A  Professor of Economics in the Faculty of Social Sciences University of Port Harcourt, Rivers State, Prof Willie J. Okowa has called on government at all levels to increase her  Education  sectorial budgetary  allocation to twenty percent of their annual budget , saying that such efforts will improve the development of education in the country.
Okowa said each government wether local, state or federal governments should devote an increased proportion of her annual budget to education such that in the next five to ten years , so that we can see at least 20 percent of her budget to the education sector.
He made this call while presenting the 42nd convocation lectures at  the just concluded Iaue convocation ceremonies held at the university auditorium in port harcourt, recently.
He posisted that the economy has a nexus with sustainable higher education to the effect that a robust economy plays a key role in the sustainability of higher .education , while a sustainable higher education plays a supportive economic growth and development
“On the hand,a failing economy can hardly support a sustainable higher education”.
According to him ,a growing economy easily provides the finances to fund sustainable higher education while a education provides the relevant skills and the manpower needs required to propel economic growth and development,”of course, The Inadequate provision of higher educational facilities will fail to the manpower needs required by the economy to support its growth and development”
“The ability of an economy to adquately find higher education also depends on the rate of the population ,the higher the rate of growth of population, the more the number of the people that require higher education .Hence ,a rapid population growth puts more pressure on the ability of the economy to adquately fund higher education, irrespective of its performance.”
“Population growth , economic growth and the adequate funding of higher education are therefore intricately interlinked.The adequacy of the funds that an economy provides to finance higher education also depends on how well the managers of our education institutions manage such funds.
If people who lack character , integrity and merit are appointed to helms of affairs institutions,then funds can hardly be adequate .on the other hands ,if people of character, integrity and merit are given such appointments ,then the outcome will be much better” he stated.
The erudite scholar opined that Nigerian universities and colleges are also passing through strange times and outlined outdated laboratories , inadequate classrooms, adding that many students involved in drugs and prostitution.

By: Akujobi Amadi