Investing in Education and Entrepreneurship: The Next Frontier for Sustainable Economic Recovery in Nigeria

Abstract

Despite deliberate efforts to establish a robust economy in Nigeria, the country's achievement has had little impact on broad  socioeconomic statistics. Economic growth is sluggish, with double-digit inflation, a high poverty rate, a significant income disparity,  rising living costs, and an ever-increasing unemployment rate, particularly among youths, and no country can ignore these economic issues if it wants to achieve sustainable economic development. This study argues that there is an undeniable need to re-strategize and  broaden the federal government's and private sector's focus on education and entrepreneurship through unambiguous policy reforms  and investment in the belief that these areas will contribute to the recovery and stability of the economy. This study concludes that  education and entrepreneurship are essential components for achieving economic recovery and long-term prosperity in Nigeria,  therefore, reforms and investment need to be emphasised and prioritised to pave the way for a potent and sustainable economic  recovery.