Unlocking Potentials in Developing Country through Education: A Panacea for Economic Growth and Poverty Alleviation

Abstract

Poverty continues to be the major issue confronting several developing economies around the world. In Nigeria, Poverty remain a major problem manifesting itself in several indicators of socio-economic well being such as life expectancy, literacy level, crime rate, terrorism to mention a few. It seems obvious that most poor people in Nigeria cannot provide the basic needs of life for themselves. Successive government has been noted have made efforts towards poverty alleviation to no avail. This paper focus on the importance of education as the major tool in alleviating poverty, as no country can succeed without educating her people. Education holds the key to expand opportunity, power to escape poverty and influence decisions. It leads to more secure and fulfilled life. The paper further made recommendations to Nigeria government towards the adequate running and funding of her educational institutions in order alleviate poverty among her citizens.

DOI: 10.5901/mjss.2014.v5n23p868