phd economics job in nigeria

UNIVERSITY OF NIGERIA, NSUKKA

DEPARTMENT OF ECONOMICS

 PhD programmes in Economics

The Department of Economics offers postgraduate programmes leading to the award of Doctor of Philosophy (PhD) degree in Economics.

In keeping with the goals of the University and in line with the Nigerian Universities Commission (NUC) minimum benchmark for Postgraduate programmes in Economics, the postgraduate programme run by the Department of Economics have been redesigned to promote advanced training and research in Economics. The Department of Economics was motivated to introduce PhD courses in order to: (1) bridge the gap between the Master’s degree holders trained in the Department and those coming from other universities (2) bring candidates who finished their master’s degree many years ago up-to-date with the current trend, (3) provide basic training in advanced economic theory, research methods and econometric modeling to enable students produce high quality publishable PhD research in economics and (4) to meet the NUC minimum benchmark for postgraduate programmes in the Nigerian universities. In other words, the PhD coursework is designed to ensure quality control.

NB: Senior lecturers and professors who teach postgraduate courses in Economics are required to follow the course contents sequentially and consult only recommended textbooks used worldwide to deliver postgraduate courses. Lecturers are not expected to deviate from this standard programme at all times.

The main objectives of the programmes are:

• To develop highly competent and versatile professional economists through the provision of relevant academic and professional courses which are required in order to meet the challenges of the Nigerian economy in the context of globalization.
• To continuously produce professional economists who are well armed to play positive roles towards the social and economic advancement of Nigeria, Africa and the world by playing advisory roles in government agencies, ministries and departments.
• The key objective of the Ph.D Programme is to train and develop       highly Professional economists, preparing and building up their independent intellectual capacity for sustainable and creative useful careers in teaching and research in higher institutions of learning, research and administration in research institutes, government, non-governmental/national and international organizations, business organizations and specialized consultancy services.
• To preparing students for a career in public and private services as well as in international institutions.

Stress Areas

The stress areas include Economic Theory, Econometrics, Monetary Economics, Labour and Industrial Economics, International Economics, Development Economics, Economic Planning, Mathematical Economics, Mathematical Statistics, Operations Research, Petroleum and Energy Economics, Finance and Public Sector Economics, Environmental Economics, and Health Economics.

Job Opportunities

The job opportunities for the holders of PhD degrees in Economics are quite numerous to mention. For example, holders of PhD degrees can work in the Central and commercial banks, the Ministry of finance, the National Planning Commission, the Budget of office, the IMF, the World Bank, teach in the universities or colleges of education and polytechnics as serve as advisers to government agencies or top government officials.

Mode of Study:

The mode of study for the PhD programme shall be:

• Full-time and

Thesis Requirements

The PhD programme shall consist of three components, namely, a course Work, Thesis Writing and Oral Defence. The course work would be for one academic session, and shall be taken only on a full-time basis. No candidate shall be accepted as a part-time PhD student who has not successfully completed the course work. Where appropriate, all courses failed must be repeated and passed before the student will be allowed to present his/her thesis proposal. Public servants who are admitted into the PhD programme must provide evidence of leave of absence or study leave permitting them to undertake the one year PhD course work after which they may be permitted to register on a part-time basis.

Each candidate shall submit appropriate number of bound copies of a supervised Thesis as the final requirement for the award of the PhD degree. The supervised thesis must be based on original research, which must be orally defended successfully before an appropriate panel of examiners. The thesis must represent a specific original contribution to economic knowledge. Prior to submission for oral examination, each PhD student must give at least three seminars as follows: (1) presentation of research proposal (2) presentation of progress report and (3) presentation of final report. On no account must any of the steps skipped for any student. Ph.D students whose works fail plagiarism tests will not be allowed to present their thesis proposals and may be asked to discontinue the programmme by the Departmental Board.

Admission Requirement

All candidates must:

• Possess the university minimum requirement for a B.Sc degree in Economics
• Have obtained a Bachelor’s degree from an approved university whose Economic Programme is accredited by NUC.
• Have a minimum of a Second Class Lower degree in the discipline with CGPA of not lower than 2.5 on a 5.0 point scale..
• Hold a Master’s degree in Economics with a CGPA of at least 4.0 on a 5.0 point scale.
• Submit a brief satisfactory statement of intended area of research.

Duration of the Programme

The duration of the PhD programme shall be:

Full-time: A minimum of six (6) semesters and a maximum of ten (10) semesters.

Part-time: A minimum of eight (8) semesters and a maximum of twelve (12) semesters

Requirements for Graduation

Minimum credit unit load is 30: Doctorate (PhD) programme Course Work (12 units), Seminars (6 units) and Thesis (12 units) making a minimum of 30 credit unit loads. A Doctoral (PhD) Thesis of 12 credit units must be defended before a panel of examiners of professional status.

Compulsory Courses:

Selected Topics in Advanced Macroeconomics                                                             4

Selected Topics in Advanced Microeconomics                                                              4

Research Methods and Econometrics                                                                             4

Seminars                                                                                                                                6

Thesis                                                                                                                                     12

Total                                                                                                                                       30

List of Supervisors:

• Professor Cletus Chike Agu, B.Sc, M.Sc (Ibadan), PhD (Wales). Area of Specialisation: Monetary Economics.
• Professor Stella Ifeoma Madueme, B.Sc, B.Ed, M.Ed, M.Sc, Ph.D, Ph.D (Nigeria). Area of Specialisation:  Economic Development
• Professor Hyacinth Ementa Ichoku, B.Sc , M.Sc (Nigeria), M.Sc, Ph.D (Cape Town). Areas of specialization: Health and Development Finance
• Professor Osita Ogbu, B.Sc (Nigeria), M.Sc., PhD (Howard). Area of Specialisation:
• Dr. Ezebuilo Romanus Ukwueze, B.Sc (Hons), M.Sc., PhD (Nigeria). Area of Specialization:

Development Economics

• Jude Okechukwu Chukwu, B.Sc (Hons), M.Sc., PhD (Nigeria). Area of Specialisation:
• Dr. Uche Mordecai Ozughalu, B.Sc (Nigeria), M.Sc, PhD (Ibadan).

Area of Specialisation: Development Economics.

• Emmanuel Onyenunam Nwosu, B.Sc (First Class Hons), M.Sc., (Nigeria), M.A. (Tsukuba), PhD (Nigeria). Areas of Specialisation: Development Microeconomics, and Microeconometrics,.
• Dr. Anthony Orji, B.Sc (Hons), M.Sc., PhD (Nigeria). Area of Specialization: Finance and Development
• Dr. Richardson Kojo Edeme, B.Sc., M.Sc (Deltsu), PhD (Nigeria). Area of Specialisation: Public Finance.
• Dr. Nathaniel Emeka Urama, B.Sc. (First Class Hons), M.Sc, Ph.D (Nigeria).

Area of Specialisation: Macroeconomics

Areas of Specialization for Doctorate (PhD) in Economics

• Economic Theory
• Industrial Economics
• International Economics
• Monetary Economics
• Finance & Public Sector Economics
• Development Economic
• Labour Economics
• Environmental Economics
• Health Economics
• Operations Research
• Petroleum & Energy Economics
• Economic Planning
• Advanced Economics
• Mathematical Statistics
• Mathematical Economic
• All such other areas of specialization that may be approved from time by the Senate of the respective university.

Compulsory Courses

Eco 601 Advanced Microeconomic Economic Theory and Policy 1 (first Semester)               ( 2 UNITS)

Advanced treatment of the Theory of the firm: technology of the firm; properties of the firm’s technology; profit maximization; weak axiom of profit maximization and comparative statics; Cost minimization; weak axiom of cost minimization and comparative statics results; Advanced treatment of Consumer behaviour theory and applications to practical issues such as contingent valuation methods, agricultural household models; Decisions under Uncertainty: expected utility theory; risk aversion; principal-agent problem; insurance markets.

Eco 602 Advanced Microeconomic Economic Theory and Policy 11 (Second Semester)       (2 UNITS)

Extensive treatment of theory of Games and its applications to the study of oligopoly models- classical and modern models. Market failures: externalities; public goods; and Asymmetric information; Introduction to mechanisms design. Institutional economics; economics of transaction;

Eco 603 Advanced Macroeconomic Theory and Policy 1 (first Semester)                                (2 UNITS)

Theories of Economic Growth and Fluctuations: Solow Model: Cross-country per capita income convergence; dynamic optimization, and applications to dynamics of economic growth; The new (Endogenous) Growth models and the challenge to the neoclassical models; Ramsey-Cass-Koopmans model and Over-lapping generations model, the role of Government purchases; real business cycle theory;

 Eco 604 Advanced Macroeconomic Theory and Policy 11 (second Semester)                        (2 UNITS)

The design of macroeconomic policy; Monetary and Fiscal Policies and economic stabilization; Instruments, Targets, and objectives; Feasible and optimal policy in a dynamic setting; Rational Expectations and other problems in optimal policy (Lucas critique) choice; the politics of policy-making. Review of Macroeconomic Models for Policy in African Countries.

 Eco 691 Research Methods I: Qualitative Research (first Semester )                                        (2 UNITS)

The design of economic research project: academic research proposal versus grant-seeking research proposal; identification and formulation of the research problem; formulation of main objectives and specific objectives; essence and techniques of literature review; documentation of literature sources; methodology: survey method, historical method, econometric methods, methods of experimental design. Theoretical and conceptual frameworks; Sources of research data; Sampling and sampling design (design and validation of research instrument): sample selection procedure and techniques of questionnaire design/administration; procedures for data collation (scoring and coding for computer analysis); data reduction: method of principal component, etc. The structure of the research thesis;

ECO 692 PhD Thesis                                                                                                                                            (12 UNITS)

The thesis must deal with a research problem chosen from the Candidate’s area of specialization. It must show familiarity with existing Literature and a mastery of research methodology. It must also make an original contribution to knowledge and be publishable. Before the completion of the PhD programme, the candidate must show evidence of journal acceptance for publication of an article extracted from the PhD topic.

Elective Courses

Eco 672 Research Methods II: Microeconometric Modeling (second Semester)                                  (2 UNITS)

Advanced treatment of Cross-sectional and panel data models: Analysis of household surveys using STATA and other softwares; poverty and inequality analysis and policy simulation; endogenous regressors, panel data models: first difference estimator; Fixed effect and random effects models; panel instrumental variables and dynamic panels; attrition problems. Limited dependent variable models: probit, logit, bivariate probit and multinomial logit models; Model Selection: two-step estimator and Heckman model selection. Impact evaluation techniques: propensity score matching, regression discontinuity design (RD); count data models. Computer/practical exercises.

Eco 606 Research Methods III: Time Series and macroeconometric modeling (second semester)   (2 UNITS)

Advanced treatment of Time series econometrics: Testing for stationarity; accounting for structural breaks in the data, cointegration and the estimation of error correction models; structural VAR models, ARIMA and GARCH Models; forecasting with ARIMA, GARCH and VAR and VEC models; introduction to macroeconometric model building; forecasting and simulations; Computer/practical exercises.

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Highest Paying Jobs for Economics Majors in Nigeria 2024

If you are an economics major in Nigeria, you may be wondering what kind of career options are available to you after graduation.

Fortunately, the skills you acquire during your studies can be applied to a wide range of fields, from finance and business to public policy and research. 

In this article, we will take a closer look at the top 10 highest paying jobs for economics majors in Nigeria.

Highest Paying Jobs for Economics Majors in Nigeria 2024 - Top 10

1. financial manager.

As an financial manager, you will be responsible  responsible for overseeing and managing the financial activities of an organization. This may include tasks such as creating and implementing financial plans, analyzing financial data and reports, developing budgets, managing investment portfolios, and making strategic financial decisions.

Additionally, you may be responsible for managing financial risk, ensuring compliance with regulations and laws, and providing financial guidance and advice to other departments and executives within the organization. Ultimately, your goal as a financial manager is to help your organization achieve financial stability, profitability, and success. 

To be a successful financial manager, you must have a strong foundation in finance and accounting, as well as a thorough understanding of relevant industry regulations and best practices.

Beyond these technical skills, effective financial managers must also be excellent communicators, able to clearly explain complex financial concepts and strategies to both colleagues and clients. They will often be responsible for leading and training staff members. 

The average salary for a financial manager in Nigeria is around ₦350,000 per month . 

2. Financial Analyst 

A financial analyst is similar to an economic analyst, but with a focus on financial markets and investments. You will use your knowledge of economics to analyze stocks, bonds, and other financial instruments, and make recommendations to clients based on your findings.

As a financial analyst, you will also be responsible for monitoring and interpreting financial news and trends, creating financial models and forecasts, and evaluating the performance and risk of investment portfolios. You may work for a financial institution, such as a bank or investment firm, or for a corporation or government agency.

To become a financial analyst, you typically need at least a bachelor's degree in finance, economics, or a related field. Some employers may prefer or require a master's degree or professional certification, such as a Chartered Financial Analyst (CFA) designation.

Strong communication and analytical skills are essential for success as a financial analyst, as you will need to explain complex financial concepts to clients and colleagues and make informed investment decisions based on data analysis. A strong understanding of financial markets, including current events and economic trends, is also crucial. 

The average salary for a financial analyst in Nigeria is around ₦350,000 per month.

3. Investment Banker 

As an investment banker, you will help companies and governments raise capital by underwriting and selling securities. You will also provide advice on mergers and acquisitions, and help your clients navigate complex financial transactions.

In this role, you will work closely with clients to review and evaluate their financial status and determine the appropriate strategy to achieve their financial objectives. You will also analyze market trends and assess risks associated with various investment options.

Your responsibilities will include developing financial models, preparing investment proposals, and coordinating with other professionals such as lawyers and accountants. You will also need to build relationships with investors, manage a team of analysts, and ensure compliance with regulatory requirements.

To be successful in this role, you will need excellent analytical and problem-solving skills, as well as strong communication and interpersonal skills. You will also need to have a deep understanding of financial markets, investment products, and regulatory requirements. Overall, working as an investment banker can be a challenging but rewarding career path for those who thrive in a fast-paced and dynamic environment.

The average salary for an investment banker in Nigeria is around ₦500,000 per month .

4. Economist 

As an economist, you will study and analyze economic issues, such as inflation, unemployment, and economic growth. You will use your knowledge to develop policies and strategies that help to improve economic conditions.

In addition to analyzing economic issues, economists also investigate the factors that influence economic activity, such as consumer behavior, business practices, and government policies. They may conduct surveys, collect data, and use statistical methods to analyze economic trends and patterns.

Economists work in a variety of settings, including government agencies, consulting firms, nonprofit organizations, and private businesses. They may focus on specific areas, such as healthcare economics or environmental economics, and work on particular projects, such as developing a cost-benefit analysis or evaluating the economic impact of a new policy.

Overall, economists play a critical role in shaping economic policy and helping to promote greater economic stability and growth. Their work affects everyone, from individual consumers to large corporations and entire nations, making economics a vital and dynamic field of study.

The average salary for an economist in Nigeria is around ₦300,000 per month .

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An actuary uses mathematical and statistical models to assess and manage risk. You will work for insurance companies, pension funds, and other financial institutions, helping them to determine the likelihood of certain events and calculate appropriate premiums or reserves.

Additionally, as an actuary, you will analyze data and create models to help these organizations make more informed decisions when it comes to investments, asset allocation, and financial planning. You will also be responsible for monitoring and managing risk over time, regularly updating models and making recommendations for any necessary changes.

Strong analytical and problem-solving skills are essential in this field, as is an aptitude for both written and oral communication. Additionally, proficiency in computer programming languages like Python and R is becoming increasingly valuable in the actuarial profession.

Overall, the work of an actuary is crucial in helping companies and individuals plan for the future and manage financial risk effectively.

The average salary for an actuary in Nigeria is around ₦400,000 per mont h.

6. Statistician 

As a statistician, you will use statistical techniques to analyze data and solve problems in a wide range of fields, from healthcare and education to social sciences and finance. You will collect and interpret data, design experiments, and develop models to help organizations make decisions based on data.

Your job may involve gathering and organizing data from surveys, experiments, or other sources, cleaning and checking the data for accuracy, and determining the appropriate statistical methods to use. You may also work on developing predictive models or analyzing complex data sets using advanced statistical software.

One important part of your job will be communicating your findings to others, including non-technical stakeholders. This may involve creating reports, presentations, or visualizations that clearly and accurately convey your analysis and recommendations. It is also important to keep up-to-date with new statistical methods and technologies in order to provide the most accurate and effective solutions for your clients or organization.

Overall, as a statistician, you will play a crucial role in helping organizations make data-driven decisions, solve complex problems, and achieve their goals more efficiently and effectively.

The average salary for a statistician in Nigeria is around ₦400,000 per month .

7. Management Consultant 

As a management consultant, you will work with organizations to improve their performance and profitability. You will analyze business processes, identify inefficiencies, and recommend solutions to help your clients achieve their goals.

Your job will involve working with different stakeholders, including executives, managers, and employees, to understand their needs, challenges, and objectives. You will use a variety of strategies and tools to assess the organization’s strengths and weaknesses, such as SWOT analysis, financial analysis, and operational analysis. Based on your findings, you will develop and implement strategies to optimize processes, streamline operations, and maximize profits.

Your role will require you to be a problem solver, critical thinker, and excellent communicator. You will need to work independently and as part of a team, and be able to manage multiple projects and deadlines. As a consultant, you will be expected to stay up-to-date with industry trends and best practices, and use this knowledge to develop innovative solutions for your clients.

To be successful as a management consultant, you should have a strong business acumen, excellent analytical skills, and a deep understanding of organizational dynamics. You should also have strong interpersonal skills and the ability to build relationships with clients and stakeholders. A degree in business, management, or a related field is typically required, as well as experience in consulting or a similar role. Certification from a recognized consulting body may also be beneficial

The average salary for a management consultant in Nigeria is around ₦300,000 per month .

8. Accountant 

As an accountant, you will be responsible for preparing financial statements, managing budgets, and ensuring compliance with tax laws and regulations. You will also provide advice to businesses and individuals on financial matters.

Additionally, you will be responsible for maintaining accurate financial records, analyzing financial data to identify trends and areas for improvement, and identifying potential risks and opportunities for your clients.

As an accountant, you may work in a variety of industries, including public accounting firms, corporations, government agencies, and nonprofit organizations. You may specialize in areas such as taxation, auditing, financial planning, or forensic accounting. Strong analytical skills, attention to detail, and excellent communication skills are essential for success in this field.

The average salary for an accountant in Nigeria is around ₦200,000 per month .

9. Market Research Analyst 

As a market research analyst, you will help companies understand their customers, competitors, and market trends. You will design and conduct surveys, analyze data, and present your findings to your clients.

Your job will involve gathering and interpreting information about consumer behavior, preferences, and attitudes. You will use statistical software and analytical tools to process and analyze large amounts of data, spotting trends and patterns that could be valuable to your clients.

You will also be involved in developing and implementing research strategies, designing questionnaires, and gathering data from primary and secondary sources. This may involve conducting interviews, focus groups, and online surveys.

Your research will help clients develop new products, strengthen their brands or market position, and make informed decisions about pricing, advertising, and promotions. You may also identify new market opportunities and gauge the potential demand for new products or services.

Key skills for this role include strong analytical abilities, excellent communication and presentation skills, and a knowledge of statistical methods and research techniques. You will also need to be comfortable working with data and be able to interpret complex information in a meaningful way for clients.

The average salary for a market research analyst in Nigeria is around ₦350,000 per month .

10. Data Scientist 

As a data scientist, you will use statistical and computational techniques to analyze large datasets and extract insights. You will work in a wide range of fields, from healthcare and finance to marketing and social sciences, helping organizations to make data-driven decisions.

Your role as a data scientist will involve defining problems, designing experiments or studies to collect data, cleaning and transforming data, and analyzing and visualizing data. You will use various statistical and machine learning techniques, such as regression, clustering, classification, and deep learning, to build models that can predict future outcomes or identify patterns in the data. You will also communicate your findings to stakeholders in a clear and concise manner and make recommendations based on your analysis.

To be a successful data scientist, you will need a strong foundation in mathematics, statistics, computer science, and domain knowledge in the field you are working. You will also need excellent problem-solving and communication skills, as well as the ability to work with large and complex datasets in different programming languages, such as Python, R, or SQL.

As the demand for data scientists continues to grow, it is a rewarding and challenging career path that offers opportunities for professional and personal growth, as well as the ability to make a meaningful impact on society through data-driven decision-making.

The average salary for a data scientist in Nigeria is around ₦350,000 .

In conclusion, there are many high paying job opportunities available for economics majors in Nigeria. From economic analysts and financial analysts to investment bankers and economists, the skills you acquire during your studies can be applied to a wide range of fields.

By pursuing one of these careers, you can put your knowledge of economics to use and make a meaningful impact on the economy and society. Whether you are interested in finance, research, or public policy, there is a job out there that is perfect for you.

So, consider the options listed in this article and start your journey towards a fulfilling and lucrative career in economics.

Looking to expand your skillset and get a high-paying career in economics?

Discover how you can acquire the most in-demand skills with our free report, and open the doors to a successful career.  Download the free report  today!

Want to take your economics career even further? Consider how an online BBA  or online MBA can help you develop these skills and increase your earning potential by showing you the skills to become an effective manager.

What is the minimum qualification required for high paying jobs in economics in Nigeria?

The minimum qualification required for high paying jobs in economics in Nigeria is a bachelor's degree in economics. However, some employers may require a master's degree or relevant professional certifications.

How much work experience is needed to get a high paying job in economics in Nigeria?

The amount of work experience required to get a high paying job in economics in Nigeria varies depending on the position and the employer. Some employers may require several years of relevant work experience, while others may offer entry-level positions for recent graduates.

What skills are required to succeed in high paying jobs for economics majors in Nigeria?

To succeed in high paying jobs for economics majors in Nigeria, you will need a strong analytical and quantitative skillset, as well as excellent problem-solving, communication, and critical thinking skills. You will also need to be proficient in the use of relevant software and tools, such as statistical software and databases.

Learn how to develop the most in-demand skills for your future career!

Discover how you can acquire the most in-demand skills with our free report, and open the doors to a successful career. 

What industries offer the highest paying jobs for economics majors in Nigeria?

Industries that offer the highest paying jobs for economics majors in Nigeria include finance, investment banking, consulting, government, and research. However, there are also opportunities in healthcare, education, and technology.

How can I improve my chances of getting a high paying job in economics in Nigeria?

To improve your chances of getting a high paying job in economics in Nigeria, you should focus on building a strong academic and professional background, gaining relevant work experience, networking with industry professionals, and staying up-to-date with the latest trends and developments in the field. You can also consider pursuing additional certifications or advanced degrees to enhance your skills and knowledge.

Want to take your economics career even further? Consider how an online  BBA  or online MBA in Nigeria can help you develop these skills and increase your earning potential by showing you the skills to become an effective manager. Regardless of your physical location .

Known for strategy and attention to detail

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He is passionate about using data and customer insights to improve marketing performance.

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Nigerian University Offers Job, PhD Scholarship to 2 Masters Students Who Graduated with 5.0 CGPA

• Baze University in Abuja has awarded a $20,000 prize to Farid Hammayo, its best graduating student, who achieved a 3.96 CGPA in Economics
• Additionally, the university has offered job or full PhD scholarships to postgraduate students Susan Obasi and Adeola Ayoola, both of whom earned perfect 5.0 CGPAs
• The awards is believed to highlight Baze University's commitment to academic excellence and student succes s

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Baze University , a prestigious private institution in Nigeria’s capital, has announced an impressive $20,000 prize for its best graduating student, Farid Hammayo, during its 11th convocation ceremony over the weekend.

The 21-year-old Hammayo earned this recognition by graduating with a 3.96 Cumulative Grade Point Average (CGPA) on a 4.0 scale, securing a Bachelor of Science (BSc) degree in Economics.

Recognition of Academic Excellence

The Chancellor of Baze University , Yusuf Baba-Ahmed, lauded Hammayo's remarkable academic performance while announcing the prize.

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Mr. Baba-Ahmed also revealed incentives for the top postgraduate students, Susan Obasi (MSc Management) and Adeola Ayoola (M.Eng Civil Engineering), both of whom achieved a perfect 5.0 CGPA.

Baze University awards $20,000 prize to its best graduating student Farid Hammayo who had 3.96 CGPA

As a reward for their outstanding achievements , Mr. Baba-Ahmed offered them a choice between a full tuition-free PhD scholarship or a job opportunity at Baze University .

Celebrating Graduates and Honorees

The convocation was in honour and celebration of a community of 749 graduates of Baze University. Among them, 30 First Class graduates stood tall, each one a beacon of excellence.

The celebration also carried a poignant note with the posthumous honor bestowed upon the late Wazirin Dutse, Mukhtar Muhammad, a man of legacy and service.

Commitment to Academic Excellence

Another first class graduate from the University of Ilorin, Ebiomafari Omowunmi who spoke with Legit.ng offered advise on how students can achieve academic excellence:

“My advice to anyone navigating university life is to embrace the beauty of human connection. Don’t be afraid to reach out, listen, and learn from others. Nurture those relationships, and they will become the greatest treasures of your university experience. A testament that the Lord is intentional about me. Celebrate progress and learn from setbacks. Reflect on what you did wrong and right to scale your growth. Celebrate your milestones. You’ve done well for yourself. Don’t compare. You can use others’ achievements to get better but don’t let it weigh you down. One way I celebrate every semester is by treating myself to a good meal. I deserve a well-done!”

Nigerian-born American professor of medicine hailed over Biden Lifetime Achievement award

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Hit or miss? Fact-checking former lawmaker Dakuku Peterside's statistics advising Nigeria's new education minister

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12th November 2024 By: Africa Check

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Nigeria's new education minister, Dr Tunji Alausa , is still getting used to the job after being appointed on 24 October 2024 following a cabinet reshuffle .

But he won’t be short of advice, including from former federal lawmaker, Dakuku Peterside , who wrote an article published in several newspapers , advising Alausa on how to fix the education sector.

Peterside headed the Nigerian Maritime Administration and Safety Agency from 2016 to 2020. In the article titled Tunji Alausa and Nigeria’s Grand Education Strategy , Peterside made many claims . 

We fact-checked 10 of them.

Claim: “The World Bank reports that Nigeria’s education sector is severely underfunded, with only about 7% of the federal budget allocated to education in 2024.”

Verdict: incorrect.

Peterside attributed the 7% statistic to the World Bank , but did not specify where this had been published. We have asked him to provide evidence for all the claims we have fact-checked and will update this article with his response. 

We checked the 2024 budget documents on the federal budget office's website and found Peterside's percentage incorrect.

The data shows that N1.59-trillion (about US$950-million at current rates ) was allocated to the federal ministry of education and all its agencies and parastatals in 2024. 

In addition, a statutory allocation of N700-billion was made to the Tertiary Education Trust Fund – an intervention agency set up to provide additional support to Nigeria's public tertiary institutions. 

N74.44-billion was also earmarked in the form of service-wide votes , a contingency budget. In total, the education sector received N2.36-trillion out of the N28.78-trillion federal budget. 

This works out to 8.2% of the budget, not 7% as Peterside claimed. – Allwell Okpi

Claim: Education funding is “well below the Unesco-recommended 15-20% needed to make a meaningful impact”.

Verdict: mostly correct.

Peterside compared Nigeria's education budget for 2024 with the “Unesco recommendation” of 15 to 20% of the national budget often -cited . Some claim that this is set at a higher 26% .

While there is evidence of a benchmark of 15 to 20% of total public expenditure on education, it is not a recommendation of the United Nations Educational, Scientific and Cultural Organization (Unesco) alone.

The benchmark was part of the Incheon Declaration for Education 2030 adopted at the World Education Forum 2015 in Incheon, South Korea in May 2015. The forum, organised by Unesco and several other UN agencies, was attended by more than 1 600 participants from 160 countries, including more than 120 ministers, heads and members of national delegations.

Paragraph 14 of the declaration calls for increased public funding for education “in accordance with country context and urge adherence to the international and regional benchmarks of allocating efficiently at least 4–6% of Gross Domestic Product and/or at least 15–20% of total public expenditure to education.” – Allwell Okpi

Claim: “In primary education, over 10.5-million Nigerian children are out of school.”

Verdict: understated.

For more than a decade, “over 10.5-million” has been used to quantify the number of out-of-school children in Nigeria, Africa’s most populous country. 

Africa Check first looked into this in 2017 , when Nobel laureate Malala Yousafzai claimed that the country had “the highest number of out-of-school girls in the world”. 

The Malala Fund said the source of the claim was the Nigeria page of Unicef .

We found that the figure of 10.5-million out-of-school children was derived from 2010 enrollment statistics from Nigeria’s education ministry. Unesco revised this figure to 8.7-million in 2014, following new population data. 

More recent figures

The agency has since published much higher figures. Its 2023 Nigeria Education Fact Sheet estimated that 12.9-million children between the ages of five and 14 were out of school. A further 4.9-million at the senior secondary level were also not in school. 

This data was obtained from the 2023-24 Multiple Indicator Cluster Survey, which collects detailed data on the well-being of children and women every three to five years. 

In a statement in May 2024, Unicef put the figure at 18.3-million . We have asked the agency for its best estimate and will update this claim with their response.  

Unesco’s 2024-2025 Global Education Monitoring Report estimated that 18.2-million Nigerian school-age children are out of school. This figure is made up of 8.58-million children out of school at primary level, 4.06-million at junior secondary level and 5.54-million at senior secondary level.

The report drew on national household surveys and censuses for its data.

The claim is correct in saying “over” 10.5-million, but the available evidence shows that the number is significantly higher. – Allwell Okpi

Claim: Nigeria has “the highest rate globally for out-of-school children”.

Peterside also claimed that Nigeria had the highest rate of out-of-school children in the world. 

The rate of out-of-school children is the percentage of a country’s school-age population not attending school.

The available data shows there are other countries with higher rates than Nigeria.

A 2019 factsheet by Unesco’s Institute for Statistics shows that South Sudan (62%), Equatorial Guinea (55%), Eritrea (47%) and Mali (41%) have the highest out-of-school rates in the world. 

Nigeria’s out-of-school rate is 26% for children of primary school age , 25% at the junior secondary school level, and 34% at the senior secondary level, according to Unicef’s 2023 Nigeria education factsheet . – Allwell Okpi

Claim: The majority of out-school children are in the northern regions affected by poverty and conflict.

Verdict: correct.

There is available data to support this claim. Unicef’s 2023 Nigeria education factsheet showed that states in the northern region of Nigeria had higher rates of out-of-school children than those in the south. Seven states had rates above 50% at the primary level.

The states are Bauchi, Borno, Gombe, Kebbi, Sokoto, Yobe and Zamfara. All are in the north. This means that every second child of primary school age in these states is not in any form of education, the document says. 

On the other hand, some states, such as Imo, have extremely low rates of out-of-school children, at 1%. Imo is in the south. Other southern states such as Ekiti, Lagos, Abia, Bayelsa, Cross River, Akwa Ibom, Ebonyi, Rivers and Ondo have rates of less than 5% .

‘Nigeria’s out-of-school burden comes mainly from the north’

Poverty and the large population in the north were to blame for the high number of out-of-school children, Adedayo Abdulkareem , a professor of educational management at the University of Ilorin in north-central Nigeria, told Africa Check. 

Abdulkareem also said in the north, parents who could not afford to send their children to formal schools sent them to what were called Islamiyya.

Islamiyya typically refers to Islamic schools that focus on religious education for children and young people, especially in Arabic and Islamic studies.

“The children are then allowed to wander about to fend for themselves, and in some villages, they prefer allowing their boys to go to Islamic education,” Abdulkareem said. – Allwell Okpi

Claim: Girls make up over 60% of the out-of-school children in Nigeria.

Verdict: exaggerated.

Peterside advised the new minister to pursue specific initiatives for girls, claiming that they made up more than 60% of out-of-school children in Nigeria. 

Unicef’s 2023 factsheet on education in Nigeria estimated that 8.98-million children of primary school age were out of school. Of these, 4.47-million were female, or 49.8 %.

At the junior secondary level, girls accounted for 2.01-million out of the 3.92-million out-of-school children, or 51.3 % . 

This shows that there is almost gender parity among out-of-school children in Nigeria .

“In some societies, they believe that when you educate a female, they will go to other families where they get married. So there will be no [return on investment],” Abdulkareem from the University of Ilorin told Africa Check. 

“They [out-of-school children] are all over the place. Because of the economic situation, there is likely to be more. When you go around you see them hawking during school hours.”

Abdulkareem believed that the National Commission for Almajiri and Out-of-School Children Education , established in May 2023 under the direct supervision of the education ministry, would help reduce the number of out-of-school children. – Allwell Okpi

Claim: “[There are] approximately 2-million applicants vying for less than 600 000 [tertiary education] spots each year.”

Nigeria's tertiary education sector was drastically failing to meet demand, the former lawmaker said.

The Unified Tertiary Matriculation Examination is the entrance examination into universities, polytechnics, colleges of education and other tertiary institutions in Nigeria. It is conducted by the Joint Admissions and Matriculation Board . 

In April 2024, the registrar of the board, Prof Ishaq Oloyede , announced that 1 989 668 candidates had registered for the 2024 examination, including those who registered at foreign centres. There were 1 595 779 candidates registered in 2023 . 

In 2022 , when 1.8-million candidates registered, 557 626 candidates were admitted into Nigerian universities. In 2021, 312 666 students were admitted to universities. 

The former minister of education also set the expected acceptance rate at 20% of the candidates. For example, 20% of the 2024 candidates is about 400 000 – less than 600 000. – Muktar Balogun

Claim: Nigeria’s graduate unemployment rate is 33%.

The National Bureau of Statistics (NBS) calculates Nigeria's unemployment rate. A person is considered unemployed if they are not employed but are actively seeking work and are available to start work.

Anyone who worked for one hour in the seven days before the bureau’s survey is considered to be employed.

A graduate is someone who has successfully completed a course of study at a school, college, or university and usually received a diploma, degree or other formal recognition. 

The NBS does not collect data specifically on unemployment of graduates, but covers unemployment of those with post-secondary education, which would include graduates.

The unemployment rate for people with a post-secondary education was 9% in the first quarter of 2024.

We looked at other sources. The World Bank defines advanced education as a short-cycle tertiary education, a bachelor’s degree or equivalent education level, a master’s degree or equivalent education level, or a doctoral degree or equivalent education level.

The bank's latest data on the unemployment rate among Nigerians with advanced education is from 2022, and it says 7% of people in this category were unemployed. This seems in line with Peterside's definition.

‘Graduate unemployment rising amid economic crisis’

While the available data does not support the claim, Gafar Ijaiya , a professor of economics at the University of Ilorin in north-central Nigeria, told Africa Check that the latest unemployment figures released by the NBS do not reflect reality. 

Ijaiya said many graduates were looking for jobs, and the problem of graduate unemployment started a long time ago. “In the past, you would not need a university degree to prosper,” he said, citing his experience. That was the case because jobs were available, he said.

“In this kind of economy, graduate unemployment will continue to rise,” he said. The country's economy is struggling . 

Ijaiya encouraged graduates to get involved in any job for a start, noting that universities were now including entrepreneurship in the curriculum to combat unemployment. – Muktar Balogun

Claim: “Over 50% of Nigerian teachers lack the qualifications to teach effectively.”

Nigeria defines qualified teachers as those who “hold the minimum teaching qualification of the Nigeria Certificate in Education (NCE) or a postgraduate diploma or certificate in addition to a university degree or equivalent qualification”.

Africa Check accessed statistics from the Federal Ministry of Education and the Nigeria Education Management Information System (Nemis). 

The 2022 data shows that Peterside was way off the mark.

There were then 915 593 primary teachers, of whom 662 260 were qualified. This brought the proportion of qualified primary teachers to 72.34%.

There were 416 291 teachers at the junior secondary school level , and 309 747 were qualified, giving a percentage of 74.37%.

The lowest percentage of qualified teachers was at the senior secondary level (64.24%). There were 523 120 teachers and 336 549 qualified teachers.

Overall, the percentage of qualified teachers in both private and public schools in Nigeria is 70.54%.

In Abdulkareem's view, the percentage of qualified teachers could be higher if the country's colleges of education had adequate funding. – Muktar Balogun

Claim: “Data from the Federal Ministry of Education shows that only 30% of secondary schools have access to functional libraries.”

The Universal Basic Education Commission (Ubec) is an organisation established by the federal government to ensure that every Nigerian child has access to basic education. 

The commission has 2022 data on schools with libraries, covering primary and junior secondary schools. In its data, Ubec classified junior secondary schools with libraries as usable or not. 

According to the data , 19 364 libraries were usable, and 1 550 were unusable, making a total of 20 914 libraries. The number of schools in the report was 38 217, bringing the percentage of junior secondary schools with functional libraries to 50.67%.

The data, however, excludes senior secondary school, which is outside of the commission's scope. However, the norm is for both junior and senior secondary schools to be together and for the school to have one library. 

This means that most of the libraries counted for the junior secondary school would also be counted for the senior secondary school.

So, we rate the claim as incorrect.

‘School library coverage remains low in Nigeria’

It was unfortunate that library coverage in primary and junior secondary schools in Nigeria remained low, Okee Okoro , a professor who teaches library and information science at Imo State University in south-east Nigeria, told Africa Check.

“We are way into the 21st century and behaving as if we are still in the 18th century. Everyone knows libraries are important, but unfortunately, many people, including governments and organisations, do not behave that way. 

“Even in universities, libraries don’t buy newspapers, which means that newspapers that could be research material are lost,” he said.

Okoro, who was a librarian at the university for 10 years, said the library did not buy a single newspaper during his time there.

He noted the importance of the phrase “catch them young” but said the Nigerian government had not done enough over the years to do so.

“If you have libraries and make students go through the tutelage of how to use, read and consult books, they will grow into better students. – Muktar Balogun

This report was written by Africa Check. , a non-partisan fact-checking organisation. View the original piece on their website.

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