The Oracle
The Oracle: Imperatives of Strategic Economic Reforms in Nigeria’s Quest for Sustainable Economic Development (Pt.5)
Published
5 months agoon
By
Eric
By Prof Mike Ozekhome SAN
INTRODUCTION
The last part of this treatise recommended a range of measures for resettling the agenda of our economic transformation such as project financing, diversification and public-private partnership. This week’s episode continues that theme with the following suggestions: Human Capital Development, Military Tightening, Enhancing Infrastructural Development, Strengthening Governance/Fighting Corruption, Leveraging Regional and Global Trade Opportunities, Fostering Entrepreneurship and Innovation, Strengthening and Security and Stability. Enjoy.
HUMAN CAPITAL DEVELOPMENT
A country’s greatest asset is its people, and for Nigeria to be competitive in the global economy, it must invest in its human capital. Despite having the largest population in Africa, Nigeria has struggled to fully leverage its human resources due to inadequate investment in education and healthcare. As of 2020, Nigeria’s literacy rate stood at 62.02%, which, although an improvement over previous decades, remains below the global average (Macrotrends. (n.d.). Nigeria literacy rate 1991-2023. Macrotrends. <https://www.macrotrends.net/global-metrics/countries/NGA/Nigeria/literacy-rate>. Accessed on the 1st of October, 2024.) .
Education reform is a critical part of Nigeria’s path to global competitiveness. The country has one of the highest numbers of out-of-school children, with an estimated 13.2 million Nigerian children not attending school. This is particularly pronounced in the northern regions, where insecurity and poverty have kept many children, especially girls, out of the education system.
The Nigerian government must prioritize education by increasing public spending, which currently accounts for only 6% of the national budget, far below the UNESCO-recommended 15-20%. This increased funding should be directed towards improving the quality of education, building new schools, training teachers, and expanding access to education, particularly in underserved regions. In addition, the government should promote vocational training and technical education to equip young Nigerians with the skills needed for the 21st-century job market.
Healthcare is another critical area that requires urgent reform. Nigeria’s healthcare system is underfunded, understaffed, and overstretched, resulting in poor health outcomes. The life expectancy in Nigeria is 54.33 years, one of the lowest in the world (Onwube, O., Chukwu, A., Ahamba, K., Emenekwe, C., & Ogwuwike, M. (2021). Determinants of life expectancy in Nigeria: An autoregressive distributed lag approach. Journal of Sustainability Science and Management, 16, 177-192. <https://doi.org/10.46754/jssm.2021.12.012>. Accessed on the 1st of October, 2024.), while maternal and infant mortality rates remain alarmingly high. To improve healthcare, the government must increase healthcare spending and ensure that resources are distributed equitably across the country. The focus should be on primary healthcare, which forms the backbone of a robust healthcare system.
Moreover, Nigeria must address the brain drain of healthcare professionals, many of whom leave the country for better opportunities abroad. This can be achieved by improving working conditions, increasing salaries, and providing better training and career development opportunities for healthcare workers. By investing in education and healthcare, Nigeria can build a workforce that is healthy, skilled, and capable of driving economic growth. Human capital development is essential for Nigeria to compete in a globalized economy, where innovation, knowledge, and skills are the keys to success.
MONETARY TIGHTENING
The Central Bank of Nigeria should continue its recently announced monetary policy stance of tightening the money supply for the next 24 months at least until inflation is brought under firm control in the single digits. At a moment of crisis such as this, a choice must be made between macroeconomic stability, in particular price stability and growth.
Some have criticized the central bank’s rate hike by a dramatic 400 basis points (4%), noting that Nigeria’s present hyperinflation is more cost-push in nature than demand-pull. This criticism, while understandable, does not consider the full picture. First, forex instability is a major cause of cost-push inflation. Loads of Naira sloshing around in loose monetary conditions contribute to the huge demand pressure on the US dollar and other foreign currencies as capital flight intensifies. This vicious cycle must be broken. Doing so will help achieve both price stability and exchange rate stability in the medium term. It is also calculated to increase confidence among investors, who need attractive yields to bring in portfolio investments that will help stabilize the exchange rate and do not wish to invest in high-inflation environments that erode value.
The CBN must also keep an eye on financial stability, as high interest rates will stress the ability of businesses to repay or obtain loans. Non-performing loan rates will likely increase. The CBN must now proactively wear its risk management hat to manage the implication of its newfound hawkish monetary policy stance for the banking sector. Granted, the CBN’s actions may be geared more toward the short or medium-term, and the Bank needs to develop a longer-term perspective regarding its mandate. But the Bank’s efforts are part of a necessary multidimensional onslaught. Our weakest link in the financial sector, however, remains Nigeria’s fiscal management.
ENHANCE INFRASTRUCTURE DEVELOPMENT
Modern infrastructure is the backbone of economic progress. Nigeria must invest heavily in critical infrastructure like energy, transportation, and digital connectivity. The power sector, which remains a bottleneck for industrialization, requires urgent reforms, including privatization of transmission and distribution networks and investment in renewable energy sources like solar and wind. The success of Morocco’s Noor Solar Project demonstrates how renewable energy can reduce power deficits and contribute to sustainable growth.
Transportation networks—roads, railways, and ports—must also be upgraded. Public-Private Partnerships (PPPs) should be leveraged to fund large-scale infrastructure projects, while digital infrastructure should be expanded to connect rural areas, enabling broader economic participation and fostering innovation in the tech sector.
STRENGTHEN GOVERNANCE AND FIGHT CORRUPTION
Good governance is essential for sustainable development. Nigeria must strengthen anti-corruption institutions, such as the Economic and Financial Crimes Commission (EFCC), and ensure their independence from political interference. Adopting technology-driven solutions like e-governance platforms can increase transparency in public procurement and budgeting processes, reducing opportunities for graft.
Policy consistency is another critical element. To attract long-term investments, Nigeria must provide a stable and predictable regulatory environment. This includes clear policies on taxation, foreign exchange, and trade that transcend political cycles and inspire investor confidence.
LEVERAGE REGIONAL AND GLOBAL TRADE OPPORTUNITIES
Nigeria’s participation in the African Continental Free Trade Area (AfCFTA) offers immense potential for economic transformation. To maximize the benefits of AfCFTA, Nigeria must address trade bottlenecks such as poor customs procedures and non-tariff barriers. Streamlining these processes will enable Nigerian businesses to compete effectively in regional markets.
Moreover, Nigeria should focus on developing export-oriented industries, such as textiles, processed foods, and machinery. Establishing trade facilitation hubs and logistics parks in key regions can boost efficiency and attract foreign direct investment (FDI). Nigeria can draw inspiration from Kenya, which has successfully positioned itself as an East African trade hub through investments in trade infrastructure.
PROMOTE ENVIRONMENTAL SUSTAINABILITY
Environmental sustainability is integral to long-term development. Nigeria must transition to a green economy by investing in renewable energy, promoting sustainable agriculture, and implementing robust environmental protection policies. The adoption of climate-smart farming techniques can improve agricultural productivity while conserving natural resources.
Efforts to reduce pollution, particularly in the Niger Delta, and reforestation initiatives to combat desertification are equally critical. Establishing a green bond program, as seen in South Africa, can mobilize funding for environmentally sustainable projects while contributing to global climate goals.
FOSTER ENTREPRENEURSHIP AND INNOVATION
Entrepreneurship is a key driver of economic growth. Nigeria’s burgeoning tech ecosystem, evidenced by companies like Flutterwave and Paystack, demonstrates the potential of innovation. To further nurture this ecosystem, the government should provide grants, tax incentives, and access to funding for startups. Expanding digital infrastructure to underserved areas will also enable more entrepreneurs to participate in the digital economy.
Creating business incubators and innovation hubs across the country can provide young entrepreneurs with mentorship, resources, and market access. Streamlining business registration processes and reducing bureaucratic hurdles will further encourage entrepreneurship.
STRENGTHEN SECURITY AND STABILITY
Insecurity remains a significant impediment to investment and economic growth. Addressing this challenge requires a multi-faceted approach that includes military action against insurgents, community-driven development programs, and social interventions to reduce poverty and unemployment. Building trust between security agencies and local communities is critical for fostering long-term stability.
CONCLUSION
In conclusion, the pursuit of strategic economic reforms in Nigeria represents an imperative step toward unlocking the nation’s immense potential and charting a course for sustainable development. The challenges Nigeria faces overreliance on oil, inadequate infrastructure, pervasive corruption, and widespread unemployment are deeply entrenched but not insurmountable. These systemic issues require bold, innovative solutions that prioritize economic diversification, good governance, human capital development, and environmental sustainability.
As highlighted, Nigeria’s demographic structure, abundant natural resources, and participation in regional and global trade initiatives present unparalleled opportunities. Harnessing these assets requires deliberate policy consistency, robust institutional frameworks, and unwavering leadership. A shift towards a diversified economic model, exemplified by countries like Malaysia and Botswana, illustrates that transformation is achievable through strategic planning, investment in key sectors like agriculture and technology, and prudent management of resources.
The foundation of these reforms must rest on the pillars of accountability, inclusiveness, and innovation. Empowering Nigeria’s youth, the country’s most valuable asset, through education, digital literacy, and entrepreneurial support can catalyze a wave of creativity and productivity. Similarly, leveraging renewable energy and sustainable practices can mitigate environmental challenges while addressing the country’s energy deficits.
Ultimately, Nigeria’s journey toward economic resilience and global prominence will demand a collective effort from all stakeholders, including the government, private sector, and civil society. The rewards of this transformation; a thriving economy, reduced poverty, and a higher standard of living are well worth the effort. With strategic foresight and decisive action, Nigeria can overcome its challenges and realize its vision of becoming a global economic powerhouse.
By committing to these reforms, Nigeria not only secures its future but also positions itself as a beacon of hope and inspiration for the African continent and beyond. (The end).
THOUGHT FOR THE WEEK
“Sustainable development is the pathway to the future we want for all. It offers a framework to generate economic growth, achieve social justice, exercise environmental stewardship and strengthen governance”. – Ban Ki-moon.
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The Oracle
The Oracle: The University As Catalyst for Societal Development (Pt. 6)
Published
4 days agoon
January 30, 2026By
Eric
By Prof Mike Ozekhome SAN
INTRODUCTION
The last episode of this intervention examined the following core functions of universities as tools for societal development; character formation and value inculcation; research and innovation; economic development; civic engagement and social responsibility; cultural and global influence; social mobility and equity. This week, we shall continue with same theme-focusing on political development; cultural and social transformation. We will thereafter outline the challenges posed to those roles by such factors as underfunding and infrastructural decay and academic brain-drain. Enjoy.
CORE FUNCTIONS OF UNIVERSITIES AS TOOLS FOR SOCIETAL DEVELOPMENT (CONTINUES)
Social Mobility & Equity
One of the most profound contributions of the university to societal development is its role in advancing social mobility and equity. At its best, the university serves as a ladder, a structure through which individuals can ascend beyond the limitations imposed by birth, background, or circumstance. For those born into poverty, marginalization, or restricted opportunity, the gates of a university are not merely doors into lecture halls—they are portals to a transformed life. Education at this level arms the disadvantaged with skills, credentials, and networks that can dramatically alter the trajectory of both their personal fortunes and the fortunes of the communities from which they come.
Empirical evidence substantiates this reality. Research by The Sutton Trust reveals that young people from low-income homes who attend university are four times more likely to achieve upward social mobility than their peers who do not. The study further notes that while elite institutions play a role, even less selective universities are critical engines of social advancement, enrolling large numbers of disadvantaged students who go on to secure higher-paying roles and greater social standing. This shows that the university does not merely reproduce privilege. It has the capacity to disrupt it, provided it remains accessible and responsive to the needs of wider society.
Beyond individual ascent, universities contribute to societal equity by narrowing class-based disparities. They create a relatively level platform where students from diverse backgrounds can compete on the same intellectual field. In this regard, the OECD report Equity in Education: Breaking Down Barriers to Social Mobility emphasizes that when educational systems are designed to promote fairness, students from different socio-economic backgrounds achieve more comparable outcomes in learning, well-being, and professional life.
This is not only a moral good; it is a civic necessity. A society where upward mobility is possible is a society less fractured by resentment, instability, and despair.
In the wider sense, the university’s pursuit of equity strengthens the social fabric itself. Graduates who have risen through the crucible of disadvantage often become symbols of possibility for their communities. Their success challenges fatalistic narratives that consign the poor to perpetual poverty, inspiring others to strive. Furthermore, by producing leaders, innovators, and professionals from diverse backgrounds, universities ensure that the corridors of power, policy, and influence are not monopolized by the privileged few, but reflect the pluralism of the society they serve.
In sum, the university as a catalyst for social mobility and equity is not a theoretical ideal but a demonstrable fact. It provides the opportunity for disadvantaged individuals to rise, contributes to a fairer society, and in doing so, strengthens the moral, economic, and political foundations of a nation. As long as universities remain committed to widening access and supporting success across socio-economic divides, they will continue to be engines not merely of knowledge, but of justice and transformation.
Political Development
One of the most profound contributions of the university to societal development lies in its role as a crucible for political development. A healthy society does not stumble into good governance; it must intentionally raise leaders, nurture public servants, train policy experts, and instill civic consciousness in its citizens. The university is the most natural and potent environment for this training because it combines intellectual discipline with exposure to real societal challenges. Within its walls, young minds are sharpened not only by textbooks but by debates, student politics, and the constant testing of ideas against reality. Thus, the university is not merely a factory of professionals but a nursery of statesmen.
Universities function as training grounds for political leaders, administrators, and policy thinkers who later become the architects of national progress (Time, “It’s Time Africa Had Its Own Harvard.’ Inside a University Training African Leaders to Solve African Problems” https://time.com/5603886/african-leadership-university-mauritius-fred-swaniker/). Institutions such as the African Leadership University (Mauritius) and Senghor University (Egypt) were designed with this vision in mind. The former grooms young Africans to tackle pressing issues like climate change, governance, and entrepreneurship by applying knowledge directly to leadership challenges. The latter, founded in 1990, deliberately trains cadres in public administration, international cooperation, and policy development to equip Africa with leaders capable of addressing its development needs. These examples reveal that universities are more than academic sanctuaries; they are political incubators shaping the competence and vision of future governance.
Equally important, universities act as laboratories of democracy and civic activism. History demonstrates that some of Africa’s greatest liberators and political thinkers first tasted civic responsibility in the university environment. The University of Fort Hare in South Africa stands as a monumental example (Wikipedia, “University of Fort Hare” https://en.wikipedia.org/wiki/University_of_Fort_Hare?utm). It produced Nelson Mandela, Oliver Tambo, Robert Sobukwe, Julius Nyerere, and Robert Mugabe—figures who later became the faces of African liberation and governance Fort Hare was not simply an academic space; it was a political furnace where the ideas of freedom, equality, and justice were hammered into steel. This legacy underscores that the democratic consciousness of nations is often first awakened in their universities.
In contemporary Africa, universities continue to serve as strongholds for human rights, democracy, and civic resilience. The University of the Western Cape has institutionalized this role by hosting the African Universities Hub for Human Rights (AUH). Through summer schools and training programs, it equips human rights defenders and civic actors with strategies to strengthen democracy and resist authoritarian drift.
In sum, the university plays a catalytic role in political development by producing leaders, sharpening public administrators, cultivating policy expertise, and incubating civic consciousness. Societies that neglect this function risk raising generations of technically skilled graduates but politically barren citizens.
Cultural and Social Transformation
Universities are not merely academic institutions; they are crucibles of cultural and social transformation, playing powerful roles in shaping values, identities, and movements that redefine societies. Through their educational and research activities, universities nurture and reinforce social norms. Subjects like sociology, anthropology, and gender studies help students understand societal dynamics; whether appreciating the need for democratic governance or confronting entrenched caste and class structures, thus guiding reflection and change (https://teachers.institute/higher-education-its-context-and-linkages/higher-education-social-stability-change/? > Accessed on 9th September, 2025). Institutions also foster identity formation through community rituals, academic traditions, and public intellectualism. Universities that actively promote diversity and inclusivity further shape institutional culture. For example, the University of Rijeka in Croatia has implemented a Gender Equality Plan (2021–2025) (https://uniri.hr/wp-content/uploads/2024/10/University-of-Rijeka-Gender-Equality-Plan-2021-2025_signature.pdf> Accessed on 9th September, 2025), embedding gender perspectives across its curriculum, institutional policies, and organizational culture. Similarly, Nelson Mandela University in South Africa has made deliberate efforts to normalize female leadership, appointing women to key roles such as Vice-Chancellor, Chancellor, Deputy Vice-Chancellor, and most deanships—demonstrating how universities can lead shifts in cultural expectations and identity norms (https://iol.co.za/news/south-africa/2025-01-14-nelson-mandela-university-leads-gender-transformation-in-academia/> Accessed on 9th September, 2025).
Across the globe, universities have also become battlegrounds and incubators for gender equality and inclusion. Times Higher Education’s 2025 list of top universities advancing the UN SDG 5 (gender equality) includes institutions like Walailak University in Thailand, which actively supports this (https://www.timeshighereducation.com/student/best-universities/top-universities-tackling-gender-equality? > Accessed on 9th September, 2025). Charles Darwin University in Australia shows a different but equally impactful example: it partnered with Our Watch—a national violence prevention organization—to eliminate gender-based violence and promote gender equality across its campuses through curriculum updates, staff training, revised policies, and outreach programs (https://www.couriermail.com.au/subscribe/news/1/?sourceCode=CMWEB_WRE170_a_GPT&dest=https%3A%2%2Fwww.couriermail.com.au%2Fnews%2Fcdu-partners-with-our-watch-to-combat-gender-violence-and-promote-equality-across-campuses%2Fnews-story%2F9d46cdfc400682895c08f1cd11fa01aa&memtype=anonymous&mode=premium&v21=GROUPA-Segment-2-NOSCORE> Accessed on 9th September, 2025). In Africa, Honoris United Universities has played a notable role in promoting gender equity across its campuses and alumni network. Their gender-focused programs, including a virtual bootcamp that engaged 540 women entrepreneurs, and sustained efforts to increase female participation in STEM, demonstrate the power of inclusive education to catalyze socio-economic transformation (https://honoris.net/education-for-impact/community-initiatives/gender-equity-pan-african-initiatives-for-catalyzing-change/ > Accessed on 9th September, 2025).
Universities are also frequently epicenters of protest, resistance, and reform. More recently, European campuses have become rallying grounds for political expression, as seen in widespread protests against the Gaza war in 2024 (https://www.lemonde.fr/en/international/article/2024/05/17/protests-against-gaza-war-take-hold-across-european-campuses_6671727_4.html> Accessed on 9th September, 2025). Indian higher education has produced thought leaders such as Dr. B.R. Ambedkar and Medha Patkar, who used their university experiences as platforms for social justice and environmental activism, demonstrating how campuses can nurture reform-minded leaders committed to equity and democracy (https://teachers.institute/higher-education-its-context-and-linkages/universities-social-change-leadership/google_vignette> Accessed on 8th September, 2025).
Taken together, these examples demonstrate that universities wield profound influence beyond academics. They shape societal values, challenge entrenched norms, and foster identity through scholarship and inclusive culture. They promote social justice and gender equality via proactive institutional policies, outreach, and partnerships. Most importantly, they serve as vibrant spaces for social movements and reform, giving rise to leaders and movements that transform nations.
CHALLENGES HINDERING UNIVERSITIES AS CATALYSTS
Underfunding and Infrastructural Decay
In the grand drama of societal progress, the university ought to be the altar where knowledge is forged, innovation is sparked, and ethical leadership is nurtured. Yet, this noble sacrament is desecrated when the institutions themselves are starved, starved of funds, starved of capacity, starved of dignity. Underfunding is not a mere budgetary gap; it is the severance of the lifeline that binds society’s promise to its tomorrow.
Across Nigeria, the scars of neglect are unmistakable. At the University of Ibadan, once a temple of learning, lecture theatres now bear cracked walls, peeling paint, and leaking roofs; roofs under which the flicker of erudition struggles to glow. Trenchard Hall, symbol of legacy, is now more memorial than monument. Students endure broken seats, dim lighting, erratic power that forces reliance on noisy generators, and water scarcity that sullies hygiene. The libraries (vaults of intellect) are diminished by antiquated facilities and limited spaces. This is no allegory. It is the everyday reality (Independent, “University Of Ibadan: A Legacy Under Threat Of Decaying Infrastructure” https://independent.ng/university-of-ibadan-a-legacy-under-threat-of-decaying-infrastructure/?utm).
Brain Drain of Academics
The university, ideally a crucible of ideas, innovation, and national advancement, is being hallowed out, not by design, but by neglect. The exodus of academics from Nigeria, committed scholars, researchers, lecturers emigrating in search of sustenance and scholarly dignity, is not a mere migration. It is a hemorrhage of the mind and conscience. A man of the world must call this what it is: a betrayal of potential, a systemic failure, and a moral wound.
In Nigeria, the push factors are undeniable: chronically low salaries, delayed allowances, incessant strikes, insecurity, and the corrosion of academic autonomy all conspire to drive brilliant minds abroad. Lecturers earning a mere ₦195,000 monthly (around US $195), while their peers in Niger or Chad earn more, demonstrate the absurd disparity that compels intellectual flight (Dateline, “The Persistent Brain Drain in Nigeria’s University System” https://dateline.ng/the-persistent-brain-drain-in-nigerias-university-system/?utm). The weight of poor compensation, compounded by delayed Earned Academic Allowances (EAA), overwhelm moral appeals; the youth of academia (the most promising) flee when their dignity is denied. (To be continued).
THOUGHT FOR THE WEEK
“Education is the most powerful weapon which you can use to change the world” – Nelson Mandela
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The Oracle
The Oracle: The University As a Catalyst for Societal Development (Pt. 5)
Published
2 weeks agoon
January 23, 2026By
Eric
By Prof Mike Ozekhome SAN
INTRODUCTION
The last instalment of this treatise examined the theoretical frameworks and models linking university education to Societal Developments; Modernization Theory; Social Learning Theory; Dependency Theory and Knowledge Economy Theory. This week’s feature continues same theme with the Tripple-Helix Model. Later, we shall examine The Role of Universities as Tools for Societal Development. Enjoy.
CORE FUNCTIONS OF UNIVERSITIES AS TOOLS FOR SOCIETAL DEVELOPMENT (CONTINUES)
Character Formation and Values
One of the most profound contributions of the university to societal development lies not in laboratories or lecture halls, but in the shaping of character and the cultivation of values. A nation does not collapse because it lacks resources; it collapses because it lacks men and women of integrity to administer those resources. Thus, while universities are often celebrated as centers of intellectual training, their deeper and more enduring mandate is to mold individuals whose lives are governed by honesty, responsibility, discipline, and accountability. A degree may secure a desk, but only character secures trust—and trust is the currency of every lasting institution.
The university, when functioning at its highest ideal, is not merely a dispenser of certificates but a forge of virtue. It is a place where the youthful energy of students is refined into principled citizenship. Within its walls, young men and women are exposed not only to technical skills but also to systems of discipline, codes of conduct, and ethical debates that prepare them to lead with conscience as well as competence. In shaping values such as respect for truth, fidelity to promises, and reverence for justice, the university forms the bedrock upon which any sustainable development must rest. Research confirms that this role is neither abstract nor ornamental. A mixed-method study on Iranian universities found that moral character—encompassing virtues, social responsibility, and ethical learning—significantly influenced both academic performance and civic maturity. The study concluded that fostering moral character within the university environment directly enhances students’ contributions to society.
Similarly, the Jubilee Centre for Character and Virtues at the University of Birmingham emphasizes that higher education must cultivate “holistic character development” as a foundation for societal flourishing. Their Framework for Character Education in Universities stresses that virtues like integrity, resilience, and empathy are not optional add-ons, but essential outcomes of a complete education.
The implication is clear: societies that neglect character education, even while producing skilled professionals, risk raising a generation of clever rogues—men and women who know how to manipulate systems but not how to steward them. Corruption, injustice, and exploitation are rarely the fruits of ignorance; they are the products of unformed character. By contrast, a university that deliberately prioritizes moral formation produces leaders who are trustworthy, citizens who are responsible, and professionals who recognize that true progress is not measured merely in profit, but in justice, dignity, and accountability.
In this sense, the university is a moral compass for the nation. It does not simply transmit knowledge—it transmits values that safeguard the soul of society. And where such values are missing, no amount of technical expertise can prevent decay. Therefore, strengthening universities in their role as cultivators of character is not just an academic necessity; it is a national imperative.
Research and Innovation
The university as aforementioned is a hub for research and innovative discoveries that further mankind in different spheres. Research promotes critical and analytical thinking leading to new knowledge and better understanding of one’s field of study. Further, the significance of research is compounded by the fact that it often leads to innovation which in turn contributes to a growing national economy. The university system in basic and applied researches has made significant contributions to the world/field of science, technology and policy. Student and educators alike, involve themselves in deep research amounting advances in important fields such as the medical field, helping with the formulation of vaccines and medications as well as helping to deepen the understanding and understanding of diseases, bringing us a step closer to formulating cures.
Courses such as robotics have aided in the creation of machines which have helped in the development of the society and nations at large by allowing for ease and speed in certain tasks, even in the creation of Artificial Intelligence which now aids research amongst a number of things in vast fields of study.
The university in providing the intellectual foundation, empirical evidence, and innovative ideas necessary for informed decision-making and progress, allows for innovative thinking amongst humans aiding the development of societies in policy formulation that better the coexistence of nations and societies.
Universities often provide resources and support for both faculty and students to develop entrepreneurial skills and launch new ventures, including spin-off companies. They administer research grants and funding opportunities to support faculty in exploring new research ideas and developing innovative solutions, thereby encouraging innovation and creative thinking.
Economic Development
The university system aids economic development through the creation of job opportunities in its various faculties. It allows for employment of teachers, researchers, even down to construction workers and cleaning services, thereby reducing unemployment rates in societies. The University is usually of hub of commerce and serves as a local economic stimulus through the creation of demand by the students and staff as well the institution itself spending on local goods and services, and by increasing the “supply side” of the economy through the development of human capital (skilled graduates) and innovation (research and technology). These contributions enhance the local workforce, attract new businesses, help existing ones innovate, and generate a multiplier effect from increased local expenditures. They also attract students from other region who will be in need of housing, food and other services encouraging the building of infrastructure.
This directly create the need for the establishment of businesses necessary for the smooth running of the university, such printing businesses, restaurant, demands which are then supplied by the local populace of the location of the university, reducing unemployment in the area and serving as an opportunity for a sustainable source of income for the local populace.
Human capital development is another major way in which universities contribute to economic growth. By educating a skilled and adaptable workforce, universities equip individuals with the knowledge and competencies needed to meet the demands of an evolving labor market. Regions with strong university systems tend to attract employers looking for a well-educated workforce, which can lead to higher wages, increased productivity, and greater economic competitiveness.
Furthermore, universities create an opportunity for regional development. As aforementioned, due to sudden demand in the region due to the establishment of the university, there is attraction talents, influx of entrepreneurs as well as the building of infrastructure, this inevitably urbanizes the region. This urbanization transforms economically depressed regions into vibrant innovation hubs, demonstrating the strategic importance of higher education institutions in shaping regional economies.
1. Civic Engagement and Social Responsibility
Universities affect not only the intellectual prowess of individuals but engages their sense of civic engagement and social responsibility. Being an institution of higher learning it focuses not only on being an incubators for critical thinking, but encourages ethical reasoning as well as social awareness. Through the structured academic programs, extracurricular activities, and community-based initiatives, universities help students understand their role within society and encourage them to become active and responsible citizens.
On one hand, many universities partner with local governments, non-profits, and schools to address pressing community needs. These partnerships often include joint research projects, educational outreach programs, and economic development initiatives. By aligning academic resources with social impact goals, universities demonstrate a model of institutional responsibility that extends beyond campus boundaries, and serve as first hand examples to the students. Universities provide a platform for democratic dialogue and sharing of ideas, through events, publications, or reports to policy makers.
Through the encouragement of unions for students, the university allows for a civic, social and political consciousness. The conduction of electoral campaigns, elections as well as other student union affairs such as altruistic activities, the university helps to fight civic apathy and awakens the sense of responsibilities of individuals.
The universities being such a diverse community exposes individual to an innumerable number of cultural backgrounds and ideologies, and nurture a broader worldview in the minds of individuals as well as cultivates tolerance and empathy. This is a necessary attribute for the creation of a society of responsible citizens. The diversity forces individual to confront their biases and see things from different viewpoints and broaden their knowledge of issues and concepts. It allows for the learning of peaceful exchange alternatives ideas, laying the groundwork for more inclusive and equitable civic participation.
Universities significantly influence civic engagement and social responsibility by shaping students’ values, knowledge, and actions. Through academic programs, community partnerships, and diverse campus experiences, they prepare individuals to participate meaningfully in public life.
2. Cultural and Global Influence
Modern universities are a power force for cultural sharpening as well as preservation and exerting global influence. Universities contribute significantly to how societies develop, preserve, and share their cultural identities. The presence of students from diverse cultural backgrounds enriches campus environments, it allows for cross-cultural dialogue and provides the opportunity for deepened understanding of diverse cultural experiences among domestic students and communities. Universities often engage with the local community, serving as important partners in regional growth and cultural activities.
Culturally, universities serve as custodians and creators of knowledge, history, art, and language. They preserve cultural heritage through research, archives, museums, and literature while simultaneously pushing cultural boundaries through new forms of artistic and academic expression. Faculties of humanities, fine arts, and social sciences explore cultural practices, critique societal norms, and inspire reflection and change. Through lectures, exhibitions, performances, and publications, universities influence public discourse and help shape national and international cultural narratives.
Universities are key contributors to cultural vitality and global influence. They promote cultural preservation and innovation, foster international understanding, and serve as bridges between nations and peoples. As the world faces increasingly complex and interconnected challenges, the cultural and global role of universities becomes not just beneficial but essential for a more cooperative and enlightened future.
3. Social Mobility & Equity
One of the most profound contributions of the university to societal development is its role in advancing social mobility and equity. At its best, the university serves as a ladder, a structure through which individuals can ascend beyond the limitations imposed by birth, background, or circumstance. For those born into poverty, marginalization, or restricted opportunity, the gates of a university are not merely doors into lecture halls—they are portals to a transformed life. Education at this level arms the disadvantaged with skills, credentials, and networks that can dramatically alter the trajectory of both their personal fortunes and the fortunes of the communities from which they come.
Empirical evidence substantiates this reality. Research by The Sutton Trust reveals that young people from low-income homes who attend university are four times more likely to achieve upward social mobility than their peers who do not. The study further notes that while elite institutions play a role, even less selective universities are critical engines of social advancement, enrolling large numbers of disadvantaged students who go on to secure higher-paying roles and greater social standing. This shows that the university does not merely reproduce privilege. It has the capacity to disrupt it, provided it remains accessible and responsive to the needs of wider society.
Beyond individual ascent, universities contribute to societal equity by narrowing class-based disparities. They create a relatively level platform where students from diverse backgrounds can compete on the same intellectual field. In this regard, the OECD report Equity in Education: Breaking Down Barriers to Social Mobility emphasizes that when educational systems are designed to promote fairness, students from different socio-economic backgrounds achieve more comparable outcomes in learning, well-being, and professional life.
This is not only a moral good; it is a civic necessity. A society where upward mobility is possible is a society less fractured by resentment, instability, and despair.
In the wider sense, the university’s pursuit of equity strengthens the social fabric itself. Graduates who have risen through the crucible of disadvantage often become symbols of possibility for their communities. Their success challenges fatalistic narratives that consign the poor to perpetual poverty, inspiring others to strive. Furthermore, by producing leaders, innovators, and professionals from diverse backgrounds, universities ensure that the corridors of power, policy, and influence are not monopolized by the privileged few, but reflect the pluralism of the society they serve.
In sum, the university as a catalyst for social mobility and equity is not a theoretical ideal but a demonstrable fact. It provides the opportunity for disadvantaged individuals to rise, contributes to a fairer society, and in doing so, strengthens the moral, economic, and political foundations of a nation. As long as universities remain committed to widening access and supporting success across socio-economic divides, they will continue to be engines not merely of knowledge, but of justice and transformation.
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The Oracle
The Oracle: The University As a Catalyst for Societal Development (Pt. 5)
Published
3 weeks agoon
January 16, 2026By
Eric
By Prof Mike Ozekhome SAN
INTRODUCTION
The last instalment of this treatise examined the theoretical frameworks and models linking university education to Societal Developments; Modernization Theory; Social Learning Theory; Dependency Theory and Knowledge Economy Theory. This week’s feature continues same theme with the Tripple-Helix Model. Later, we shall examine The Role of Universities as Tools for Societal Development. Enjoy.
CORE FUNCTIONS OF UNIVERSITIES AS TOOLS FOR SOCIETAL DEVELOPMENT (CONTINUES)
Character Formation and Values
One of the most profound contributions of the university to societal development lies not in laboratories or lecture halls, but in the shaping of character and the cultivation of values. A nation does not collapse because it lacks resources; it collapses because it lacks men and women of integrity to administer those resources. Thus, while universities are often celebrated as centers of intellectual training, their deeper and more enduring mandate is to mold individuals whose lives are governed by honesty, responsibility, discipline, and accountability. A degree may secure a desk, but only character secures trust—and trust is the currency of every lasting institution.
The university, when functioning at its highest ideal, is not merely a dispenser of certificates but a forge of virtue. It is a place where the youthful energy of students is refined into principled citizenship. Within its walls, young men and women are exposed not only to technical skills but also to systems of discipline, codes of conduct, and ethical debates that prepare them to lead with conscience as well as competence. In shaping values such as respect for truth, fidelity to promises, and reverence for justice, the university forms the bedrock upon which any sustainable development must rest. Research confirms that this role is neither abstract nor ornamental. A mixed-method study on Iranian universities found that moral character—encompassing virtues, social responsibility, and ethical learning—significantly influenced both academic performance and civic maturity. The study concluded that fostering moral character within the university environment directly enhances students’ contributions to society.
Similarly, the Jubilee Centre for Character and Virtues at the University of Birmingham emphasizes that higher education must cultivate “holistic character development” as a foundation for societal flourishing. Their Framework for Character Education in Universities stresses that virtues like integrity, resilience, and empathy are not optional add-ons, but essential outcomes of a complete education.
The implication is clear: societies that neglect character education, even while producing skilled professionals, risk raising a generation of clever rogues—men and women who know how to manipulate systems but not how to steward them. Corruption, injustice, and exploitation are rarely the fruits of ignorance; they are the products of unformed character. By contrast, a university that deliberately prioritizes moral formation produces leaders who are trustworthy, citizens who are responsible, and professionals who recognize that true progress is not measured merely in profit, but in justice, dignity, and accountability.
In this sense, the university is a moral compass for the nation. It does not simply transmit knowledge—it transmits values that safeguard the soul of society. And where such values are missing, no amount of technical expertise can prevent decay. Therefore, strengthening universities in their role as cultivators of character is not just an academic necessity; it is a national imperative.
Research and Innovation
The university as aforementioned is a hub for research and innovative discoveries that further mankind in different spheres. Research promotes critical and analytical thinking leading to new knowledge and better understanding of one’s field of study.
Further, the significance of research is compounded by the fact that it often leads to innovation which in turn contributes to a growing national economy. The university system in basic and applied researches has made significant contributions to the world/field of science, technology and policy. Student and educators alike, involve themselves in deep research amounting advances in important fields such as the medical field, helping with the formulation of vaccines and medications as well as helping to deepen the understanding and understanding of diseases, bringing us a step closer to formulating cures.
Courses such as robotics have aided in the creation of machines which have helped in the development of the society and nations at large by allowing for ease and speed in certain tasks, even in the creation of Artificial Intelligence which now aids research amongst a number of things in vast fields of study.
The university in providing the intellectual foundation, empirical evidence, and innovative ideas necessary for informed decision-making and progress, allows for innovative thinking amongst humans aiding the development of societies in policy formulation that better the coexistence of nations and societies.
Universities often provide resources and support for both faculty and students to develop entrepreneurial skills and launch new ventures, including spin-off companies. They administer research grants and funding opportunities to support faculty in exploring new research ideas and developing innovative solutions, thereby encouraging innovation and creative thinking.
Economic Development
The university system aids economic development through the creation of job opportunities in its various faculties. It allows for employment of teachers, researchers, even down to construction workers and cleaning services, thereby reducing unemployment rates in societies. The University is usually of hub of commerce and serves as a local economic stimulus through the creation of demand by the students and staff as well the institution itself spending on local goods and services, and by increasing the “supply side” of the economy through the development of human capital (skilled graduates) and innovation (research and technology). These contributions enhance the local workforce, attract new businesses, help existing ones innovate, and generate a multiplier effect from increased local expenditures. They also attract students from other region who will be in need of housing, food and other services encouraging the building of infrastructure.
This directly create the need for the establishment of businesses necessary for the smooth running of the university, such printing businesses, restaurant, demands which are then supplied by the local populace of the location of the university, reducing unemployment in the area and serving as an opportunity for a sustainable source of income for the local populace.
Human capital development is another major way in which universities contribute to economic growth. By educating a skilled and adaptable workforce, universities equip individuals with the knowledge and competencies needed to meet the demands of an evolving labor market. Regions with strong university systems tend to attract employers looking for a well-educated workforce, which can lead to higher wages, increased productivity, and greater economic competitiveness.
Furthermore, universities create an opportunity for regional development. As aforementioned, due to sudden demand in the region due to the establishment of the university, there is attraction talents, influx of entrepreneurs as well as the building of infrastructure, this inevitably urbanizes the region. This urbanization transforms economically depressed regions into vibrant innovation hubs, demonstrating the strategic importance of higher education institutions in shaping regional economies.
1. Civic Engagement and Social Responsibility
Universities affect not only the intellectual prowess of individuals but engages their sense of civic engagement and social responsibility. Being an institution of higher learning it focuses not only on being an incubators for critical thinking, but encourages ethical reasoning as well as social awareness. Through the structured academic programs, extracurricular activities, and community-based initiatives, universities help students understand their role within society and encourage them to become active and responsible citizens.
On one hand, many universities partner with local governments, non-profits, and schools to address pressing community needs. These partnerships often include joint research projects, educational outreach programs, and economic development initiatives. By aligning academic resources with social impact goals, universities demonstrate a model of institutional responsibility that extends beyond campus boundaries, and serve as first hand examples to the students. Universities provide a platform for democratic dialogue and sharing of ideas, through events, publications, or reports to policy makers.
Through the encouragement of unions for students, the university allows for a civic, social and political consciousness. The conduction of electoral campaigns, elections as well as other student union affairs such as altruistic activities, the university helps to fight civic apathy and awakens the sense of responsibilities of individuals.
The universities being such a diverse community exposes individual to an innumerable number of cultural backgrounds and ideologies, and nurture a broader worldview in the minds of individuals as well as cultivates tolerance and empathy. This is a necessary attribute for the creation of a society of responsible citizens. The diversity forces individual to confront their biases and see things from different viewpoints and broaden their knowledge of issues and concepts. It allows for the learning of peaceful exchange alternatives ideas, laying the groundwork for more inclusive and equitable civic participation.
Universities significantly influence civic engagement and social responsibility by shaping students’ values, knowledge, and actions. Through academic programs, community partnerships, and diverse campus experiences, they prepare individuals to participate meaningfully in public life.
2. Cultural and Global Influence
Modern universities are a power force for cultural sharpening as well as preservation and exerting global influence. Universities contribute significantly to how societies develop, preserve, and share their cultural identities. The presence of students from diverse cultural backgrounds enriches campus environments, it allows for cross-cultural dialogue and provides the opportunity for deepened understanding of diverse cultural experiences among domestic students and communities. Universities often engage with the local community, serving as important partners in regional growth and cultural activities.
Culturally, universities serve as custodians and creators of knowledge, history, art, and language. They preserve cultural heritage through research, archives, museums, and literature while simultaneously pushing cultural boundaries through new forms of artistic and academic expression. Faculties of humanities, fine arts, and social sciences explore cultural practices, critique societal norms, and inspire reflection and change. Through lectures, exhibitions, performances, and publications, universities influence public discourse and help shape national and international cultural narratives.
Universities are key contributors to cultural vitality and global influence. They promote cultural preservation and innovation, foster international understanding, and serve as bridges between nations and peoples. As the world faces increasingly complex and interconnected challenges, the cultural and global role of universities becomes not just beneficial but essential for a more cooperative and enlightened future.
3. Social Mobility & Equity
One of the most profound contributions of the university to societal development is its role in advancing social mobility and equity. At its best, the university serves as a ladder, a structure through which individuals can ascend beyond the limitations imposed by birth, background, or circumstance. For those born into poverty, marginalization, or restricted opportunity, the gates of a university are not merely doors into lecture halls—they are portals to a transformed life. Education at this level arms the disadvantaged with skills, credentials, and networks that can dramatically alter the trajectory of both their personal fortunes and the fortunes of the communities from which they come.
Empirical evidence substantiates this reality. Research by The Sutton Trust reveals that young people from low-income homes who attend university are four times more likely to achieve upward social mobility than their peers who do not. The study further notes that while elite institutions play a role, even less selective universities are critical engines of social advancement, enrolling large numbers of disadvantaged students who go on to secure higher-paying roles and greater social standing. This shows that the university does not merely reproduce privilege. It has the capacity to disrupt it, provided it remains accessible and responsive to the needs of wider society.
Beyond individual ascent, universities contribute to societal equity by narrowing class-based disparities. They create a relatively level platform where students from diverse backgrounds can compete on the same intellectual field. In this regard, the OECD report Equity in Education: Breaking Down Barriers to Social Mobility emphasizes that when educational systems are designed to promote fairness, students from different socio-economic backgrounds achieve more comparable outcomes in learning, well-being, and professional life.
This is not only a moral good; it is a civic necessity. A society where upward mobility is possible is a society less fractured by resentment, instability, and despair.
In the wider sense, the university’s pursuit of equity strengthens the social fabric itself. Graduates who have risen through the crucible of disadvantage often become symbols of possibility for their communities. Their success challenges fatalistic narratives that consign the poor to perpetual poverty, inspiring others to strive. Furthermore, by producing leaders, innovators, and professionals from diverse backgrounds, universities ensure that the corridors of power, policy, and influence are not monopolized by the privileged few, but reflect the pluralism of the society they serve.
In sum, the university as a catalyst for social mobility and equity is not a theoretical ideal but a demonstrable fact. It provides the opportunity for disadvantaged individuals to rise, contributes to a fairer society, and in doing so, strengthens the moral, economic, and political foundations of a nation. As long as universities remain committed to widening access and supporting success across socio-economic divides, they will continue to be engines not merely of knowledge, but of justice and transformation.
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