Funding education makes dollars and sense

11 September 2018 | Menings
ALBIN JACOBS WRITES:

There is an African proverb that says “Knowledge is like a garden: If it is not cultivated, it cannot be harvested.”

This proverb really sums up the crux of this column. As the economic slowdown hits us all where it hurts most, our pockets, we look at ways of cutting back. Economising, trimming the fat, tightening our belts, call it what you will.

It comes down to trying to spend less money. Makes sense, until you start looking into where we save money.

It is not just private citizens and families that are saving money, both profit and non-profit organisations are trying to cut back, as is government. When you have less money coming in, spending less is the natural step.

Spend less on groceries, luxuries, holidays, going out, prestigious building projects, "fact-finding" missions or general "nice-to-haves", keep whatever money you have for essentials like rent, mortgage, healthcare, basic foods and education. That's right, education.

Education is a basic necessity. Not just primary and secondary education but tertiary education too.

What worries me as an educator is that I see people cutting back on investing in their education. Governments start cutting budgets to tertiary institutions and overall academic excellence starts to suffer and the long-term effects are almost incalculable. It makes no sense to cut back and try to economise on education.

Even in dry years we cultivate our fields, we prepare for the rains to come. We know that only if we cultivate our fields can we expect a harvest.

If we do not keep on investing in education what will we harvest when the economy recovers?

The seed of economic recovery is education. We need a better workforce to weather the next economic storm.

The trend is global. When economic times are tough, educational investment suffers. We can't seem to help ourselves.

Spending on education is a long term investment, with the return on investment sometimes not felt for years. Whereas a new car, a new phone or a holiday gives instant gratification.

If we look around how successful nations became successful and the economic powerhouses that they are, it always leads back to a highly skilled, trained and educated workforce. Without sounding all doom and gloom, providing access, investing and stimulating further education truly is the way forward for a society to become a knowledge-based society and a skills-based economy.

This investment requires consistency. We must consistently invest in education if we want to have a stable economy and society.

A country should resolve to educate its people, young and old. Broadening their knowledge and expanding intellectual horizons. Even during tough economic times this investment will lead to improving their position within a company or organisation that they work in. Not only should the government support and invest, students, parents, families and communities should play their part in educating a nation as well.

Both publicly funded and private tertiary institutions play a vital role in this. Of course these institutions, both public and private need to be recognised and accredited by the relevant qualification authorities as well as by the future employees of the graduates.

It is easy to say that we should and must continue to invest in education, but it is vital that we do and that we find the means to do so. How else will a nation develop its future workforce for an ever more demanding working environment which is dynamic, challenging and exceedingly competitive.

So, if tough choices have to be made, let's make them together and at least be able to say in the years to come that we have provided our youth and young professionals with the opportunity to access educational skills and training and to be a contributing force to the economy. If we reflect on the proverb, we are basically waiting and expecting a harvest, but did we cultivate?

(Albin Jacobs is Director of the Southern Business School Namibia.)

Soortgelyk

 

‘Aarde lag deur haar gebarste gesig’

18 ure gelede | Weer

Ronelle Rademeyer – Groot dele van die Suide is vanoggend (Saterdag) sopnat.Die Facebook-blad Reën in Namibia van Philip Deetlefs is die ene jubelsange van dankbaarheid...

‘Aarde lag deur haar gebarste gesig’

18 ure gelede | Tuisblad

Ronelle Rademeyer – Groot dele van die Suide is vanoggend (Saterdag) sopnat.Die Facebook-blad Reën in Namibia van Philip Deetlefs is die ene jubelsange van dankbaarheid...

Parlement skop Woensdag sy werksaamhede af

1 dag gelede | Regering

Pres. Hage Geingob open Woensdag om 14:30 die Nasionale Vergadering se verrigtinge vir die jaar. Dit sal die negende sitting van die sesde parlement inlui.Die...

Registrasiefooie by NUST nou N$2 000 minder

1 dag gelede | Onderwys

Die Universiteit van Wetenskap en Tegnologie (Nust) se registrasiefooie is met N$2 000 van N$4 200 tot N$2 200 verminder. Dit volg nadat ouers en...

Man sterf in ongeluk naby Rehoboth

1 dag gelede | Ongelukke

‘n Man is Woensdag op slag dood nadat die voertuig waarin hy op reis was, die pad verlaat en omgeslaan het. Volgens die polisie se...

Grondwet mag nie ‘papierdroom’ wees

1 dag gelede | Mense

Ronelle Rademeyer - “Ons kan almal baie dankbaar wees vir die Grondwet wat ons geskryf en eenparig aanvaar het. Namibiërs se vryheid en beskerming lê...

Groter stoom vir TransNamib

1 dag gelede | Vervoer

font face="Verdana" > Augetto Graig - Die nasionale spoorwegonderneming TransNamib het ’n nuwe raad en strategiese besigheidsplan aangekondig waarmee die onderneming ’n nuwe rigting...

NSFAF: Finale betalings voor 28 Februarie

1 dag gelede | Onderwys

Die Finansiële Hulpfonds vir Namibiese Studente (NSFAF) het alle geld ontvang wat aan studente vir 2018-’19 uitbetaal moet word. Volgens die fonds het die verwerking...

Weer, Vrydag 8 Februarie 2019

1 dag gelede | Weer

BINNELAND: Sonning en bloedig warm in die verre noordweste. Elders sal dit gedeeltelik bewolk en baie tot bloedig warm wees met enkele tot wydverspreide donderbuie.KUS:...