Pattern of Education Expenditure and Manpower Needs: Implication on Educational Standard
International Journal of European Studies
Volume 1, Issue 1, February 2017, Pages: 1-6
Received: Mar. 10, 2017; Accepted: Mar. 28, 2017; Published: Apr. 15, 2017
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Richardson Kojo Edeme, Department of Economics, Faculty of Social Sciences, University of Nigeria, Nsukka, Nigeria
Sunday Okubor Ijieh, Department of Economics, School of Arts and Social Sciences, College of Education, Agbor, Nigeria
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A basic trend observable in education expenditure in Nigeria over the years in the inconsistence in the pattern and amount budgeted to the sector and in most cases not meeting the recommended UNESCO standard. In this study, we present an overview of the trend of government expenditure on education and how this has impacted in meeting the manpower needs and educational standard in Nigeria. Analysis of data reveals that for the period covered by the study, expenditure on education has not been consistent and did not follow a definite pattern and this has resulted in the shortfall of qualified manpower in some subjects such as Engineering and Medicine, requiring so many years to meet the shortfall. Also there exist a yawning gap between demand and supply in manpower and the duration of meeting the gap were alarming. Bearing all things constant, it will take 41 years, 7 years, 48 years, 44 years, 86 years, 12 years, 16 and 38 years to meet the manpower needs in Commerce, Business Methods, Agriculture, Home Economics, Food and Nutrition, Home Management, Clothing and textiles and Introductory technology respectively. This partly explains the declining education standard. In view of this, there is need for government to take the necessary steps clearly focused on adequate investment in transforming the education sector. Greater proportion of the nation’s annual budget should be allocated to education so as to meet the challenges of manpower needs in the critical disciplines.
Government Expenditure, Education, Manpower Needs, Educational Standard
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Richardson Kojo Edeme, Sunday Okubor Ijieh, Pattern of Education Expenditure and Manpower Needs: Implication on Educational Standard, International Journal of European Studies. Vol. 1, No. 1, 2017, pp. 1-6. doi: 10.11648/j.ijes.20170101.11
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