President Muhammadu Buhari on Thursday said that the wealth of nations is determined by the investment in the education sector.
The President stated this on Thursday at the inauguration of the Post Graduate Centre of Excellence at the Ahmadu Bello University, Zaria, Kaduna State.
Buhari who noted that it is better to invest in education than mineral resources explained that it is a way to overcome poverty.
‘‘The wealth of nations today is being shaped by investment in education rather than an emphasis on mineral resources.
‘‘Investment in education is a critical factor in driving innovation, technological advancements and employment opportunities in advanced economies.
‘‘Let me reiterate here that this administration places much premium on education at all levels, as it is the bedrock of society’s progress, and the way to overcome poverty,’’ he said.
According to him, his administration will not rest until it delivers on its commitments on quality education, including investing more resources in the sector and providing a conducive learning environment in academia.
‘‘It is no longer a secret that the state of facilities in our universities and other institutions of higher learning has not kept pace with the requirements of the ever-growing population of students and other stakeholders or with modern methods of learning.
‘‘This has largely been due to the perennial funding challenge over the years. As an administration, we are committed and determined to continue to fund our vital institutions, even in the face of limited financial resources.
The President expressed confidence that efforts at improving access to quality education in tertiary institutions will enable young Nigerians to make meaningful contributions towards the nation’s development.
He further disclosed that the Federal Government has invested about N1.3 trillion towards the development of the education sector in the past four years.
Buhari commended the CBN for providing the Centre, sited at the Samaru campus of the institution.
He said: ‘‘By this exercise, we are building on the vision of the founder of this great institution, Late and great Sir Ahmadu Bello, the Sardauna of Sokoto, who, as Premier of Northern Nigeria, established this institution almost six decades ago.
‘‘It is on record that this University has made giant contributions towards the development of our nation and we remain grateful to the Founder of this vision.’’
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