RAPID SUSTAINABLE DEVELOPMENT IN AFRICA VIA EDUCATION AND VIABLE INFORMAL ECONOMY

Abstract

Improvement in quality, value and speedy growth of our informal sectors of goods and services has been one of the greatest problem/challenge facing African countries (Nigeria inclusive). This particular challenge added to bad leadership and corruption had contributed immensely to problem of African under development. Year by year, African leaders borrow loans from foreign countries without proper or with on investment in the informal sector of our economy, Nigerian present leaders are good examples. It is our ultimate purpose in this research to portray the vital roles of education and informal business sectors as far as sustainable economic development is concerned. We do this in

Philosophical style, through analysis or using analytical method of inquiry, resolving complex expressions into simpler and more basic ones. We clarify expression by elucidation of its use in a discourse. We analyze concepts, words, ideas, experiences etc, in order to bring deeper meaning and clarity of thought. Here one sees the beneficence of quality education as it is an enlightenment and thus improves informal sectors of business by training and retraining of all the stake holders of the informal sector: the chief executive officers (CEOs), directors/managers and the staffs through seminars, workshops, and conferences to ensure effective or efficient management and increasing production or out -put as far as goods and services are concerned. And with this, sustainable development is assured in the economic sector. Education is capable of achieving this as it is a process as well as an instrument both for social and economic development, as it helps to transmit, evoke or acquire knowledge, values, attitudes, and developmental skills needed most in our informal sector and even beyond. Thus, much improvement or development is drawn to African economy owing to enlightenment through education and improvement or development in country’s informal sector. The continent will be drawn out from darkness of underdevelopment towards the light of development through proper investment in its informal sector.