The Tertiary Education Trust Fund (TETFund) has restated its commitment to support the nation’s quest to achieve a knowledge-based economy that is largely driven by creativity and research.
Executive Secretary of the Fund, Professor Elias Suleiman Bogoro, stated this in Abuja Monday while receiving the Chief Economic Adviser to the President, Dr Doyin Salami, who paid him a courtesy visit in his office.
While stressing the importance of the visit, Bogoro said the trend is that most successful countries today had abandoned resource-based economy and adopted knowledge-based economy, hence, Nigeria cannot be an exception.
“When a Chief Economic Adviser to the President visits any organisation at a time like this, especially a body committed to tertiary educational institutions in the coountry, what is clear is underlining the relevance of education sector to the economy.
“This could not be otherwise in the 21st century when knowledge economy perfected by research and innovation, creativity and deepening of research specifically is the main thing,”Bogoro said.
On his part, the Presidential Adviser commended TETFund for making efforts to shift from infrastructural development to a content-based approach, saying that it is something that needed to be intensified so that Nigeria would be able to solve its national problems.
Salami called for more focus on projects that promote innovation and entrepreneurship as they are vital to the development of a nation.
“As a nation, if we are going to develop to the benefits of our people, it is not about GDP growth, it is about economic development that is beneficial to all Nigerians,” Salami said.