Cordelia Onyinyechi Omodero

2 Publications in AERD

Author Publications

Tertiary Education Tax, Information Technology Development Levy and Funding of Educational System in Nigeria

By Cordelia Onyinyechi Omodero

Due to poor funding of education in Nigeria, there has been a lot of instability in the educational system which ranges from frequent industrial revolt to a complete shutdown of schools in the country. The situation has become unbearable for families that now have their wards sitting at home due to no academic activities going on in the institutions of learning. This is not just because of poor governance but has been majorly attributed to limited sources of income available for school funding. The study assesses the effectiveness of tertiary education tax and information technology development levy in providing the needed funds for schools. The secondary data employed for this study cover a period from 2010 to 2021 and the multiple regression model is applied for the analysis. The result reveals that education in Nigeria requires more funds as the tertiary education tax lacks the capacity to adequately fund academic activities in the country. However, information technology development levy exerts a considerable impact on education financing. Therefore, the study proposes that the government should exploit other funding opportunities from other national income sources to augment the tertiary education tax. Also, the government should improve the fiscal planning for education expenditure by reducing the funds for other less essential expenditure responsibilities in the annual budget. The study also suggests that the government should endeavor to address the issues affecting the educators so that they can continue their classroom activities without grievances. © 2023 Sciendo. All rights reserved.

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Higher education and economic growth of Nigeria: Evidence from co-integration and granger causality examination

By Cordelia Onyinyechi Omodero

This study investigates the level of co-integration between education and economic growth in Nigeria and the causality effect of education on economic growth. The study employs secondary form of data spanning from 2000 to 2018 and are sourced from UNESCO, World Bank and CBN statistical bulletin. The data are collected on GDP, education expenditure and gross enrolment ratio of higher education for the period under review. The study uses Johansen co-integration and Granger causality tests for analysis and the findings show that education and economic growth in Nigeria have a long term co-integration while Granger causality test reveals that education and gross enrolment ratio of higher education are not affecting economic progress and the GDP is not influencing both of them too. The implication is that if Nigeria’s educational system continues the way it is presently, it will remain a long term problem and will continue to negatively affect economic growth. Other countries will be benefiting from modern technologies through improvement on their educational system, but Nigeria may not be at the same pace if immediate policy changes in favor of education are not embraced. Thus, the study suggests major improvement on government’s annual budgets for education in order to decrease the population of out-of-school children and increase the stock of skilled human capital in the country. © 2020, Sciedu Press. All rights reserved.

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