Invictus Africa has released data and analysis of the Federal Government of Nigeria’s budgetary allocation to
education in the last eight years between 2015 and 2022, observing that it has been retrogressive.
It cited that the Federal Government’s 2022 budgetary allocation to education is 5.39%, which is N923.79 billion out of the total budget of N17.13 trillion.
This is being expended on Personnel (N662.7 billion), Overheads (N38.8 billion), and Capital Expenditure (N222.2 billion).
It lamented that the 5.39% allocation is not only a minuscule 0.29% increase from the
2021 budget in which 5.68% was allocated to the sector, it is the lowest percentage allocation to education by the Federal Government in the last ten years.
Further, it noted that considering that the 5.39% is a 50% reduction from the 10.79%
allocated to education in 2015, a comparative estimate of the Naira value of these percentages, when subjected to dollar exchange, shows only a slight difference between the 2015 allocation and that of 2022.
Invictus Africa reiterated the need to keep to the United Nations Educational, Scientific and Cultural Organization (UNESCO) benchmark of 4 to 6% of Gross Domestic Product (GDP) or 15 to 20% of public expenditure.
Considering that education is on
the concurrent list in the Nigerian Constitution, to ascertain the percentage of total public expenditure on education
in Nigeria, different sources of funds must be put into consideration, such as budget allocations by States and the
Federal Government, and the Tertiary Education Trust Fund (TETFund), among others.
It said this data, however, only showed
the Federal Government’s allocation to education.
The Executive Director of Invictus Africa, Bukky Shonibare, decried the negative cascading effects of the low
budgetary allocation to education by the Federal Government.
For instance, She cited that the need for better funding of FG owned public universities is one of the many issues causing the seemingly endless strike actions by the Academic
Staff Union of Universities (ASUU).
The current ASUU strike has been on since February 14, 2022, halting tertiary
education for many students.
Shonibare stated that “budgetary allocations indicate governments’ priorities and political will.”
She added that “An increase in education budgeting will mean that more schooling population across Nigeria can access free, safe, and
quality education, while increasing the chances for uptake of secondary and tertiary education.”
She further added that “Governments’ investment in education is not only in fulfillment of its obligation to fulfill the right to education, it is strategic, as investing in education is directly linked to, among others, reduction in poverty and crimes, as well as
improvements in Nigeria’s economic potential and capacity.
The detailed data analysis is available for download via https://invictus.ng/how-low-can-we-go/