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Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. [1] Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product (GDP) growth rate dropped to 2.7% in 2015.
There are no government policies to proactively address the decimation of higher education in Nigeria. [3] Some solutions that have however been proffered to the protracted problem of brain drain including good leadership, mass employment, better salary and working conditions as well as a system for rewarding diligent staff.
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. [80]
The Nigerian education system faced consistent challenges on all levels in the years before the election as UNICEF noted about 20 million out-of-school children in 2022 while also showcasing issues in early childhood education and primary school attendance, especially among girls and in the North.
Child labour in Nigeria is the employment of children under the age of 18 in a manner that restricts or prevents them from basic education and development. Child labour is pervasive in every state of the country. [1] In 2006, the number of child workers was estimated at 15 million. [2] [3] Poverty is a major factor that drives child labour in ...
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 ...
It is responsible with issues affecting Nigeria's youth because it is the voice of Nigeria's youth. The Youth Council is non‐governmental, non‐partisan , and not‐for‐profit organisation. The council comprises the National Executive Committee (NEC) of 23‐ members.
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 ...