POLITICAL ECONOMY OF NIGERIAN EDUCATION

Authors

  • Dr. Chidi Nnebedum Department of Educational Management and Policy, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria Author

DOI:

https://doi.org/10.5281/zenodo.20233752

Keywords:

Political Economy, Education, Welfare Cost, Consumption Criteria, Normative Economics, Welfare Economics

Abstract

Education is an indisputable instrument for improving a country's social and economic conditions. The government invests in the education of her citizens. These investments are associated with expenditure and cost. The paper began with an introduction and thereafter explained the meaning of the welfare cost of education and the consumption criteria in education. This is followed by the concept of education and the benefits of educational development from individual and societal perspectives. Next, the influence of normative, welfare, and allocation economics on the scope and provision of educational facilities in Nigeria was discussed. It was recommended among others that the government should allocate 26% of the national budget to the education sector for the payment of wages and the purchase of equipment and facilities in the school system.

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Published

2026-05-17

Issue

Vol. 1 No. 1 (2026): April-June

Section

Articles

License

Copyright (c) 2026 Dr. Chidi Nnebedum (Author)

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How to Cite

Nnebedum, C. (2026). POLITICAL ECONOMY OF NIGERIAN EDUCATION. International Journal of Premium Multidisciplinary Innovative Research, 1(1), 39-46. https://doi.org/10.5281/zenodo.20233752

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