From CNBC Africa
Nigeria plans on spending $6.27 billion in improving the country’s education sector over the next four years.
Out of school children cost Nigeria three billion dollars. Photo: Getty images.
In the past five years, the Nigerian government spent about 700 billion naira in addition to the budgetary allocations to improve the country’s education sector. Nonetheless, many believe that the government still has a long way to go.
“The whole idea of the 20th Nigeria Economic Summit is to focus specifically on Nigeria’s educational sector. The education sector is one of the greatest pillars holding the Transformation Agenda of President [Goodluck Jonathan]. One of the other pillars is, human capital development. The only way we can develop human capital is through education,” Bashir Yaguda, Nigeria’s National Planning Minister told CNBC Africa.
Written by Dara Rhodes/Read more at CNBC Africa
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