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One of the plan's key features was the usage of resources generated from oil production to increase the economy's production capacity and to ensure self-sustaining economic growth. Despite Nigeria's economy being heavily centred around the export of oil, with it composing roughly 80% of government revenue, the plans to finance the fourth ...
In a bid to improve female education in girls, the UNICEF initiated some projects in Nigeria. one of them is The Girls’ Education Project initiated through a Memorandum of Understanding signed in December 2004 between the United Nations Children's Fund and the United Kingdom Department for International Development. [75]
In 2016, Nigeria's Universal Basic Education Commission (UBEC) reported that it has the highest number of out-of-school children in the world, an estimated 10.5 million. [10] Hence, the implementation of the State Universal Basic Education Board's provision for free Universal Basic Education for every Nigerian child of school-going age.
Education economics or the economics of education is the study of economic issues relating to education, including the demand for education, the financing and provision of education, and the comparative efficiency of various educational programs and policies. From early works on the relationship between schooling and labor market outcomes for ...
The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [ 29 ] [ 30 ] It is ranked as the 53rd-largest economy in the world in terms of nominal GDP , the fourth largest in Africa and the 27th-largest in terms ...
The Nigerian Education Loan Fund (NELFUND) is a pivotal financial institution established under the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Act, 2024. [1] It was signed into law by President Bola Tinubu on 3 April 2024, marking a historic step towards ensuring sustainable higher education and functional skill ...
Women's education is one of the major explanatory variables behind the rates of social and economic development, [1] and has been shown to have a positive correlation with both. [ 2 ] [ 3 ] According to notable economist Lawrence Summers , "investment in the education of girls may well be the highest-return investment available in the ...
A correlation exists between the academic success of parents with the academic success of their children. Only 11% of children from the bottom fifth earn a college degree, while well over half of the top fifth earn one. [11] Linked with resources, White students tend to have more educated parents than students from minority families. [12]