BusinessDay, Author at Businessday NG

The Iran–U.S. Conflict and Nigeria’s Energy Outlook: Implications, strategic opportunities and investment signals in a volatile global market

BusinessDay Mar 12, 2026

INTRODUCTION The escalating conflict between Iran and the United States reached a critical point on 28th February 2026, when a...

Nigeria’s new tax regime: Income tracking powers of tax authorities and data protection concerns

BusinessDay Mar 12, 2026

Introduction Recently, the Presidential Fiscal Policy and Tax Reforms Committee, during conversations about the recent tax reforms, confirmed that Nigeria...

Corporate governance in family-owned and closely held Nigerian companies

BusinessDay Mar 12, 2026

Family-owned and closely held companies remain a pivotal part of Nigeria’s private sector and growing economy. The introductory paragraph of...

Nigeria’s Stock Market Is Back. This Time, the Money Looks Different

Dangote’s next industrial aspiration: Steel, power and ports as the pivot of Africa’s future

BusinessDay Mar 12, 2026

Across the history of industrialisation, transformative economic leaps have rarely been powered by a single industry. They occur when infrastructure,...

Reps urge FG to increase education budget from 2022 James Kwen, Abuja The House of Representatives has urged the Federal Ministry of Budget and National Planning to give further considerations to Education in the subsequent budgetary allocations, beginning from 2022 in order to attain the United Nations Educational, Scientific and Cultural Organisation (UNESCO) projection by 2030. According to UNESCO, for a nation to achieve the goal of providing quality education for all by 2030, the country would have to allocate at least 26 percent of its national budget to education. However, Nigeria’s budgetary allocation for Education in the last five years is 7.38% in 2017, 7.03% in 2018, 7.05% in 2019, 6.7% in 2020 and 5.6% in 2021, a far cry from the expected standards. It is based on this premise that the House called for Federal Government consideration on Tuesday while adopting a motion on; “Urgent Need to Address the Falling Standard of Education in Nigeria” moved by Johnson Ganiyu from Lagos. Moving the motion, Ganiyu noted that quality education is a crucial tool for the economic growth of any country, thus Goal 4 of the United Nations Sustainable Development Goals (SDGs) is focused on ensuring inclusive and equitable quality education and promoting life-long learning opportunities for all. He also noted that Section 18 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) provides that the Government shall direct its policy towards ensuring that there are equal and adequate educational opportunities at all levels. The lawmaker said he was: “Aware that Nigeria’s education system within the last decade has been on a steady decline, ranging from influx of illegal institutions of learning as well as unqualified teachers in the system to poor funding, overcrowding and plethora of decaying infrastructure in schools across the Federation. “Also aware that according to the United Nations, Nigeria has one of the largest populations of out-of-school youth in the world, with more than ten million Nigerian children, 60 per cent of them girls, not in school and will therefore not have the skills they need to get jobs and build secured and stable future. Ganiyu acknowledged that Nigeria has achieved some progress in expanding access to school under the Millennium Development Goals (MDGs) and the domestic Universal Basic Education (UBE) Scheme, however, the expansion has not resulted in improved learning, as the flat learning curve in Nigeria is a proof that getting children to school does not automatically translate to adequate infrastructure, qualified teachers, conducive learning environment, frequent attendance, grade progression, effective classroom governance and more importantly, learning. He expressed concern that the adverse effects of falling standard of Education to a nation is very grave, and the fall in educational standard in Nigeria implies a continued decline in its level of economic growth. The lawmaker also expressed concern that with the current population of about 200 million, 45 per cent of which are below 15 years, there is high demand for learning opportunities translating into increased enrolment which has created challenges in ensuring quality education since resources are spread more thinly. Ganiyu was worried that the burden on education in Nigeria has become even more overwhelming, resulting in more than 100 pupils to one teacher as against the UNESCO benchmark of 35 pupils per teacher; culminating in students learning under trees for lack of classrooms and other harsh conditions. He said if no urgent action is taken, the problem will gravely affect the young and future generations as well as stifle the economic and social developmental prospects of the country.

Give to gain: 8 steps to shared success

BusinessDay Mar 12, 2026

The future we seek will not be built by a few exceptional women rising to the top. It will be...

APC primary: Oshiomhole clinches senate ticket unopposed, after opponent steps down

The ‘gospel’ according to Adams Oshiomhole

BusinessDay Mar 12, 2026

My kinsman, the late Fr Peter Akogu, wrote a book of which I have forgotten the title. The core message...

EFCC orders investigation on assault of UUTH Professor

EFCC arrests Okpella monarch over alleged diversion of N250m community funds

BusinessDay Mar 11, 2026

The Benin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arrested the Okuokpellagbe of Okpella, HRM Michael...

Dangote Refinery ships 300,000MT of petrol to private depots in May

Dangote Refinery: Understanding Nigeria’s economy through corporate survival biology

BusinessDay Mar 11, 2026

In any economy, the petroleum refinery business faces significant economic, regulatory, technological, and market challenges. In Nigeria, these major challenges...

Iran says to expect $200 oil price as IEA moves to release 400m barrels from reserve

BusinessDay Mar 11, 2026

Embattled Iran says the world should expect oil price to rise as high as $200 a barrel following the its...

Nigeria Week Ahead: Equities sink, Oil surpasses $100, CPI in focus

BusinessDay Mar 11, 2026

Oil prices spiked to just above $120 over the weekend as escalations of the Israel -US-Iran war intensified, with key...

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Ladi Patrick-Okwoli

The Iran–U.S. Conflict and Nigeria’s Energy Outlook: Implications, strategic opportunities and investment signals in a volatile global market

Nigeria’s new tax regime: Income tracking powers of tax authorities and data protection concerns

Corporate governance in family-owned and closely held Nigerian companies

Dangote’s next industrial aspiration: Steel, power and ports as the pivot of Africa’s future

Give to gain: 8 steps to shared success

The ‘gospel’ according to Adams Oshiomhole

EFCC arrests Okpella monarch over alleged diversion of N250m community funds

Dangote Refinery: Understanding Nigeria’s economy through corporate survival biology

Iran says to expect $200 oil price as IEA moves to release 400m barrels from reserve

Nigeria Week Ahead: Equities sink, Oil surpasses $100, CPI in focus

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