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Home Economy Fiscal Policy

Imperative Of Investing In Technical Education

by Cee Harmon
6 months ago
in Fiscal Policy
Reading Time: 2 mins read
Technical Education
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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.

 

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