Concerned Nation-Builders Initiative, an NGO on Sunday in Epe, Lagos State stressed the need for human capital development for nation building.
Its Project Director, Mr Sultan Teslim, told the News Agency of Nigeria that Nigeria would develop faster if attention was shifted a bit away from politics.
More attention, he said, should be given to capacity building in education, ICT, skills acquisition and wealth creation among others.
“The driving force for a nation’s development and growth has shifted from natural endowments to knowledge economy.
“Countries without abundant resources have been excelling because of the emphasis on human capital that propels knowledge economy,’’ he argued.
Teslim noted that Nigeria had not been serious with her human capacity building because she had not been treating education as a priority sector.
“UNESCO approved that 26 per cent of annual budgets of countries be allocated to the education sector, but Nigeria allocates less than 8 per cent to the sector.
“Nigeria has been spending much on governance while critical infrastructure and education in particular have been treated with levity in national budgets.
“It is estimated that the country’s oil reserves would be exhausted by 2052. “Nigeria, therefore needs to key into the New Economy by developing, training and appreciating her abundant human capital,’’ Teslim charged.
’ He argued also that training in ICT, reduction of recurrent expenditure, ending of official corruption and allocating 26 per cent of budgets to education as recommended by UNESCO would help in the socioeconomic growth of Nigeria.
Teslim also told NAN that solving the problem of unemployment and restoration of the economy would stand the country in good stead.