Effect of Education Investment on Poverty Reduction in Sub-Saharan Africa

Martin Sikuku ()

International Journal of Poverty, Investment and Development, 2024, vol. 5, issue 2, 47 - 57

Abstract: Purpose: The aim of the study was to assess the effect of education investment on poverty reduction in sub-Saharan Africa. Materials and Methods: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries. Findings: The study found that increased funding in education significantly boosts economic growth, leading to higher employment rates and income levels. For instance, access to quality education equips individuals with essential skills and knowledge, enhancing their employability and productivity. According to recent data, countries that have prioritized educational spending have seen a notable decline in poverty rates, as educated individuals are better positioned to secure well-paying jobs and contribute to economic development. Furthermore, education investment fosters social mobility, enabling disadvantaged groups to break the cycle of poverty and achieve improved living standards Implications to Theory, Practice and Policy: Human capital theory, social capital theory and capability approach may be used to anchor future studies on assessing the effect of education investment on poverty reduction in sub-Saharan Africa. Practitioners should implement holistic educational programs that integrate multiple forms of investment, such as combining early childhood education with health and nutritional support, teacher training with modern pedagogical tools, and technology integration with localized digital content. Governments in Sub-Saharan Africa should prioritize education in their budget allocations, not only increasing funding but also ensuring efficient and transparent utilization of funds to maximize impact.

Keywords: Education Investment; Poverty Reduction; Sub-Saharan Africa (search for similar items in EconPapers)
Date: 2024
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