Authors : Samuel Akinyemi, Adebisi Olorunfemi and Ofem Igot Bassey
Abstract: The study examines economic problems in the Nigerian economy and discusses the challenges facing the government in funding Universal Basic Education in such a depressed economy. The study argues that distortions in the economy may pose constraints to achieving sustainable universal basic education in Nigeria if inbuilt regulatory mechanism is not put in place. The study notes that much more fiscal resources are being spent on paying and servicing both external and domestic debts than is being spent on education. It argues further that monolithic nature of the economy also adversely affects the financial muscle of the government towards provision of the UBE. The study therefore justifies the case for compulsory and free universal basic education through having viable and stable economy. It also discusses key areas through which additional resources could be mobilized for funding and achieving sustainable compulsory and free universal basic education in a depressed economy, like Nigeria.
Samuel Akinyemi, Adebisi Olorunfemi and Ofem Igot Bassey, 2010. Funding Universal Basic Education in a Depressed Economy: The Case of Nigeria. Pakistan Journal of Social Sciences, 7: 85-89.