KNOWLEDGE ECONOMY AND KNOWLEDGE TRANSFER IN NIGERIA EDUCATION: A SUSTAINABLE TOOL FOR GLOBAL COMPETITIVENESS.

Chinonso Anthony Ofozoba (PhD), Chukwudi Michael Nwobu, Ebube Victor Okechukwu

Abstract


The  Nigeria  state  has  not  derived  benefits  from  a  knowledge  economy hence, it still searches for more oil to explore while other nations are moving towards  Artificial Intelligence,  Research  and  Development,  and  technology, and  diversifying their economy  from a mono-product commodity  economy to  a  multi-product  commodity  economy  driven  by  knowledge.  The  study explores   the   knowledge   economy   and   knowledge   transfer   in  Nigerian education   as  a  tool for global competitiveness.  The  researchers  analyzed various conceptual views on both dependent and  independent variables for an  in-depth  understanding of the  topic.  The  study  critically examined  the Nigerian government's  intervention  in the education  system through  various programmes   and  policies  like  Tetfund  as  a  major  source  of government intervention  in  Nigeria's  tertiary  institutions.  As a  result  of  the  lackluster attitude  of the government  towards education,  citizens don't have  access to tertiary education,  unlike their counterparts  in the global south. This menace has impeded  the success of the computer  village in Lagos State  as Africa's Silicon  Valley  driven   by  knowledge.   The   study,   therefore,   found   that successive governments  in Nigeria since the advent  of the 4th   Republic  are yet to meet  UNESCO's 26%  budgetary  allocation  to education.  The study however  recommends that the Federal Government of Nigeria should  as a matter   of  necessity,   allocate   more   funds   to  education   and   encourage research  and  development and  to  produce   quality  graduates   who  could compete with their counterparts  on the global stage of events.


Keywords


knowledge, knowledge economy, knowledge transfer, Nigeria education, global competitiveness.

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