Some prominent Yoruba elders have called on President Muhammadu Buhari to revamp the education sector, economy, security and other infrastructures, saying the country bleaks if the government refuses to do the needful urgently.
The stakeholders, who spoke one after the other on Wednesday in Lagos, raised the alarm over the quality of education in Nigeria, expressing concern that until government place premium on education, research and innovation, Nigeria will continue to be a dream not realised.
Lamenting the education standard of the country, the key stakeholders who converged at Agip Hall, Muson Center, Onikan, Lagos at a lecture entitled: Restructuring: Building a Knowledge-Based Economy, organized by a Yoruba Intelligentsia group, Voice of Reason (VOR) in honour of her Founder, Late Prince Goke Omisore, opined that it is unfortunately a reality that most students educated in Nigerian Tertiary Institutions cannot compete with any Secondary School Students in any part of America and Europe.
Opening the floor for discussions at the event, the keynote Speaker, Professor James Ayinde Fabunmim who argued that without promoting a knowledge-based economy and society, poverty, hunger, starvation and economic degradation will continue to boom like the waves of ocean across the length and breadth of Nigeria.
According to him: “Compare two economies – in one the raw materials are exported with no added value, while needed manufactured goods are imported. Thus is buying high, selling low, which leads to loss of wealth.
“Whereas if human knowledge was used to add value to natural resources before being exported, we would be selling high and buying low, leading to gain of wealth. As a matter of fact, there are nation-states with little or no natural resources, yet they thrive because they managed to develop an economy that relies exclusively on value addition based application of human knowledge.”