THE ROLE OF EDUCATION ON ECONOMIC DEVELOPMENT IN EKITI STATE

THE ROLE OF EDUCATION ON ECONOMIC DEVELOPMENT IN EKITI STATE

ABSTRACT

The role of education in the lives of peoples socially, morally, physically and most importantly economically on which this research study was based can not be underestimated simple random sampling was used to select the sample for the study. eighty respondents were adequately given research questionnaire that is, eighty questionnaires were distributed in each of the area visited within the state capital of Ekiti State (Ado – Ekiti precisely). There research question and research hypothesis were tested using simple cartage. It was deduced and crystally show that economic and education were the pivotal of development, technology and good standard of living. It is therefore recommended that education should take priority in the scheme of team, in government policy, parent should unanimously send their children to school.

 

TABLE OF CONTENTS

Title page

Certification

Dedication

Acknowledgement

Abstract

Table of content

CHAPTER ONE

Introduction

Background to the study

Statement of the Problem

Purpose of the study

Research Questions

Research Hypothesis

Significance of the study

Limitation to the study

Delimitation of the study

Definition of study

CHAPTER TWO

Literature Review

Introduction

The Importance of Education in Economic Development

Education and Health Services

Education and Productivity

Education and Income

Education and Family

Education and Trade

Challenges: Access, Equity, Quality, and Speeding Up Reform

CHAPTER THREE

Methodology

Introduction

Research Design

Population of the study

Sample and Sampling Techniques

Research Instrument

Reliability and Validity of the Instrument

Data Analysis

CHAPTER FOUR

Data Presentation, Analysis and interpretations

Introduction

Research Objectives

Presentation of Data Analysis

CHAPTER FIVE

Summary, Conclusion and Recommendation

Introduction

Summary of Findings

Conclusion

Recommendations

REFERENCES

QUESTIONNAIRE

CHAPTER ONE

INTRODUCTION

Background to the study

Ezeaku in Ndu and Emenogu (1996), reiterate that national development and education are inseparable since education is instrumental to the economic, political, social, administrative and legal aspects of national development. Education enhances economic growth, intellectual, social and legal improvements of individuals and society to which they belong as well as the political emancipation and international power of a nation.

Prior to the nineteenth century, systematic investment in human capital was not considered especially important in any country. Expenditures on schooling, on – the – job training, and other similar forms of investment were quite small. This began to change radically during this century with the application of science to the development of new goods and more efficient methods of production, first in Great Britain, and then gradually in other countries. During the twentieth century, education, skills, and the acquisition of knowledge have become crucial determinants of a person’s and a nation’s productivity. One can even call the twentieth century the “Age of Human Capital” in the sense that the primary determinant of a country’s standard of living is how well it succeeds in developing and utilizing the skills and knowledge, and furthering the health and educating the majority of its population.

Although different, human capital and life – skills are jointly dependent. The three human capital categories suggested by Lanzi: basic skills (reading, writing), professional competencies (applied knowledge, technical skills), and complex functionalities (problem solving ability, self learning skills) affect human freedoms, and vice versa (Lanzi 2004, 5-6). No country has achieved constant economic development without considerable investment in human capital.

Previous studies, Daudu (1987), Oladebo (1990) and Ezenwafor (2009), have shown handsome returns to various forms of human capital accumulation: basic education, research, training, learning – by – doing and aptitude building. For instance, professional competencies increase human capital determining, higher productivity and income, but it has also a capacity to enlarge human freedom because obtaining a better job can raise the level of personal satisfaction, which remunerations for families including better family health and nutrition, improved birth spacing, lower infant and child mortality, and enhanced educational attainment of children. Education is also an important contributor to technological capability and technical change in industry. Statistical analysis of the clothing and engineering industries in Sri Lanka, showed that the skill and education levels of workers and entrepreneurs were positively related to the rate of technical change of the firm (Deraniyagala, 1995).

Statement of the Problem

The relevance of education as a panacea to individual and the national economic problems has been acknowledged by both the government and several researchers. Consequently, government has made huge investments at different times for an effective implementation of education curricula which is a welcome development in our educational sector.

However, the educational sector to couple with the reaction of majority towards the ideology behind educational development has failed the society in terms of birthing genuine and reliable human capitals that would become a competitive resources for economic development needs, equipping school leavers and tertiary institution graduates with necessary competencies and skills for success which is adversely affecting the nation economic developments etc. Ukeje (1983) had sounded a note of warning about this development when he contended that what was happening in the country was mass schooling rather than mass education because of the large number of people who went to school and obtained certificates without being educated.

The inefficiency in the educational systems is a great burden on the percentage of the poverty level of individual in Nigeria economy today and also a higher proportion of unemployed Nigerian school leavers and graduates of different fields, who in the actual sense, are unemployable as many of them lack the requisite competencies for economic development and skills to meet employers’ demands for human capital needs, has continued to rise and the society pays highly for the situation with increased social vices such as cultism, armed robbery, kidnapping, political thuggery, prostitution and different other forms of criminal activities which are capable of ruining the image and reputation of the nation in the global arena and of important is that they create a higher level of set – back for our economic development.

Improving the level of training given to the trainers (teacher), exploring and modifying the students curricular to such that permit for standard required for human capital need and of important economic development needs; in these regards the economic development of individual as well as the country revenues are guaranteed.

Purpose of the study

The study focus on the role of education on economic development in Ekiti State. Specifically, the study seeks to determine the following objectives in this study:

  • To examine socio – economics characteristics of the respondents in the study area.
  • To identify various problem of education in the study area.
  • To identify if there is a notable economic developments in the area with respect to the level of educated respondents.
  • To assess the relationship between education and economic developments in the study area.

Research Questions

The study will be guided by the following research questions:

What role does education play in economic development of Ekiti State relative to:

  • What are the socio – economics characteristics of the respondents?
  • What are the various problem of education in the study area?
  • Is there a notable economic development in the area with respect to the level of educated respondents?
  • What is the relationship between education and economic developments in the study area?

Research Hypothesis

The following hypothesis will be tested

Hypothesis 1:

Ho: There is no significant difference in relationship between education and economic developments in the study area.

Ho: There is significant difference in relationship between education and economic developments in the study area.

Significance of the study

Investment in quality education is imperative to continue economic growth. To foster a healthy, educated workforce, policymakers must make more investments in effective education methods. Moreover, there is increasing evidence that education has strong economic returns and constitutes a major source of development. Also, reforms demand for efficient use of time and enhance quality of education are absolutely necessary to sustain growth.

Owing, to all this importance role of education on economic development, it is very imperatives to put forward this study, which will be made available for policy maker to style for operative policy construction.

The proposed study will also reveal the gaps in education preparation programs and policy in the state to enable government take appropriate measures to bring the programs to world standard. If this happens, educators and their students will benefit immensely because it will adequately equip them with required competencies for man power use and progress as well as enhance their global competitive ability. Nigerian employers, business and industries will as well benefit immensely because they will have middle level manpower with relevant competencies and skills for effective performance and greater productivity.

The state and the Nigerian society will benefit because as more of its youths are educated and progress on the job, unemployment and its attendant consequences of cultism, armed robbery, political thurggery, prostitution and youth restiveness generally will be significantly reduced.

Finally, all the foregoing benefits will earn the nation and its government enhanced reputation and competitive ability in the global arena to attract foreign investors for greater socio-economic development.

Limitation to the study

This main limitation of this study are constraints of resources, access, and time.

This finance and materials resources needed for a larger sample size for this study is inadequate. It is also not likely that the resources would have access to every locality of Ekiti State and its suburbs for respondents to fill the questionnaire.

Language is also another access limitation as it is difficult translating some questions and statements into the local dialects perfectly.

This limitation in particular, accounted for delimiting this study into searching for a notable learned fellow to answer some of the question as it is educational base.

This study is also constrained by time. It is contracted within limited academic time. Unfortunately, that diet not allow us to use a larger sample population which is a perquisite for reliability of a surveys that aim at generalizing findings and making inferences about the collected data.

Delimitation of the study

The study was delimited to only a selected town of Ekiti State for the role of education in their economic development to make inferences for the whole state.

Again only notable learners fellow are selected for the sampling. Moreover respondents in this study is based only on an individual rather an institutions.

Finally the population sampled in this study is delimited to a sizeable number of respondents.

Definition of study

Economic development: can be defined as “a sustained community effort to improve both the local economy and the quality of life by building the area’s capacity to adapt to economic change” (Loveriolge Morse).

It also refers to the enhancement of economic activity in the community.

It is also define as an increase in what an economy can produce if it is using all its scarce resources.

Education: can be defined as a form of learned in which the knowledge, skills and habits of a group of people are transferred from one generation to the text through teaching, training, on research.

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Updated: July 13, 2017 — 11:00 am

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