Quality education lowers income inequality

-

Inequality
Image by Joseph V M from Pixabay 

Quality education lowers income inequality


Over 90 million Nigerians are living below poverty line.That is about half of the population.Income gap is very wide between the rich and the poor creating income inequality. What is income inequality? How is poor quality education the root of Income inequality? How can high-quality education be used to close income inequality gap?


What is income inequality?


Poverty is a painful reality staring right at everyone one of us. It's seen on our neighborhood, on our streets, and on every aspect of our lives. The have nots is increasing daily. World recent report has it that more people in sub-Saharan Africa would slip into poverty. This means more people, especially in Nigeria, the most populous country in Africa, will become poor.

As many Nigerians are struggling to make end meet some few Nigerians are very rich. Their monthly income is well over a million Naira. That is, the rich Nigerians earn 67 times more than the average poor Nigerians. Such a wide difference in income gap is huge and the less than ten percent rich Nigerians accumulates over 80% of the income to themselves. This is a terrible case of income inequality.


How is poor quality education the root of income inequality?


The high poverty rate in Nigeria ought not be considering that the country is a resource rich nation. So why is there this huge income gap? The same very problem perplexing the leadership...poor-quality of our education system.

The system that fail to give students multiple skills; the system that fail to give students critical thinking and problem-solving skills is the reason why many who leave the education system cannot create jobs. As low-skill labor is what such students can only afford, how can they generate high revenues to earn high income with low skill labor? So they got what paid what they worth.


Use high-quality education to close the income inequality gap


Schools that give students high skills is the only solution to this problem. As people's skills become sophisticated, they can easily generate more wealth into the common pool from which they would be paid better. Minimum wage can naturally rise as there is more fund in the pool to go round.But as it is, people can't expect much from the low-skilled labor they offer.Thus, they can only live as they worth.
Low-skilled labor force is the reason for the income inequality gap in Nigeria and this situation can be changed by making our schools high-skills imbibing institutions.until Nigerians arm themselves with high-skills, income inequality gap will continue to widen; poverty would continue to rise, and Nigeria, a resource rich nation, would continue to be a poor country.


New Generation Idea Community is concept that aims at revealing the culprit of our situation via writing, blogging, building communities of like minds, formulation of actionable plan to establish high-quality school system. Therefore, feel free to join the community. Order books from us to support our course.

By Paul Nwosu

Comments

Post a Comment

Popular posts from this blog

31 great privately owned schools that are in competitive log-heads to provide high quality education to the super rich, rich, and middle-class citizens

-
Image
31 great privately owned schools that are in competitive log-heads to provide high quality education to the super rich, rich, and middle-class citizens It is a fact that Nigeria’s education system is poor and in a comatose state, but some individuals, foreign organisations and immigrants have taken up the hard task of creating sound all-round education to Nigerian children. Another fact is that these privately owned schools c aters for children whose family are financially buoyant enough to afford their expensive education.   This leave a big gap in the area of the availability of quality education to more populous but poorer citizens. These bigger sized population make do with low standard education that the public schools offer. The resultant outcome is the situation where bright minds are exported out of the country to build other nations while the nation wallow in the sea of dim minds. Below are 32 great privately owned schools that are in competitive log-
Read more

Organizational Changes Necessary for High Efficient School Education in Nigeria

-
Image
Organizational Changes Necessary for High Efficient School Education system in Nigeria In other f or Nigeria to set its system of education reformed and for the system to exude high intelligence outcome, there must be foundational changes. The government can carry on a serious reformation in which all the public schools would need structural and organizational reformation. The top decision-makers on education matters, the federal ministry of education and the education boards, need to be reformed and reset. The reformation would start from the drafting of effective guideline which would adequately emphasize the roles that these control bodies need to perform in order to achieve the goal of creating a strong academic system. The position for members of the leadership board, would be available strictly on merit, and the leaderships’ activities would be transparent, and well checked to avoid abuse of structural arrangement. The members would follow and adhere to
Read more
-
Image
Why Are The Majority of Professors in Nigeria Less Creative? Getting to the level of being a Professor, a Ph.D. degree holder, is not a walk in the park. The journey starts from parents who are educated and are willing to see their kids achieve a topmost level of degree acquisition. The parent of a would-be professor would have followed up their dream by setting up a future plan of how their child would be schooled especially from elementary level to the graduate level of the university education as it is the case here in Nigeria and some other countries. Then a bachelorette can continue to push further to acquire a Masters degree and finally a Ph.D. The postgraduate learning courses that eventually produces a professor are usually focused majorly on research and deeper studies.  Ph.D. degrees holders are expected to use their enormous knowledge to proffer solutions to problems bordering the area of their studies which relate to the challenges the society fac
Read more