Investor Presentaiton

FSS 2020 INANCIA SYSTEM RATEGY FSS 2020 Where we Are: Knowledge Input "It is a lack of investment in human capital, not a lack of investment in physical capital alone, which prevents poor countries from catching up with rich ones. Educational attainment and public spending on education are correlated positively to economic growth" - Benhabib and Spiegel, 1994 Import of physical capital is less costly than the domestic development of human capital and technical expertise R&D as % of GDP # Universities 0.3 2.1 1.8 2.7 Nigeria 75 Singapore 20 Taiwan Korea XX 415 1 XX XX Population (MM) (1) 154 2005 Survey: Lagos ICT & Nnewi Auto Clusters Human Capital Support Lagos Nnewi Result Secondary Education Weak Weak Weak Tertiary Education Weak Weak Weak Weak Weak Weak R&D Training Weak Weak Weak Skilled Manpower Weak Weak Weak 1 2007 IMF estimates 8 Banji Oyelaran-Oyeyinka

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