The Federal government of Nigeria has reduced education funding. All those in the education sector are following the trend and discussing with the rollout of proposed financial allocation for education funds in 2020. Many educationists and academia find that Nigeria has been facing a remarkable and appealing increase in educational funding every year since 2016. The trend seems to be a year on year increase and by 2019 the funds increased by 10 billion and more. However, there is a proposed decrease in education funding for 2020 by 7 billion. This has caused an uprise of heated discussions in various portals like twitter by EDUPLANA.
While there are many of the opinions that the education funding should be going upward than decreasing as the economy of imparting education has not gone down; there are also concerns over the increasing awareness on education and returning dropouts from school whom academia feels that the government should not neglect. Furthermore, many economists view that education funding should not be discussed as addition and subtraction of allocation even in the Presidential budget, as a valuable discussion and policies can be implied effectively unless the budget is planned as need-based. So these economists classify that education funding should be segregated into public school funds and out of school children funds, besides the overall education fund. This kind of statistics only can bring a justified and meaningful education budget by the President. As an organization, we are of a similar opinion that education funding should be discussed elaborately, made more meaningful and increased consistently every year. Our dependence on these funds will thus be assured that we lose nothing but will only gain and can do more for education in Nigeria.
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