An Israeli researcher, Dr. Joseph Shevel said low investment in education by Nigerian politicians is attributed to the fact that the sector takes a long time to mature and getting returns requires patience.
In a keynote address he delivered at the third international conference organized by the Faculty of Social Sciences of Nnamdi Azikiwe University, Awka, Shevel, who is the President of Galilee Institute, Israel and a member of Israeli Prime Minister’s committee on Social Policy, described education as the future for any nation because of its ripple effect on all sectors of human endeavour.
According to him, to be on the right path for development, a country’s budget for education must meet the basic international standard in line with the Dakar Recommendation. He expressed regret that while the recommendation was that budget for education must not be less than 5% of the nation’s Gross Domestic Product (GDP), Nigeria’s budget for education has been hovering around 1.5%.
Shevel said the economic crisis facing Nigeria is an opportunity to go back to the basics, noting that the country’s problem is an interim situation that could be overcome with hard work and determination.
He said there was no reason for Nigeria to be among the world’s poorest nations going by the enormous resources she is endowed with.
“The rivers in Nigeria are enough for the country to have enough fish and for export. The land resources are enough to grow crops that can feed the whole of Africa. What is required is the will to do what is necessary,” Shevel said.