Investment in education rewarding – report

2 months ago 8
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A report by the HP Futures initiative, in partnership with the Global Learning Council and T4 Education, said investing in education in Nigeria and globally is essential for future success, especially during times of economic challenges.

According to T4 Education, this recommendation is rooted in extensive research including a 2020 study from the Washington Center for Equitable Growth which found that every $1 spent on education leads to a $1.66 return in economic activity later on, with greater effect during a recession

A statement by T4 Education said that The HP Futures initiative, convened by global technology leader HP in partnership with the Global Learning Council and T4 Education, gathered more than 100 education and policymaking experts including former heads of state, education ministers, academics, educators, and leaders from NGOs and businesses, from around the world, including Nigeria, to develop a set of practical recommendations to close learning gaps, particularly as the world is on course to miss the United Nations Sustainable Development Goal 4 to achieve universal quality education by 2030.

The HP Futures initiative sought to address these challenges, and the inaugural report suggested actions that could improve access to a good education.

They include, “Redesigning education systems to create schools and curricula fit for tomorrow. Having a genuinely effective approach to AI; implementing a hybrid schooling system with a mix of asynchronous and synchronous learning formats; centering social and emotional learning skills in curricula; no longer mirroring an outdated industrial system by separating subjects; reforming assessment to ensure greater equality of outcomes; reforming curricula to focus on instilling a sense of agency in young people when it comes to tackling the climate crisis.

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