By Muhammad Opeyemi
The International Association for Economics Educators (IAEE) has called on universities and economic educators to encourage innovations and entrepreneurial spirit among students.
TheNewsZenith reports that Prof. Joseph Onuoha, IAEE’s President, said such encouragement would enhance economic resilience.
Onuoha made the call at the Seventh Annual National Conference of the association on Wednesday in Lagos.
TheNewsZenith also reports that IAEE, in collaboration with the Lagos State University (LASU), organised the conference.
The theme of the conference is: “Economic Resilience: Navigating Global Challenges“.
The association president noted that Nigeria
He said that Nigeria needed to consistently develop critical thinking and problem-solving skills in universities to boost the economy.
”In a time, marked by unparalleled disruption to the global economy, the notion of economic resilience has become paramount.
”Such disruptions range from financial crises and pandemics to climate change and technological upheaval.
”Economic resilience denotes an economy’s capacity to withstand shocks, adjustable to disturbances and recuperate rapidly while maintaining sustained long-term growth.
”Economies must not only endure crises, but also prosper amidst hardship,” TheNewsZenith quoted him as saying.
He noted that the capacity to address uncertainty, distinguishes stagnation from growth.
This is either by diversifying businesses, innovating or establishing robust social safety nets.
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Onuoha explained that one of the visions of the association is to provide a forum for exchange of ideas on best practices and researches.
”Advocating on an international level, standards for economics education curriculum, is very important,” he said.
In her remarks, the Vice-Chancellor of LASU, Prof. Ibiyemi Olatunji-Bello, said a resilient economy required diversification and investment in critical sectors.
Olatunji-Bello listed such sector as agriculture, manufacturing, technology and infrastructure.
TheNewsZenith reports that the VC spoke through Prof. Olufunsho Omobitan, the institution’s Deputy Vice-Chancellor (Academics).
Olatunji-Bello said that Nigeria’s economic resilience was closely tied to recent global trends.
Such trends sre the aftershocks of the COVID-19 pandemic, international conflicts and fluctuating oil prices.
”As an oil-dependent country, Nigeria is vulnerable to external shocks, which reinforces the need for strategic economic reforms.
”However, such reforms must be implemented with care, ensuring that they are equitable and transparent,” she said.
Prof. Gabriel Akindoju, LASU’s Deann of Faculty of Education, said the conference was timely and crucial.
Akindoju said knowledge from conference would help to improve economic resilience and education for sustainable economic growth.
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