The Economic Advisory Council to President Muhammadu Buhari have said that the Tertiary Education Trust Fund (TETFund) shift from infrastructural development to content development is the right for economic growth and development in Nigeria.
The Chairman of the Council, Doyin Salami said the Fund needs to intensify content development and fund research to achieve the required manpower in the education system to solve the problems in the country.
Salami, who made this known on Monday when he paid a courtsey visit to the Executive Secretary, TETFund, Sulieman Bogoro in his office on Monday also said for Nigeria to develop its economy in a competitive way to the benefit of the people, it needs innovation, entrepreneurship and an ecosystem that is sustainable.
The chairman, while noting that a knowledge based economy can reveal capacities that can be unlocked in the education sector, harped on the importance of entrepreneurship.
Earlier, Bogoro noted that in the 21st century, the most competitive economies are knowledge economy and is perfected by problem solving research.
The ES, while noting that the fund is shifting to funding for research, said a lot of research outputs are aimed at feathering the nest of the researchers or for promotion of the researchers who are mainly in the universities, polytechnic and colleges of education
“Knowledge economy is fashion driving, perfected by research and innovation creativity and deepening of research specifically problem solving research. The most competitive economies are those that are knowledge based”, he said.
He noted that there is a paradigm shift in proceeding with development of Nigeria’s economy in the contest of the key area under the sustainable development goals and for the economic advisory council to come the Fund, means that the research community is central to it all.
