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Govt Must Prioritise Education To Boost Production, Prosperity – Pat Utomi
Political economist Prof. Pat Utomi says Nigeria must invest heavily in education to drive production, economic growth, and improve citizens’ quality of life. Speaking on the current economic outlook, he argued that celebrating GDP growth figures means little when millions remain in poverty.
Comparing life in the 1960s to today, Utomi said Nigerians then enjoyed better living standards, driven by productive rural agriculture and better public investment. Now, over 75% of rural dwellers live in chronic poverty with no savings or support systems.
He stressed that real economic progress depends on increased output and competitiveness — both linked to quality education. "Education, education, education — that’s how to drive productivity," he said, citing global examples like China’s manufacturing leap through skilled labour development.
Utomi warned that political distractions and poor investment in human capital continue to hold the country back. He criticised Nigeria’s borrowing habits, noting that loans are often used to fund consumption rather than productive sectors.
He also called for reform in capturing data from the informal sector and ensuring borrowed funds are directed towards infrastructure, agriculture, and skills training to secure lasting growth.
Political economist Prof. Pat Utomi says Nigeria must invest heavily in education to drive production, economic growth, and improve citizens’ quality of life. Speaking on the current economic outlook, he argued that celebrating GDP growth figures means little when millions remain in poverty.
Comparing life in the 1960s to today, Utomi said Nigerians then enjoyed better living standards, driven by productive rural agriculture and better public investment. Now, over 75% of rural dwellers live in chronic poverty with no savings or support systems.
He stressed that real economic progress depends on increased output and competitiveness — both linked to quality education. "Education, education, education — that’s how to drive productivity," he said, citing global examples like China’s manufacturing leap through skilled labour development.
Utomi warned that political distractions and poor investment in human capital continue to hold the country back. He criticised Nigeria’s borrowing habits, noting that loans are often used to fund consumption rather than productive sectors.
He also called for reform in capturing data from the informal sector and ensuring borrowed funds are directed towards infrastructure, agriculture, and skills training to secure lasting growth.
Govt Must Prioritise Education To Boost Production, Prosperity – Pat Utomi
Political economist Prof. Pat Utomi says Nigeria must invest heavily in education to drive production, economic growth, and improve citizens’ quality of life. Speaking on the current economic outlook, he argued that celebrating GDP growth figures means little when millions remain in poverty.
Comparing life in the 1960s to today, Utomi said Nigerians then enjoyed better living standards, driven by productive rural agriculture and better public investment. Now, over 75% of rural dwellers live in chronic poverty with no savings or support systems.
He stressed that real economic progress depends on increased output and competitiveness — both linked to quality education. "Education, education, education — that’s how to drive productivity," he said, citing global examples like China’s manufacturing leap through skilled labour development.
Utomi warned that political distractions and poor investment in human capital continue to hold the country back. He criticised Nigeria’s borrowing habits, noting that loans are often used to fund consumption rather than productive sectors.
He also called for reform in capturing data from the informal sector and ensuring borrowed funds are directed towards infrastructure, agriculture, and skills training to secure lasting growth.
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