Education
FG Promises to Raise Education Budget to 25%
By Adedapo Adesanya
The federal government has promised to increase the budget for education to 25 per cent, according to the Minister of Education, Mr Tahir Mamman.
The Minister said this at the Nigeria Annual Education Conference (NAEC) in Abuja on Monday, themed Implementation of Education 2030 Agenda for Sustainable Development in Nigeria.
He said the administration of President Bola Tinubu to improve the quality of education in the country through the right policies.
The United Nations suggested to the federal government to increase its current budgetary allocation to the education sector from seven to 20 per cent in order to achieve Sustainable Development Goal 4 — universal, inclusive and equitable basic education for all school-age children by 2030.
For years, Nigeria’s allocation to the education sector has been below the recommended benchmark for developing nations.
In the 2023 budget, the sector got N1.79 trillion — representing 8.2 per cent of the appropriation bill — according to Mrs Zainab Ahmed, the former minister of finance, budget, and national planning.
Giving a further breakdown, the former minister said N103.29 billion was allocated to the Universal Basic Education Commission (UBEC), while transfers to the Tertiary Education Trust Fund (TETFund) for infrastructure projects in tertiary institutions is N248.27 billion.
Mrs Ahmed added that N470 billion was allocated for tertiary education revitalisation and salary enhancement.
For context, the education sector got the second largest allocation in the budget after the defence and security sectors which account for N2.98 trillion — representing 13.4 per cent of the budget.
The United Nations Educational Scientific and Cultural Organizations (UNESCO) recommended that member nations should earmark four to six per cent of their Gross Domestic Product (GDP) or 15 to 20 of public expenditure (annual budget) to fund education.
However, UNESCO said “the majority of countries have not yet reached this threshold.”
The 2023 allocation to the sector was an increase from that of last year’s budget, which gave education N923.79 billion representing 5.4 per cent of the N17.23 trillion budget.
The minister also pledged his commitment to bridge the gaps between education policy statements and its actualisation outcomes.
He noted that the country had a lot of good policies on what was required to be done in the best interest of the nation but that those policies were not bringing value to the sector.
“President Tinubu has directed the return of the 10.5 million out-of-school children to school at the expiration of his tenure.
”We still have a long way to go. We are not matching the children in the country with the desired education because our policies are not producing the values we need.
“What we need is the action on the ground and not the policy declaration. This is where I can tell you we intend to come in.
“We want to bridge the gaps between policy statements and actualisation of outcomes.
“This is to give them future training that will enable them to live their lives and make them employers of labour. Everybody deserves to live a life of dignity for the well-being of their family,” he said.
He said that the responsibility of government was to provide opportunities for Nigerians to be empowered, adding that now is the time to make the policies a reality.
He also said that basic and secondary schools must be equipped by developing appropriate skills templates for creativity and research.
“We know that society that had benefitted from education is known for nurturing of creativity and research which starts from the lower levels,” he said.
He said there was a need for implementation strategies to provide mechanisms for constant monitoring and evaluation of policies to ensure the SDG goals were achieved.
The minister expressed concern over the state of insecurity in the schools and nation at large, lamenting the recent killing of one Miss Deborah Atanda, a nursing student of Federal University, Oye-Ekiti, a few days ago.
He, however, directed the Vice-Chancellor of the institution, in concerted efforts with the security, to uncover the perpetrators of the killing.
He charged stakeholders to work with the Federal Ministry of Education and agencies as well as State Ministries of Education to identify innovative approaches for improved funding and ensuring inclusive, equitable, quality education and life-long opportunities.
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By Adedapo Adesanya
The Nigerian Education Loan Fund (NELFUND) has granted another extension for its Student Loan Application Portal to accommodate institutions that requested additional time for the 2025/2026 academic session.
According to the statement signed by NELFUND’s Director of Strategic Communications, Ms Oseyemi Oluwatuyi, on Thursday, the extension applies only to institutions that submitted formal requests, allowing eligible students extra time to complete their applications.
“The Nigerian Education Loan Fund has approved an extension of its Student Loan Application Portal for institutions that have formally requested additional time for the 2025/2026 academic session,” the statement read.
Business Post reports that at the beginning of March, NELFUND announced an extension to the deadline by a week for its student loan application portal following a notable rise in nationwide interest driven by ongoing awareness campaigns.
Speaking on the development, NELFUND Managing Director and Chief Executive Officer, Mr Akintunde Sawyerr, reiterated the Fund’s commitment to ensuring that eligible students at participating institutions can access the student loan programme.
“NELFUND remains committed to ensuring that eligible students across participating institutions have the opportunity to access the student loan programme,” he said.
The Fund urges students in affected institutions to take advantage of the extension and submit their applications through the official portal.
It also emphasised its dedication to transparency, accountability, and providing sustainable financing solutions to remove financial barriers to higher education in Nigeria.
Established to administer the Nigeria Student Loan Scheme, NELFUND was enacted into law by President Bola Tinubu in April 2024.
The initiative provides interest-free loans to students in public tertiary institutions to cover tuition and living expenses.
Beneficiaries are required to repay the loans after completing their education and securing employment, aiming to increase access to higher education for students from low-income backgrounds.
By Adedapo Adesanya
The Nigeria Revenue Service (NRS) has inaugurated a Curriculum Review Committee aimed at strengthening taxation education in Nigerian academic institutions and improving the country’s tax administration system.
According to a statement, the committee was inaugurated on February 24, at the NRS Academy in Durumi as part of the agency’s broader efforts to modernise tax education and align academic training with the evolving demands of contemporary tax administration.
Speaking during the inauguration, the Director of the NRS Academy, Mr Adeolu Akinyemi, said the review exercise would involve collaboration with the Chartered Institute of Taxation of Nigeria (CITN) to develop a more structured and relevant curriculum for the academy.
He emphasised that the initiative seeks to ensure that taxation programmes taught in Nigerian institutions reflect current developments in tax policy and practice, while also equipping students with the practical knowledge required in today’s tax administration environment.
The committee has been tasked with examining existing taxation curricula across Nigerian institutions and proposing updates that incorporate modern tax policies, recent legislative changes, and emerging areas such as digital taxation and global tax practices.
Officials say the review is also designed to close the gap between theoretical classroom instruction and the practical realities of tax administration.
By strengthening the link between academic learning and professional practice, the revised curriculum is expected to better prepare graduates for careers in the tax sector.
The effort is further expected to enhance tax awareness among citizens, encourage voluntary tax compliance, and support the development of skilled tax professionals who can contribute to national revenue generation and economic growth.
The committee is chaired by Mrs Aisha Hamman Mahmoud, Special Adviser to the Executive Chairman of the NRS on Research and Statistics. Its membership includes representatives from the service as well as academic experts in taxation and fiscal policy, alongside professionals with experience in tax administration, policy formulation, and tax education.
The committee will work with relevant educational regulatory agencies and professional bodies to ensure that the proposed curriculum aligns with national academic standards while addressing the practical needs of Nigeria’s tax system.
The NRS stated that the initiative forms part of its ongoing commitment to expanding tax knowledge, strengthening professional capacity, and promoting responsible tax practices across the country.
The curriculum review exercise is expected to be completed within 60 days, after which the Service plans to provide further updates on the implementation of the revised programme.
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