It’s no news that Nigeria is the most populous African country and is blessed with various natural and human resources. But even with that, yet plagued with extreme poverty making it of critical importance to study, attempting to decipher the factors contributing to households welfare.

Remember that education brings about awareness and increases opportunities for growth and development. But on the individual level, good education brings about economic opportunities and improves individual standard of living. While on the aggregate level, education improves labor skills which lead to increase in productivity and overall standard of living.

It is true that in human capital development especially in higher educational attainment, attaches high premium to its expected economic benefits, which is in form of better household welfare. Our write up today will be the impact of education on household welfare in Nigeria.

It is true that the empirical results will show you that returns to schooling are substantially higher at the tertiary level of education when compared with primary, secondary, and postgraduate levels of education in Nigeria.

However, the implication of these discovery is that the improvements in the economic welfare of households in Nigerian is driven more by the attainment of tertiary education by household heads, which is relative to other levels of education.

IMPACT OF EDUCATION ON HOUSEHOLD WELFARE IN NIGERIA

There is a lot of impact of education on household welfare in Nigeria, as it is one of the ways families can escape poverty in the country. But not only that, it also allow someone to be enlightened. Also remember that education brings about awareness and increases opportunities for growth and development. So below are some impact of education on household welfare in Nigeria.

v  Education Spreads Awareness

Indeed, blind faith and superstitions are what bog down society. A lot of people are misled by false beliefs do more harm than good to society. So education helps us question, gives us an analytical mind and helps us reject superstitions. Truly, an educated mind asks for logic and scientific reasoning behind all actions.

v  EducationHelps Us Stand Up Against Wrong And For The Right

It is true that education helps lower crime rate. This is because the educated can differentiate between what’s right and what’s wrong. A research which was carried some time ago shows that increasing the high school completion rate by just 1 percent for all men ages 20-60 would save Nigeria up to N30 billion per year in reduced costs from crime.

v  EducationHelps Us Progress

Indeed, a better education opens up a host of opportunities and this is especially relevant in the times we live in where technology. So education ensure that opportunities are not bound by geographical locations.

v  EducationGives Us A Healthier Lifestyle

A better educated household tend to live longer and have better lifestyle. According to a research conducted in central European OECD countries have shown that a 30 years tertiary educated man can expect to live eight years longer than a 30 years man who has not completed upper secondary education. And also, a tertiary educated woman can expect to live four years longer than a woman without an upper secondary education.

v  Education Helps Us To Be More Productive

There is awell-knownfact that the more degrees you have, better would be your economic performance. Remember, there is a deep connection between education and productivity and also, in this age where there is competition at every turn, this means that education is what will help an industry and subsequently a nation, to flourish.

v  EducationHelps Us Connect Across Borders

Indeed, digital education has helped achieve this. It is true that education has given students from across borders opportunities to connect, communicate and work towards building a better future and a better world. Take for example, a professor in Nigeria can help inspire a student in Ghana to study and travel the world, help him/herself and a whole generation after, to lead and leave a better life.

v  EducationGives Empowerment

Note that education helps turn weakness into strength. It gives us the confidence to stand for ourselves. Education improves our decision making capabilities, makes us mobile and gives us an access to social networks. A lot of researches have proven that in countries where women are subjected to gender bias such as Nigeria, education helps them stand up against marital violence, improved their thinking and helped them take charge of their own lives.

v  Household Income Will Be Greater

It is true that if both parents are educated, both mother and father can have industrial jobs with higher pay. Remember, this is because they have learnt new skills that businesses look for in an employee, such as being able to write, do math’s, and read. However, this will help with the household income as both the mother and father will have a job.

Meaning if the father becomes ill or cannot work, the mother can continue to buy food and look after the household. And having extra money can go towards giving the children an education so that in the future, they too can get good jobs and take care of their own household. Better income can help buy special medication, or new clothes, or build a better house.

Once both parents are educated, in the long run, there will be many benefits for the whole household. Their children will learn more quickly and develop better skills, such as being able to read or write because they will always have educational support at home. Also, their household income will double if both parents are educated, because both mother and father can work. Meaning when both parents have had an education, they can achieve amazing success in the future.

Conclusion on the impact of education on household welfare in Nigeria

Truly, education in every sense is one of the fundamental factors of development. Note that no country can achieve sustainable economic development without substantial investment in human capital. It is only education that can enrich people's understanding of themselves and the world.

Education improves the quality lifestyle of every household in Nigeria and leads to broad social benefits to every individuals and society. This is because it raises people's productivity and creativity and promotes entrepreneurship and technological advances.