Educational Benchmarks and Economic Recession in Nigeria: A Critical Analysis

Abstract

This paper discusses the effect of economic recession on standard of educational system in Nigeria. It gives and insight into the concept of economic recession and attempts a comprehensive description of the effect of economic recession on educational system. The factors that cause recessions and details of the various periods of great recessions in the Nigerian educational system were also highlighted. Some studies on the effect of economic recession on educational system in Nigeria were reviewed. Secondary source of data collection method was employed through the use of published books, journals and periodicals. It was concluded that economic recession has direct effect on educational system benchmark since most of the parents live below the poverty line. It was therefore suggested among others that, schools should look inward to generate more funds to execute school programmes since the government grant; subvention and allocations seemed to be going on the low side on yearly basis due to economic recession.