23 May 2018

Nigeria: Obi Bemoans Nigeria's Poor Spending On Education

Former Governor of Anambra State, Mr. Peter Obi has again lamented Nigeria's poor attitude towards education, saying that even when compared to some African countries, Nigeria has not done well at all.

Obi made the observation at the weekend during the launch and fund- raising dinner for Dominican University, a newly established university owned by the Dominicans, at the Colonnade, Lagos.

Describing money put into education as investment, Obi said the problem with Nigerians is that they still see education as expenditure rather than investment in the future, adding that it had become clear from what countries that invested in education are reaping now that there is direct correlation between investment in education and economic growth.

Citing statistics to buttress his point, Obi said: South Africa, between 2010 and 2016 spent over 5 per cent of its Gross Domestic Product (GDP) on education; Egypt over 3.5 per cent and Nigeria could not even spend 1 per cent."

Insisting that poor investment in education produces adult illiterates and makes for low productivity in any nation, he said: "From 2010 to 2014, Nigerian budgeted N1.860 trillion on education, which at the rate of N160 to a dollar was 11.1 billion dollars. In 2015 and 2016, the budget was a total N761 billion, which at the rate of N360 to a dollar was 2.1 billion dollars. As you can see, it means that over a period of seven years, Nigeria with a population of about 190 million people spent 13.2 billion dollars on education.

"Juxtapose this with South Africa, the second biggest economy in Africa which with a population of 55 million, spent over 15 billion dollars on education in 2015 only and Egypt, the third biggest economy in Africa and with a population of 95 million spent about 12 billion in 2015 only. This shows that Nigeria is still sleeping as far as investment in education is concerned."

Corroborating Obi's statement, Anthony Cardinal Okojie said he had listened to Obi on several occasions and called on Nigerians to listen to him as he correctly understood the problems and solutions to many ills in the country.

In his keynote address, the National Chairman of the Nigerian Bar Association (NBA), Abubakar Mohmoud regretted the collapse of education in the country, saying that the situation requires the collaboration of all Nigerians.

Also present at the event were Archbishop Alaba Job (Retd); Bishop Adewale Martins; Dr. ABC Orjiakor; Evelyn Opute, among others.

Nigeria

Sublime Soul Diva Who Demanded Respect, Which Will be Forever Given

It is no coincidence that two of Aretha Franklin’s celebrated contemporaries who travelled to Detroit to see the… Read more »

See What Everyone is Watching

Copyright © 2018 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.