High literacy level will attracts foreign investors – Ezekwesili

 

HIGH level of literacy has described as major way of attracting foreign investors into the country.
Former Minister of Education, Dr. Oby Ezekwesili stated this today at the 2017 Nigerian Stock Exchange’s (NSE) Essay Competition Awards Ceremony held in Lagos.
Ezekwesili said Nigeria needs to improve on its literacy level for her to attract increase in long term foreign direct investment.
“Foreign direct investment depends on the level of literacy in the society. If a country has high literacy, it will attracts more foreign investments in the country.”
She noted that Singapore literacy level is almost 100 percent, while Nigeria literacy level is of 58 percent, saying that, what is painful is that Rwanda even after their Genocide war of 1990 has managed to increase its literacy level to 72 percent.
She pointed out that Nigerian needs to improve its literacy level, in order to attract more foreign investment, saying “we need foreign investment in order to bridge the gap that we have in terms of investment in infrastructure.”
She added that the only way to end poverty in Nigeria is through education, saying every country that has managed to do better or climbed out of poverty has done it on the back of improvement in human capital, the basis of improvement in human capital is quality education, she said.
The NSE Essay Competition which is one of the Exchange’s financial literacy and inclusion initiatives aimed at bridging the gap in classroom learning with practical knowledge required for long-term personal financial planning.
The competition’s overall goal is to develop a culture of wealth creation amongst the youth towards “Building a Financially Savvy Generation”.
In this year competition, the overall winner is Debo Olasunkanmi from Lago State, Olanipekun Opeyemi a 15 year student from Oyo State was the second runner up, while Chukuemeka Oluchi, a 13 year old student from Kwara State was the third runner up.