Education as a Driver of Economic Growth and Development

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Education as a Driver of Economic Growth and Development

  1. 1. OUR STRATEGY AND OPPORTUNITIES ECONOMIC & DEVELOPMENT SUMMIT EKITI STATE NIGERIA EDUCATION AS A DRIVER OF ECONOMIC GROWTH AND DEVELOPMENT
  2. 2. <ul><li>GIIG-HEAT </li></ul><ul><li>G – Governance </li></ul><ul><li>I – Infrastructural development </li></ul><ul><li>I – Industrial development </li></ul><ul><li>G – Gender equality and empowerment </li></ul><ul><li>H – Health care systems </li></ul><ul><li>E – Education and human capital development </li></ul><ul><li>A – modernization of Agriculture </li></ul><ul><li>T - Tourism </li></ul>8 - POINT AGENDA OF THE DR. KAYODE FAYEMI LED ADMINISTRATION
  3. 3. Agenda 4 – Education and Human capital development <ul><li>By 2014, a computer on every student’s desk; free and compulsory education up to senior secondary school; special initiatives for physically challenged students; establishment of institute of Science and Technology; creation of State Sports Academy for gifted youth. </li></ul>
  4. 4. INTRODUCTION <ul><li>Ekiti State’s Educational heritage has never been in contention across the length and breadth of Nigeria. </li></ul><ul><li>Our brand identity as previously called “Fountain of Knowledge” added a lot to this perception of a massive educational equity for Ekiti people. </li></ul><ul><li>Our vision is to develop Ekiti State as an Education-Tourism Centre. We would like to continue to educate Nigerians and create wealth in the process. </li></ul>
  5. 5. <ul><li>EDUCATION AND HUMAN CAPITAL DEVELOPMENT </li></ul><ul><li>Free and compulsory Education up to SSS3 </li></ul><ul><li>To provide modern and conducive learning environment for all </li></ul><ul><li>To provide functional education for enterprise </li></ul><ul><li>To put a computer on every students desk by 2014 </li></ul><ul><li>Special initiatives for physically challenged children </li></ul><ul><li>Creation of a sports Academy for gifted youth </li></ul><ul><li>To develop a science and technology institute </li></ul><ul><li>To develop Life Academies </li></ul><ul><li>Build world class Tertiary Institutions </li></ul>DR. KAYODE FAYEMI’S VISION FOR EDUCATION IN EKITI STATE
  6. 6. <ul><li>Vision and Mission for the Ministry of Education, Science and Technology </li></ul><ul><li>VISION – to provide affordable, qualitative, functional and sustainable education for enlightenment and enterprise. </li></ul><ul><li>MISSION – to ensure quality and functional education through sound policy formulation and implementation, official school monitoring, provision of conducive environment and regular capacity building of personnel. </li></ul>VISION AND MISSION STATEMENT
  7. 7. EDUCATION = WEALTH <ul><li>Education increases the earning capacity of individuals </li></ul><ul><li>A compelling body of research links primary and secondary education to economic development and growth. This research recognizes people as a type of economic asset – “human capital” – and shows that increased investment in health, skills, and knowledge provides future returns to the economy through: increases in labor productivity. </li></ul><ul><li>Education increases workers’ average earnings and productivity, and it also reduces the incidence of social problems such as drug abuse, crime, welfare dependency, and lack of access to medical care, all of which can weigh heavily on the economy. </li></ul>
  8. 8. EDUCATION = WEALTH <ul><li>lifelong learning has literally become the new infrastructure of our knowledge-based economy. </li></ul><ul><li>Education, as infrastructure, means that we must be willing to see our schools, colleges and universities as key players in economic development—because of the talent they create, the research they conduct, and the new knowledge they produce. </li></ul><ul><li>It is partly from research and innovation that new companies are born, new ideas are birthed and new jobs are created. </li></ul><ul><li>Indeed, research and innovation help to drive economic expansion and the creation of new wealth. </li></ul>
  9. 9. EDUCATION AS A WEALTH CREATION TOOL IN EKITI <ul><li>Our plan is to provide functional and sustainable Education </li></ul><ul><li>We believe that Education will not just be for learning but for enlightenment and enterprise </li></ul><ul><li>Entrepreneurship will be incorporated to our curriculum from Secondary Schools to Tertiary Institutions. </li></ul><ul><li>Encourage our researchers to proactively seek for grants and scholarships to carry out research in their institutions </li></ul><ul><li>To attract funding with laudable projects in Schools. </li></ul>
  10. 10. OUR STRATEGY <ul><li>Encourage Private Capital in developing our existing institutions of Education e.g. Provision of Hostel Accommodation at Ekiti State University (EKSU), Ado Ekiti and College of Education, Ikere Ekiti </li></ul><ul><li>Developing a finished & employable workforce through our Life Academies to bridge the gap between the gown and the town. Thus attracting students from other states </li></ul><ul><li>Upgrading the Government Technical college at Ado Ekiti to a Vocational Centre of Excellence to provide the much needed artisans / Craftsmen for work in other parts of Nigeria and neighbouring countries. </li></ul>
  11. 11. EKITI – LIFE ACADEMIES “ a new generation of life competent graduates” <ul><li>Ekiti proposes to establish a Life Academy with centres in each of the States. A pioneering approach targeted at creating a first cohort of truly Life competent graduates' </li></ul><ul><li>The life academy will develop the competence of young people in the state </li></ul><ul><li>These graduates and school leavers, who are largely between age 15-29, 22.6% of the State population. </li></ul><ul><li>2006 figures indicate that Ekiti has 258,318 OND/NCE graduates, 196,641 University/HND & 29,496 postgraduates </li></ul>
  12. 12. AIMS OF THE EKITI LIFE ACADEMY <ul><li>Expose Ekiti graduates to life skills beyond the classroom, which will develop their capacity to contribute meaningfully to processes of governance & development in the State </li></ul><ul><li>To raise the standards of engagement of young people in daily life in the State by injecting excellence & appropriate core values into their work & key activities </li></ul><ul><li>To create a cadre of competent young people with a culture of excellence who can support the transformation agenda of Ekiti State as well as provide leadership for the future running of the Life Academy </li></ul>
  13. 13. ONGOING PLANS AND REFORMS <ul><li>CONSOLIDATION OF EKITI STATE UNIVERSITY (EKSU), ADO EKITI </li></ul><ul><li>REINSTATED COLLEGE OF EDUCATION, IKERE EKITI </li></ul><ul><li>RE-ARTICULATION OF JSS-SSS IN EKITI </li></ul><ul><li>GROUPING SCHOOLS INTO GRD I – III BASED ON POPULATION / REDUCTION OF CLASS SIZES </li></ul><ul><li>REDUCTION OF TECHNICAL COLLEGES FROM 6 TO 4 </li></ul><ul><li>ESTABLISHMENT OF LIFE ACADEMIES </li></ul><ul><li>ESTABLISHMENT OF A QUALITY ASSURANCE AGENCY </li></ul><ul><li>RETURNING OF SCHOOLS TO MISSIONS </li></ul><ul><li>PROGRMAMMATIC INVESTMENT LENDING (PIL) FROM WORLD BANK </li></ul><ul><li>RURAL POSTING INCENTIVES FOR TEACHERS </li></ul><ul><li>ESTABLISHING POSITIONS OF TUTOR GENERALS </li></ul><ul><li>ESTABLISHMENT OF AN INSTITUTE OF SCN & TECH. </li></ul>
  14. 14. CURRENT PARTNERSHIPS/PROPOSALS <ul><li>WORLD BANK – PROGRAMMATIC INVESTMENT LENDING (PIL) </li></ul><ul><li>UNICEF </li></ul><ul><li>SAMSUNG </li></ul><ul><li>MICROSOFT ACADEMY </li></ul>
  15. 15. OPPORTUNITIES IN THE SECTOR <ul><li>Encourage establishment of HIGH QUALITY private Primary and Secondary Schools </li></ul><ul><li>Provide support for the establishment of Tertiary Institutions </li></ul><ul><li>Encourage privately owned academies such as the Microsoft Academy, Technical and general skills transfer arrangements with manufacturers </li></ul><ul><li>Provision of amenities for the significant population of Students e.g. Drycleaners, Supermarkets, Markets, Cinema, Spas and so on. </li></ul><ul><li>Develop Education Tourism with a view to providing manpower/education for others – Creating Wealth </li></ul>
  16. 16. REFERENCES <ul><li>Smart Money: Education and Economic Development </li></ul><ul><li>By William Schweke | July 7, 2004 </li></ul><ul><li>Education and Economic Development: </li></ul><ul><li>Beginning a Dialogue, Sandra Pianalto </li></ul><ul><li>Proposal on Ekiti Life Academy by Dr. Funmilayo Olonisakin and Mr. Adewale Ajadi – Kings College. London </li></ul>
  17. 17. THANK YOU “ a greater Ekiti is possible”

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