We Are Critically Pregnant
Monday, September 24, 2018
It is a necessary devil that would ultimately bring out smiles on the faces of every citizen, akin to the labour pains that bring about happy moments in every human being. The envisaged education sector strategy will mark the difference between transforming the momentum into real gains as opposed to cosmetic league-table growth.
In one of my previous columns titled, ‘Is the Demand Big Enough’, I had argued that a dwarfed industrialisation suffocates developments leading to ever increasing unemployment rates. In support of this argument, I researched on the heavy public investments in infrastructure and industry which is currently a key priority for most governments on the African continent for example according to African Business Magazine for July 2018, Nigeria has this year allocated more funds to power, works and housing than the total combined for health, education and the interior.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...