Abstract

the experience of many developed countries has shown that there was a close relationship between literacy educational growth and increased productivity and general development. In addition to this a well developed literacy for economic system would not only lead to the production of trained and skilled manpower who are required to bring about social change to the realization of the objectives of the government as set in the national policy and development plan criteria. It has been our endeavour to examine the current literacy for economic development and financial restitude. A methodology based on simulation runs and sensitivity analysis and relationship of literacy expenditure/investment and among other variables have been used to indicate economic implication of various parameters with particular reference to literacy for economic development programmes in the case of Federal Republic of Nigeria.