The Current Global Economic Crisis: Implication for Best Teacher Practices for University Graduate Capacity Building in Nigeria

Abstract

The study examines the current global economic recession and its implication for best teacher practices for university graduate capacity building in Nigeria. The main thrust of the paper is the causes of the present recession, solutions and its implications for university graduate capacity building in Nigeria. The paper identifies the plummeting of the prices of real estate in the USA as the remote cause of the recession and the drying up of loanable funds in the money market as the main cause. One of the solutions the paper proffers is that Banking Institutions and other industries should be rescued so that they do not go into bankruptcy. One of the implications for university graduate capacity building in Nigeria is that students should be made to understand that at a time like this, self employment, skills acquisition after graduation is a way out in order to keep our own economy on track.