He urged their intervention in the prevailing insecurity, economic meltdown, unemployment and general infrastructure decay in the country, maintaining that they hold the solution to the ‘wobbling and fumbling’ national economy.
He stressed that the aspiration of every country was to increase national wealth and improve the wellbeing of the citizenry.
The former Dean in the institution’s Faculty of Education added that formal training “contributes significantly to productivity when provided in the right quality and in an enabling environment that lays the bedrock of economic development.”
Delivering the 2018 yearly Independence Lecture of Satellite Baptist Church on Sunday in Lagos, he reminded Nigerians about the significance of the 58th anniversary of nationhood.
He said: “A degree is not equivalent to education nor economic development, but when learning is purposeful, creativity blossoms leading to innovation; when innovation is fully lit, the economy blossoms.”
Olaniyonu regretted that Nigeria had gained independence politically on October 1, 1960 but remained economically dependent ever since.
“Our importation is greater than the exportation which can drastically sharpen the economy to experience waterloo,” he said.
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