EDUCATION is a lucrative business opportunity, especially for foreign investors, says Investment Fiji chief executive officer Ravuni Uluilakeba.
Mr Uluilakeba, who was the chief guest at the Hope Preschool graduation, said the announcement of the $3.3 million funding for the development of early childhood education centres was good news not only for the education sector but the investment sector as well.
He said foreign investors would be able to recognise that education was vital to invest in.
"I'm sure there are more investors out there who are willing to come and make investments in preschools," Mr Uluilakeba said.
"And not just in preschools but also primary and senior levels of education," he said.
He said the government's initiative of enhancing capacity building was being realised, especially as it began with the basic level of education.
"Investment can also be made in infrastructure not only for urban centres but also rural and that is where Investment Fiji comes in to try and attract investors to come and help cater for the needs for those sectors," Mr Uluilakeba said.
He said it was important to consider that at the end of the day, children were motivated and developed and were able to make decisions at the age of five, and thus priority ought to be given to younger levels of education.
He said a lot of investment had been made at tertiary levels of education such as with the major tertiary education providers — University of the South Pacific, Fiji National University and University of Fiji.
"Look at the way USP has been assisted and invested in by Japan, especially with its ICT facilities.
"That is one field we can develop in as well, and across to other levels of education," Mr Uluilakeba said.