For individuals, education promotes employment, earnings, health, and poverty reduction. Globally, there is a 10% increase in hourly earnings for every extra year of schooling. For societies, it drives long-term economic growth, spurs innovation, strengthens institutions, and fosters social cohesion.
Developing countries have made tremendous progress in getting children into the classroom, and more children worldwide are now in school. But learning is not guaranteed, as the 2018 World Development Report (WDR) stressed
For individuals, education promotes employment, earnings, health, and poverty reduction. Globally, there is a 10% increase in hourly earnings for every extra year of schooling. For societies, it drives long-term economic growth, spurs innovation, strengthens institutions, and fosters social cohesion.
Developing countries have made tremendous progress in getting children into the classroom, and more children worldwide are now in school. But learning is not guaranteed, as the 2018 World Development Report (WDR) stressed
Other poverty is more transient and reflects asset of vulnerabilities for income,
assets and entitlements. In this context, poverty means the absence of security and so affect a very wide spectrum of Nigerian families.
They may have adequate income for some time but may highly vulnerable to changes, hazards and misfortune.
Failure to maintain social integration and build hope for poverty reduction leads to violence against property and persons.
This in turn impact negatively on the economy and welfare of both poor and non-poor.
Other poverty is more transient and reflects asset of vulnerabilities for income,
assets and entitlements. In this context, poverty means the absence of security and so affect a very wide spectrum of Nigerian families.
They may have adequate income for some time but may highly vulnerable to changes, hazards and misfortune.
Failure to maintain social integration and build hope for poverty reduction leads to violence against property and persons.
This in turn impact negatively on the economy and welfare of both poor and non-poor.
Education provides a foundation for eradicating poverty and fostering the economic development. It is the groundwork on which much of economic and social well-being of the citizens are built. Education is the key to increasing economic efficiency and social consistency, by increasing the value and efficiency of the labor force, and consequently raises the poor from poverty.
Education increases the overall productivity and intellectual flexibility of the labor force, and ensures that a country is competitive in a world market now characterized by changing technologies and production methods.
According to Roberts (2011), the primary determinants of a country’s standard of living is how well it succeeds in developing and utilizing the skills and knowledge, furthering the health and educating the majority of its population
Education provides a foundation for eradicating poverty and fostering the economic development. It is the groundwork on which much of economic and social well-being of the citizens are built. Education is the key to increasing economic efficiency and social consistency, by increasing the value and efficiency of the labor force, and consequently raises the poor from poverty.
Education increases the overall productivity and intellectual flexibility of the labor force, and ensures that a country is competitive in a world market now characterized by changing technologies and production methods.
According to Roberts (2011), the primary determinants of a country’s standard of living is how well it succeeds in developing and utilizing the skills and knowledge, furthering the health and educating the majority of its population
You must be logged in to post a comment.