Quality education is a key enabler for sustainable growth and development. The 2030 Agenda rightly recognises this with SDG 4. Despite the importance accorded to education, Nigeria’s educational performance is abysmally low in terms of quality and quantity. Poor educational outcomes are illustrated by the existence of more than 10.5 million out-of-school children in 2018, which is the highest number globally (Adekunle, 2018). On the quality side, educational performance is even more worrisome. According to the World Economic Forum (2017), Nigeria ranks 124th out of 137 countries in terms of the quality of primary education.
September 23, 2019
Summary Report: Is Nigeria on track to achieving quality education for all?
Related
Gross Domestic Product Growth Rate And Contribution To GDP
Gross Domestic Product Growth Rate: The growth performance of the Oil and Gas sector has been unsteady throughout years and declined most significantly in 2015Q4, following a positive growth recorded
Infrastructure Financing In Nigeria:
Similar to most sub-Saharan
African (SSA) countries, Nigeria has a huge infrastructure deficit which
considerably limits efforts towards achieving inclusive growth, sustainable
development, and poverty reduction. With infrastructure stock estimated at
20-25 per cent of Gross Domestic Product (GDP), Nigerias infrastructure stock
is still significantly lower than the recommended international benchmark of 70
per cent of GDP. The 2014 National Integrated Infrastructure Master Plan (NIMP)
estimates that a total of US$ 3 trillion of investments, or US$100 billion
annually, is required over the next 30 years to bridge Nigerias infrastructure
gap. In particular, the Plan estimates that Nigeria will have to spend an
annual average of US$ 33 billion infrastructure investments for the period 2014
-2018. This means that Nigeria will have to more than double its spending on infrastructure
from the current 2-3 per cent of GDP to around 7 per cent to make appreciable
progress in infrastructure development over the next three decades.