{"id":8856,"date":"2021-09-23T19:47:30","date_gmt":"2021-09-23T18:47:30","guid":{"rendered":"https:\/\/thedailyleaks.com\/?p=8856"},"modified":"2021-09-23T20:39:05","modified_gmt":"2021-09-23T19:39:05","slug":"problem-solving-education-needed-to-boost-knowledge-economy-osinbajo","status":"publish","type":"post","link":"https:\/\/thedailyleaks.com\/problem-solving-education-needed-to-boost-knowledge-economy-osinbajo\/","title":{"rendered":"Problem solving education needed to boost knowledge economy \u2014 Osinbajo"},"content":{"rendered":"

Nigeria’s Vice President Yemi Osinbajo, has said that to surmount the barriers to knowledge economy it require the offering sound, relevant, practical and problem solving education.<\/p>\n

Osinbajo, speaking as the Special Guest of Honour at a two-day Kaduna State Investment Summit (KADINVEST) 6.0, in Kaduna, on Thursday, said, the application of required technique will help to cushion the impact of disruptive technology on key sectors.<\/p>\n

Addressing the audience on the theme of the Summit, \u201cTowards a Sustainable Knowledge Based Economy,” the Vice President said that Nigeria was very far from taking full advantage of its young talented people.<\/p>\n

\u201cThe main problem is how to surmount the barriers to the knowledge economy; how do we surmount those barriers to the knowledge economy?<\/p>\n

\u201cThe World Bank describes those barriers as the four pillars of the Knowledge economy:<\/p>\n

\u201cThe first is institutional structures that provide incentives for entrepreneurship and the use of knowledge.<\/p>\n

\u201cThe second is availability of skilled labour and a good education system<\/p>\n

\u201cThe third is access to information and communication technology (ICT) infrastructure.<\/p>\n

\u201cThe fourth is vibrant innovation landscape that includes academia, the private sector, and civil society,\u2019\u2019 Osinbajo said.<\/p>\n

He contended that, the knowledge economy, as the name implies, is entirely dependent on intellectual capital, a work force and talent pool that is educated, dynamic and adaptable, adding that, it required a sound, relevant, practical, problem solving education.<\/p>\n

\u201cSo, Science, Technology, Engineering and Math or STEM education as it is called, is crucial.<\/p>\n

\u201cThe curriculum being developed by the Federal Ministry of education adds Arts to the combination of subjects; so our own acronym is STEAM because we have added Arts to it.<\/p>\n

\u201cThe task here is major\u2013developing an education system that would provide resource and support the knowledge economy- from teacher training to acquiring technology and other equipment,\u2019\u2019 the Vice President said.<\/p>\n

Osinbajo averred that an effective planning was needed in order to create adequate resource capacity and capability.<\/p>\n

He said factors to be considered included what it would take to train and equip enough engineers, technologists, scientists, doctors and other products of STEM curricula to drive a Knowledge-based economy.<\/p>\n

According to him, \u201cThankfully we are not alone in this, as there are global shortages everywhere of technological talent.<\/p>\n

\u201cA recent analysis showed that the Artificial Intelligence and Machine Learning talent gap globally stands at 1.2 million resources, while there are only 650 thousand professionals employable in these roles.<\/p>\n

\u201cThe best Organisation for Economic Co-operation and Development(OECD) countries have 16 scientist\/researches per 1000 employees and spend 1 to 3 per cent of GDP on Research and Development.<\/p>\n

\u201cWhere do we stand on that scale? How do we accelerate our progress?<\/p>\n

He said that with global gaps in talent, well planned training programme could even see Nigeria become a hub for critical technical talent.<\/p>\n

This was proven with the success of Andela, a Nigerian company, developing and placing Software Engineering talent.<\/p>\n

ALSO READ:\u00a0Osinbajo cares for prosperity of the poor, Kaduna people excited to see him \u2014 El-Rufai<\/a><\/strong><\/p>\n

He said it could be replicated across a broader range of STEM disciplines.<\/p>\n

\u201cSo, it is possible with companies like Andela; that is already doing so much work developing soft engineers, programmers and all manner of other talents; it is possible to do more and increase the numbers.<\/p>\n

\u201cSome ideas that can be explored include support for on-the job and tailored training to accelerate talent development and augment conventional schooling.<\/p>\n

\u201cFor example, I understand Blue Camel has a Solar Installation training facility on its industrial campus where it trains hundreds of students a year.<\/p>\n

\u201cAlso, the curricula in trainings could have a standard knowledge set that must be learnt prior to specialisation.\u2019\u2019<\/p>\n

Osinbajo said that the standard principles should support mobility of talent across jobs to adapt to changes in a Knowledge-Based economy.<\/p>\n

He said that the Kashim Ibrahim Fellowship promoted by the state government was capable of creating a critical mass of talented people.<\/p>\n

\u201cI think The Kashim Ibrahim Fellowship, which the Kaduna State government initiated a few years ago, which exposes Fellows to thought leaders and experts.<\/p>\n

\u201cAnd to practical experience through rotational job programs and community service is also an example of the type of initiatives needed to create a high caliber talent pool for the Knowledge Based Future,\u2019\u2019 he said.<\/p>\n

Gov. Nasir el-Rufai, who presented an overview of KADINVEST 1.0 to 5.0 and unveiled KADINVEST 6.0, thanked the Vice President for gracing the event.<\/p>\n

He said that KADINVEST, which was started in 2016 less than a year after he took office, was in realisation of partnering with the private sector in creating jobs and growing the state.<\/p>\n

Osinbajo, afterwards inspected the Galaxy Mall, Kaduna, and proceeded to inaugurate the Kasuwan Magani market and 100 kilowatt Solar PV Mini-Grid, at Kajuru.<\/p>\n

Osinbajo said that the Galaxy Mall and the Kasuwan Magani market were both products of the focus of the Kaduna State Government in enabling commerce and improving the economic prospects of its citizens.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nigeria’s Vice President Yemi Osinbajo, has said that to surmount the barriers to knowledge economy it require the offering sound, relevant, practical and problem solving education. 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