The Impact Of The Covid-19 Pandemic On Education Financing

The Impact Of The Covid-19 Pandemic On Education Financing. Records show that for the past ten years the nigerian education sector allocation has not reached the unesco recommended 10 to 15% of the budget in developing countries. As the country addresses this debt burden, funding to social sectors, especially education, is likely to pay the price.

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As the country addresses this debt burden, funding to social sectors, especially education, is likely to pay the price. Governments must also be held accountable for education expenditure, csos and citizens play an important role here to track expenditure and make sure that every dollar that is allocated for students reaches its intended destination. Legislatures face difficult decisions with no right answers

While many countries have easily adapted and switched to virtual classes, in nigeria, it is not only difficult but also impossible to open our schools virtually due to lack of facilities necessary to operate virtual classes, poor provision of the internet network, unstable power supply, high cost of mobile data and other challenges.

This will thereby have a lasting impact on the nation’s economy, safety, literacy, and equality. As states amend or revise their education budgets and finances to meet current fiscal conditions, this page will be updated to reflect those actions. Education provides the platform to improve the quality of life and continuous regeneration of knowledge, capacity, and skill in the society for continuous productivity and development. This will thereby have a lasting impact on the nation’s economy, safety, literacy, and equality.


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