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$1 Trillion Target: Education Minister Declares Overhauls Are Shaping Nigeria’s Upcoming Labor Force

The Minister of Education, Dr. Tunji Alausa, has stated that schooling will serve as the primary catalyst behind President Bola Ahmed Tinubu’s initiative to establish a $1 trillion Nigerian economy by 2030.

Delivering remarks during an interview yesterday, Alausa explained that the national government is restructuring the learning sector to cultivate a globally elite labor force via continuous capital allocation toward human growth, practical skill mastery, and higher learning overhauls.

“We want to be the manpower supplier of the world. We need to produce competent, skilled and educated young Nigerians who will drive our economy, contribute to Africa’s growth and compete successfully across the world,” he said.

The minister underscored significant measures within the medical realm, observing that yearly intake for nursing institutions has climbed from roughly 20,000 to 50,000. Enrollment capacities for medical science, pharmacology, and dental studies have similarly been enlarged.

He expressed confidence that these structural improvements will eliminate the deficit of clinical specialists in upcoming years.

Also see: Nigeria’s Private Sector Credit Hits N472tn Despite High Borrowing Costs

Regarding funding mechanisms, Alausa noted that the Nigerian Education Loan Fund, NELFUND, was structured with an enduring framework to assist scholars across successive eras.

He supplemented that President Tinubu instructed that every critical transformation must endure beyond the present regime.

Addressing labor relations, the minister attributed the revival of tranquility across post-secondary institutions to the chief executive’s guidance.

He pointed out that the administration disbursed half of the back pay owed to academic associations and sanctioned an approximate 40% wage boost for academic and non-academic personnel.

According to him, this enhanced environment has materialized in international standing metrics, with Nigerian tertiary institutes on the Times Higher Education directory climbing from 21 to 24, while state-run institutions reclaimed top domestic placements.

Alausa reiterated the department’s dedication to broadening availability, bolstering human capacity, and equipping Nigerian youth to perform on the global stage pursuant to the President’s Renewed Hope Agenda.

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