A successful development plan includes not only creating economic policies, putting money into physical capital, or bridging the capital gap, but also creating educational curricula that are relevant to the economy and can fill the gap in economic need. Nigeria and the majority of poor nations typically fall short in this area in terms of policy relevance. Due to the emphasis on compulsory education, the rise in enrollment at all grade levels, and the proliferation of universities across the nation, national productivity and economic development remain constrained. This is because educational policies do not appear to be correlated with economic needs. A strong connection between universities and industry is necessary to create knowledge-based educational curricula in key economic sectors for research, development, and entrepreneurship. In order to do this, opportunities for institutional collaboration must be created. Additionally, needs in the private sector and labor market must be identified, as well as needs for capacity building in higher education's quality assurance, research, and leadership development. This is supported by a policy front established by this paper in education for the achievement of economic objectives.