can Get The Best Out Of AfCFTA

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

The Dangerous Rise Of Non-state Tax Collectors In Nigeria
Fiscal Policy

The Dangerous Rise Of Non-state Tax Collectors In Nigeria

1 month ago
How Nigeria Can Get The Best Out Of AfCFTA
Fiscal Policy

How Nigeria Can Get The Best Out Of AfCFTA

1 month ago
Toward Fiscal Stability Through VAT
Fiscal Policy

Toward Fiscal Stability Through VAT

2 months ago
Harnessing Nigeria’s Oil Wealth For Sustainable Development
Fiscal Policy

Harnessing Nigeria’s Oil Wealth For Sustainable Development

2 months ago
Imperative To Strengthen Nigeria’s Capital Base
Fiscal Policy

Imperative To Strengthen Nigeria’s Capital Base

3 months ago
Need To Accelerate Investment In Digital Transformation
Fiscal Policy

Need To Accelerate Investment In Digital Transformation

3 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

Adesina Set Unmatched Record At AfDB — Buhari

Adesina Set Unmatched Record At AfDB — Buhari

May 30, 2025
JUST-IN: Reps Pass Tax Reform Bills

Reps Threaten To Revoke Licences Of Defaulting Quarry Operators

May 30, 2025
AfDB: Tinubu Hails Sidi Tah’s Election, Reaffirms Nigeria’s Commitment

AfDB: Tinubu Hails Sidi Tah’s Election, Reaffirms Nigeria’s Commitment

May 30, 2025
JUST-IN: Tinubu Inaugurates New NNPCL Board

Tinubu Signs Executive Order To Cut Oil Project Costs, Boost Revenue

May 30, 2025
Only 2 States Generated Enough Revenue To Cover Expenses–BudgIT

Federal Gov’t Yet To Disburse 2025 Budget Funds — Fayemi

May 30, 2025
Pitcher Awards 2025: CBA Foundation Honored For Groundbreaking Widowhood Advocacy

Pitcher Awards 2025: CBA Foundation Honored For Groundbreaking Widowhood Advocacy

May 30, 2025
Senate Passes 2 Remaining Tax Reform Bills, Recommends Tax Tribunal

Senate Approves N1.8trn 2025 FCT Budget

May 30, 2025
Drug Trafficker Bags 24-yr Jail Term, Forfeits N16.8m, Car

Drug Trafficker Bags 24-yr Jail Term, Forfeits N16.8m, Car

May 29, 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