Educational Finance in Pre-Covid and Covid-19 Era in Nigeria: What has changed and Way Forward

For few decades, education has been receiving financial attention from the government and other concerned personnel in the society owing to the general belief that education is the key that opens great door of sustainable development to any country of the world; it is the major tool for individual, national, socio-economic development, poverty eradication and it should be adequately financed to have desired results. Unfortunately education is still underfunded in Nigeria despite enormous resources invested in it in form of allocations yearly. This has over the years exposed the educational sector of Nigeria to drastic ruin as a result of mismanagement of allocated resources and other functional financial fraudulent acts in the sector. Few years back the world experienced global economic meltdown (recession) which also led the Nigerian education sector to struggle with meeting its financial obligations and while the nation was witnessing this, the unexpected outbreak of coronavirus (covid-19) pandemic occurred forcing the sector to experience extremely lack of finance to keep the sector moving. To justify this insinuations this paper reviewed the financing of the educational system in pre-covid and covid-19 era in Nigeria; what has changed over the years, the challenges associated with the changes and the way forward in form of recommendations.

Get Real! Inflation Adjustments of Educational Finance Data

Use of education finance data is ubiquitous. Yet, because the academic calendar circumscribes two calendar years, researchers have linked the Consumer Price Index (CPI) to three different dates: fall, spring, and academic fiscal years. We demonstrate that linking the CPI to these different academic years results in identifying different trends in U.S. educational spending during the Great Recession. Descriptive inferences should not be sensitive to researcher discretion about merge years. We provide an easy-to-use software package to facilitate implementation of National Center for Education Statistics guidelines in the hope that future analyses of education finance data will explicitly and consistently apply inflation adjustments.

Diseminasi Pola Pengelolaan Keuangan Rumah Tangga: Perencanaan Biaya Pendidikan

How low the financial literacy of many housewives as the ones who are in charge of the family’s finance in Indonesia causes many families who do not have an educational financial planning. This causes how common it is for some people who could not go to school because of their family’s financial problem. The purpose of this program is to show how it is to maintain the family’s financial status, to increase the awareness of how important educational financial planning is and to show how to plan their children educational finance. This program was held on Sunday, Dec 2nd at 4.05-6.00 pm and was participated by 24 community members. The visit was done by giving lecture, quiz, question & answer, and discussion. The participants were really enthusiastic and active through the whole activity and wanting to attend the same activity with a different topic. An activity with different topic can be held with either the same or different community. The topics they suggested were how to save money, how to choose an insurance company, how to choose something to invest and how to raise children in a digital era.