Advertisment
Friday, January 27, 2023
  • About Us
  • Contact Us
  • TNG Board
  • TNG Investigation
TheNewsGuru
  • News
    • Nigeria
    • World
  • Politics
  • Entertainment
  • Sports
    • Football
  • Business
  • Technology
  • TNG InvestigationsNew
No Result
View All Result
TheNewsGuru
  • News
    • Nigeria
    • World
  • Politics
  • Entertainment
  • Sports
    • Football
  • Business
  • Technology
  • TNG InvestigationsNew
No Result
View All Result
TheNewsGuru
No Result
View All Result

Home » Opinion » Rethinking Education Financing, Development and Sustainable Peace in Nigeria, By Samuel Orovwuje

Rethinking Education Financing, Development and Sustainable Peace in Nigeria, By Samuel Orovwuje

Olaotan Falade by Olaotan Falade
1 year ago
in Opinion
Reading Time: 4 mins read
A A
0
278
SHARES
1.5k
VIEWS

By Samuel Akpobome Orovwuje

The Global Education Summit held in London, United Kingdom, a few weeks ago has come and gone, but the realities and the signposts for Nigeria’s education, development and peace agenda are germane and instructive, particularly with dwindling aid and investments from the global North.

The theme of the summit, Financing Education 2021 to 2025 – a Five Year Strategic Plan, is an initiative of the Global Partnership for Education (GPE), the United Kingdom, Kenya and other multilateral partners to leapfrog investment in the education sector in low-income and resource-poor countries. This is a welcome development, though long overdue, if the political will is there to drive the process of transforming education in less developed countries like Nigeria in line with best practices for qualitative life outcomes and competitiveness in the market place.

RecommendedReads

Waldrum picks Ebi, Oshoala, 21 others for Revelation Cup in Mexico

Waldrum picks Ebi, Oshoala, 21 others for Revelation Cup in Mexico

18 hours ago
1.4k
UNICEF welcomes release of 4 girls abducted in Borno

Emir urges UNICEF to use traditional institutions in implementing programmes

21 hours ago
1.4k

This article signposts and examines the urgent need to retool Nigeria’s education financing and strengthen partnerships with the private sector as strategic gatekeepers in upscaling infrastructure, learning and new technologies in line with global best practices and standards in order to restore hope in the sector in the interest of national development, economic growth and peace building.

Indeed, the Global Partnership for Education (GPE) has been providing funding and support ecosystems for building strong education in low-income countries, particularly in the area of girl-child education, in line with the United Nations Sustainable Development Goals 4 (SDGs 4) and other evidence-based educational systems across the world. Instructive of the summit is the sub-theme of Education Reset, Financing for Impact, Gender Equality and Ripple Effect, which is a strategic benchmark for seeking commitments for international, national and private sector funding of education for the next five years.

One of the major provocations and impediments to education and development in Nigeria is the meagre budgetary provisions at the local, state and federal government levels. From the perspective of the education funding ratio of its Gross Domestic Product (GDP) and national revenue index, Nigeria accounts for one of the lowest ratios in the world.

The value of President Muhammadu Buhari’s diplomacy pledge to ensure that the total spending on education increases by 50% over the next two years and up to 100% within the next five years (2021 – 2025), at the just concluded Global Education Summit in London, remains to be seen in the light of legislative-budgetary constraints.

President Buhari also made an ambitious pledge to increase education tax from the current 2% to 3%, in order to address the needs of tertiary education; and to also increase the allocation from the Consolidated Revenue Fund (CRF) from 2% to 4% through legislative means in order to support primary and secondary school education. Nevertheless, college education, particularly at secondary and technical levels, offers the most cost-effective way for Nigerians to learn and practice transferable, socio-emotional and entrepreneurial skills that will secure their future, whether they seek occupation or create their own businesses.

Sadly, according to UNICEF Nigeria (2019), 10.5 million children are out of school in Nigeria. The out-of-school children quandary is provokingly frightening, particularly with the ravaging kidnapping of school children and payment of ransom to bandits in some states. These dreadful experiences will continue to be a major challenge to the sustenance of primary and secondary school education enrolment. Therefore, the federal, state and local governments must renew their commitments to work with the private sector to improve education and skill development in order to ensure sustainable peace and security.

The public policy statements versus the education reality gap must be bridged. The federal and state governments can no longer fund education in a sustainable manner. Political leaders and the machinery of government at the state and federal levels have collectively failed to address the lingering issues of underfunding of education and its relationship with human development, peace and security, thereby endangering the prospects for a better future.

Indeed, the private sector must take the lead in financing education in Nigeria, particularly banks that declare supra-profits annually without corresponding social investment mechanisms to address the competency and skill development gaps in the labour market. The new financing mechanisms should take into account the importance of inclusive education: girl-child education, special needs education, adult and mass literacy, amongst others.

In addition, the government at all levels must, as a matter of urgency, initiate education remuneration reforms intended to bring its university system more in line with international best practices. The reforms should also promote increased institutional autonomy, university self-financing mechanisms, greater system differentiation, strengthened governance and mechanisms for quality assurance of accredited programmes and courses.

Furthermore, the gown and town should create more flexible courses and certification programmes that are of emerging industry relevance, alongside a creative and responsive system of university teaching and research ecosystem that in the long run will contribute centrally to national innovation capacity and productivity. The broader issues of real autonomy for universities and access to private sector financing beyond the bureaucratic channels of the paymaster (government) should be pursued so that the universities will be self-sustaining from revenues derived from research, teaching and endowments. ASUU must also look at its engagement strategies beyond strike actions to earn its respect as a conscience of the nation.

Curiously, teachers’ education and quality professional development are critical in financing education; yet the knowledge management profession at the tertiary level (lecturing) in Nigeria has become a subject of endless strikes and unnecessary industrial relations issues. The politics of fair wage, involving the paymaster and the notorious Federal Ministry of Labour and Productivity, must be addressed to give meaning to education and sustainable development. The country cannot sustain global competitiveness if she treats her eggheads with reckless abandon!

Finally, civil society and other international development partners must sustain advocacy for inclusive education at the subnational, national and regional levels. Civil society can reaffirm their commitment to the principles of democracy, development and peace by championing efforts to bridge the policy divide so that educational institutions can access funding for development.

Orovwuje is founder, Humanitarian Care for Displaced Persons, Lagos. 08034745325, [email protected]

 

Tags: developmentEducation financingNigeriaSustainable peace
SendShare111Tweet70

Related Contents

Beware Of Tinubu, Omo-Agege And APC
Opinion

Beware Of Tinubu, Omo-Agege And APC

7 hours ago
1.4k
2023: Where are Gombe and Bauchi States heading in the campaigns?
Opinion

2023: Where are Gombe and Bauchi States heading in the campaigns?

4 days ago
1.6k
INTERVIEW: My reason for going into politics is people-centric – Oborevwori, Delta PDP guber candidate
News

Na Sheriff and Deltans’ Affirmation of Oborevwori – By Ajerese Okpo

7 days ago
1.4k
Load More

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending News

  • "Apostle Suleman's name was tattooed on Halima's body"- Friend drops fresh information

    Actress Halima reveals how Apostle Suleman made love to her during menstrual cramps

    564 shares
    Share 226 Tweet 141
  • UNCLAD: Veteran actor, RMD reacts to viral scene with Nancy Isime in ‘Shanty Town’

    517 shares
    Share 207 Tweet 129
  • BREAKING: Prof Uche Ikonne, Abia PDP guber candidate is dead

    462 shares
    Share 185 Tweet 116
  • Nigeria Decides 2023: Google Trends reveals stronghold States of leading contenders

    862 shares
    Share 345 Tweet 216
  • Apostle Suleman breaks silence on Halima Abubakar’s allegation

    419 shares
    Share 168 Tweet 105
  • You are one person I believe to rule Nigeria – Sanusi tells Tinubu

    401 shares
    Share 160 Tweet 100
  • Peter Obi and the Northern challenge – By Chidi Amuta

    400 shares
    Share 160 Tweet 100
Obasanjo lays foundation for N3.4bn flyover bridge in Sokoto
News

Why Nigeria is not making progress – Obasanjo

by Ediri Oyibo
18 seconds ago
0
1.4k

Former President Olusegun Obasanjo has said the failure of Nigeria to make progress "on several, if not all fronts", can be...

Read more
Bundles of the newly redesigned 200, 500 and 1,000 Naira notes, unveiled today by President Muhammadu Buhari

CBN dragged to court over Naira notes

20 mins ago
1.4k
Investigation: Real reasons for protracted fuel scarcity and economic implications

Special Report: Fuel Scarcity and the alleged plot to scuttle Nigeria’s 2023 election

30 mins ago
1.4k
Will machines replace journalists, too? - By Azu Ishiekwene

A leader like Jacinda Ardern – By Azu Ishiekwene

34 mins ago
1.4k
[Devotional] IN HIS PRESENCE: Take hold of the plumbline immediately

[Devotional] IN HIS PRESENCE: Are you undermining your own success?

40 mins ago
1.4k

News

Home Business

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • October 2019
  • September 2019
  • July 2019
  • June 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • August 2018
  • July 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • February 2017
  • January 2017
  • December 2016
  • July 2013
  • About
  • About TNG
  • Account
  • AdPage
  • Advertise with us
  • ASUU
  • Breaking News, Politics, Entertainment, Gossip, Business and more – TheNewsGuru
  • Breaking News, Politics, Entertainment, Gossip, Business and more – TheNewsGuru – old
  • Breaking News, Politics, Entertainment, Gossip, Business and more – TheNewsGuru – old-old
  • Cart
  • Checkout
  • Contact Us
  • COVID-19 Live Update
  • Elections
  • EndSARS Report
  • Events
  • Explore
  • Home
  • Insurance
  • Latest
  • Login
  • Logout
  • My account
  • Password Reset
  • Popular
  • Post Packages
  • Register
  • Shop
  • TheNewsGuru – M
  • TNG Board
  • TNG Investigation
  • User

© 2022 Thenewsguru.com

No Result
View All Result
  • News
    • National
    • World
  • Columnist
  • TNG Investigations
  • Politics
  • Business
  • Entertainment
  • Tech

© 2022 Thenewsguru.com

targetBlank();
We use cookies to offer you a better browsing experience. If you continue to use this site, you consent to our use of cookies.
I Accept Cookies
We use cookies to offer you a better browsing experience. If you continue to use this site, you consent to our use of cookies.
I Accept Cookies