Give Us Education Banking Now; An open Letter to CBN Governor, Godwin Emefiele By Eniola Opeyemi
“A child’s education should begin at least one hundred years before he was born” – Oliver Wendell Lubbock (1834 – 1913) Pleasures of life
It could be remembered how Islamic banking came to stand in Nigeria on the influence of the former central bank of Nigeria’s Governor, Mr. Sanusi Lamido Sanusi who is now the Emir of Kano, however it’s a new dawn at the prestigious Nigeria’s financial institution seeing you as the head of the bank with more tasks to perform and influence. I purposefully write you as an intellectual with wealth of experience having foresight for development in the sector to affect the Nigerian economy, though, it could be noted that consistency on the part of a nation makes her attain heights through derived results.
Education is a key to harnessing economy potentials as education is a major advocate of ideas which in no doubt is what is needed to make Nigeria rank among the top twenty (20) economies in the world, we are still far from this vision if our academic environments are theoretical based instead of finding solutions to the existing problems and ways of selling our ideas through good researches, hardly would we see a Nigerian undergraduate that can make successful researches, not that the students aren’t committed but are discouraged by unavailability of research materials which requires funds.
According to the United Nations statistics made available in the month of June, 2013, confirms that Nigeria has the highest number of school drop-outs, the report release by UNESCO at the UN Headquarters’ in Newyork signed by Irina Bokova was quoted that 57 million Nigerian children were out of school, in reaction to information, President Goodluck Ebele Jonathan GCFR in June 2014 decried the high percentage of school drop-outs in Nigeria, saying the figure, which is as high as 70 per cent in some part of the country, “was too high”, “from statistics, the dropout of students at the basic level of education is quite high. The dropout at the level is too high” – GEJ
Many school dropouts have being hit by financial crises, the people that falls into this category just don’t see their dreams shattered but Nigeria as a country is also missing out on the input of manpower. Many developed countries today have considered the funding of education a priority, i mean ensuring the students study in convenience, a sound mind is capable of getting a great result, in Nigeria, we have many intervention funds and the bodies coordinating them, if you will agree with me, they are just erecting structures and beautifying our educational institutions but aren’t focused on the individual students challenges and how to help them contribute to the nations development.
The recent world bank study globalisation, growth, and poverty: building an inclusive world economy, by David Dollar and Paul Collier, describes how 24 developing countries that integrated themselves more closely into the global economy experienced higher economy growth, a reduced incidence of poverty, a rise in the average wage, an increased share of trade in gross domestic product, and improved health outcomes. These countries simultaneously raised their rates of participation in higher education.
Today, China, a country that her testimony is worth acknowledging and their victory is inspiring, a keynote speaker at China’s teachers’ day celebration, Dr. Lin li on September 17, 2012 in testimony of China’s conversion stated “in my experience, a good education has made a big difference. I have benefitted a lot from all these rich educational programmes”.
In United state of America, education banking is working, information made available on bank on America’s website states “our education banking team serves private educational institutions including colleges and universities, research institutions and private k-12 schools. We have relationships with 90 % of the top liberal arts schools.”
Education banking is the solution, give us EDUCATION BANKING.
Fmr coordinator, National Association of Nigerian Students’ – South-West,
Writes from Badagry, Lagos.
twitter handle: @eniola_opeyemi
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