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INTERNATIONAL JOURNAL OF BUSINESS EDUCATION AND MANAGEMENT STUDIES

International Journal of Business Education and Management Studies (IJBEMS)

Current Issue

INTEGRATING FINANCIAL STRATEGIES INTO TECHNICAL AND VOCATIONAL EDUCATION AND TRAINING (TVET) PROGRAMS

IJBEMS  ·  Vol 5 Issue 3 2024  ·  2024-05-22
Publication Details
Author(s)
SABITU OLALEKAN OWOTUTU
Article Type
Research Article
Issue
Vol 5 Issue 3 2024
Volume
5
Number
3
Pages
179-190
Publication Date
2024-05-22
Abstract
A positional paper on Integrating Financial Strategies into Technical and Vocational Education and Training (TVET) Programmes: A Comprehensive Approach for Skills Development by PPPs in Africa. The following are the objectives of this study: to analyse the current state of financial education within TVET programmes and identify gaps and challenges. to develop a comprehensive framework for integrating financial strategies into TVET curricula, including modules on financial literacy, entrepreneurship, and career planning. To design and implement pilot programs at selected TVET institutions, evaluating their effectiveness in improving students' financial knowledge and skills. PPPs play an important role in obtaining funds for more robust, work-relevant, customised skills, knowledge, and attitudes that did not exist between the public and private sectors in the past. In conclusion, TVET plays a vital role in Nigeria's economy by promoting skills development, employability, economic growth, poverty reduction, industrialization, and entrepreneurship. By investing in TVET and fostering partnerships with the private sector, Nigeria can harness its workforce's full potential and drive sustainable development. Upon successful completion of this project, the following are the recommendations: a comprehensive framework for integrating financial strategies into TVET programmes, tailored to the specific needs of public-private partnership sectors, trades, and industries. improved financial literacy and entrepreneurship skills among TVET students, enhancing their employability and economic prospects. Policymakers and TVET institutions are now more aware of the importance of financial education in TVET programs.
Keywords
TVET PPPs Policy Practice Nigeria Economy