The immediate past Vice Chancellor of the University of Lagos, Prof. Rahamon Bello, has identified poor funding of the education sector as a major hindrance to the nation’s economic development.
He revealed that quality education is vital for human resources development which in turn promotes economic development in a country.
Prof. Bello made the observation while delivering a lecture on ‘Private Education in Nigeria, sustainability in the next 50 years’. He gave the lecture to mark the 50th anniversary celebration of Grace Schools Gbagada Lagos.
The former VC highlighted that private education would continue to be part of the Nigeria educational system because public schools will not guarantee quality education as long as it is under-funded and mismanagement remains part of its culture.
“A ban on private school is highly unlikely in the future. The demand for private education rather than wane in the years ahead is likely to increase. The public sector is unlikely to have all the resources needed to provide all the shades of schools needed to meet the demands of the 6-3-3-4 policy on education. The private sector investment in private education is very substantial and will continue to increase. Government must therefore fine tune their strategies on regulation through monitoring and inspection.” Bello said