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Education Sector in Nigeria to 2020 — Market Size and Intelligence Report
©Indalytics Advisors Indalytics.com 1
EDUCATION ...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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TABLE OF C...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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 Profiles...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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 Figure 1...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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PUBLICATIO...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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ABOUT THE ...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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EXECUTIVE ...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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RESEARCH M...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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ORGANIZATI...
Education Sector in Nigeria to 2020 — Market Size and Intelligence Report
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REPORT SA...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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On comple...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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which is ...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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FIGURE 1:...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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FIGURE 2:...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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FIGURE 3:...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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DISCLAIME...
Education Sector in Nigeria to 2021 — Market Size and Intelligence Report
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NOTES
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Education Sector in Nigeria to 2021 - Market Size and Intelligence Report - Indalytics Advsors

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The report ‘Education Sector in Nigeria to 2021 — Market Size and Intelligence’ discusses the current and forecasted market size of the Nigerian education sector. It segregates the market size on the basis of various level of education, starting from early childhood education to higher and technical education.

The report discusses the forecasted market size and year–wise growth of the sector till 2021, along with the various drivers, which will lead to this growth. It further talks about the various trends that are shaping the education sector.

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Education Sector in Nigeria to 2021 - Market Size and Intelligence Report - Indalytics Advsors

  1. 1. Education Sector in Nigeria to 2020 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 1 EDUCATION SECTOR IN NIGERIA TO 2021 — MARKET SIZE AND INTELLIGENCE REPORT © Indalytics Advisors business@indalytics.com www.indalytics.com June 2016
  2. 2. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 2 TABLE OF CONTENT  Education System in Nigeria  Current Market Size of Nigeria’s Education Sector o Market Size of Early Childhood Education in Nigeria o Market Size of Primary Education in Nigeria o Market Size of Secondary Education in Nigeria o Market Size of Higher Education in Nigeria o Market Size of Technical and Vocational Education in Nigeria  Forecasted Market Size of Nigeria’s Education Sector  Drivers Impacting Nigeria’s Education Sector o Increase in Population and Literacy rates o High Government Spending on Education o Increase in Income and Consumption Levels o Increase in Internet Penetration and Mobile Phone Usage  Trends in Nigeria’s Education Sector o Expansion of Higher Education o Foreign Companies Entering Nigerian Education Sector o Expansion in Education Technology o Focus on Mobile Education o Increasing Demand for Teachers  PEST Analysis of Nigeria o Political Analysis of Nigeria o Economic Analysis of Nigeria o Social Analysis of Nigeria o Technological Analysis of Nigeria
  3. 3. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 3  Profiles of Key Players o Andela o Bridge Water Academies o British Council o Pearson Nigeria o University Press  Annexure  Organizations Mentioned in the Report LIST OF FIGURES  Figure 1: Education System in Nigeria  Figure 2: Market Size of Education Sector in Nigeria — By Stages of Education  Figure 3: Market Size of Early Childhood Education in Nigeria — Public and Private Schools  Figure 4: Market Size of Early Childhood Education in Nigeria — Males and Females  Figure 5: Market Size of Primary Education in Nigeria — Public and Private Schools  Figure 6: Market Size of Primary Education in Nigeria — Males and Females  Figure 7: Market Size of Secondary Education in Nigeria — Junior and Senior Secondary Education  Figure 8: Market Size of Secondary Education in Nigeria — Public and Private Schools  Figure 9: Market Size of Secondary Education in Nigeria — Males and Females  Figure 10: Market Size of Higher Education in Nigeria — Public and Private Institutions  Figure 11: Market Size of Higher Education in Nigeria — Males and Females  Figure 12: Market Size of Technical and Vocational Education in Nigeria — Public and Private Institutions  Figure 13: Market Size of Technical and Vocational Education in Nigeria — Males and Females  Figure 14: Forecasted Market Size of Nigeria’s Education Sector — 2016 (E)–2021 (F)
  4. 4. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 4  Figure 15: Population of Nigeria — 2011 – 2021 (F)  Figure 16: Population of Nigeria — By Age Groups  Figure 17: Literacy Rate of Nigeria — Males, Females and Total  Figure 18: Population of Nigeria — Urban and Rural  Figure 19: Government Recurrent Expenditure on Education — As a % of Total Recurrent Expenditure — 2009 – 2016(E)  Figure 20: Per Capita GDP of Nigeria and Sub-Saharan Africa (PPP) — 2009 –2014  Figure 21: Internet Penetration (%) in Nigeria — 2011–2015  Figure 22: Active Mobile Phone Subscription (%) in Nigeria — 2011–2015  Figure 23: Pupil–Teacher–Ratio in Nigeria —2015 (E)  Figure 24: Break–up of GDP and Labor Force in Nigeria — Agriculture, Industry and Services  Figure 25: Gross Enrollment Ratio — Nigeria  Figure 26: Nigeria — Admission into Universities — By Faculty
  5. 5. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 5 PUBLICATION DATE June 2016 NUMBER OF PAGES 56 PRICE OF THE REPORT Single User: US$1,500 Multi User/ Enterprise: US$3,750 Visit www.indalytics.com or write to us at info@indalytics.com to know more about the report.
  6. 6. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 6 ABOUT THE REPORT The report ‘Education Sector in Nigeria to 2021 — Market Size and Intelligence’ discusses the current and forecasted market size of the Nigerian education sector. It segregates the market size on the basis of various level of education, starting from early childhood education to higher and technical education. The report discusses the forecasted market size and year–wise growth of the sector till 2021, along with the various drivers, which will lead to this growth. It further talks about the various trends that are shaping the education sector. The report concludes with the profiles of some of the private education companies, which are growing in Nigeria’s education sector.
  7. 7. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 7 EXECUTIVE SUMMARY Market size of Nigeria’s education sector is estimated to reach US$XX.XX billion by the end of 2016. Primary education — which spans six years and is compulsory for all — dominates the sector with XX.XX% share of the market. It is followed by junior secondary and senior secondary education, accounting for XX.XX% and XX.XX% of the market, respectively. Further, higher education accounts for XX.XX% and technical and vocational education constitutes XX.XX% of the total education market in Nigeria. The informal early childhood care development and education constitutes the remaining XX.XX% of the Nigerian education sector. The sector is forecasted to grow at a compound annual growth rate (CAGR) of XX.XX%, and reach US$XX.XX billion by 2021. The growth will be led by various factors such as increase in population, literacy rates and job prospects, improvements in income and consumption, high government spending, and rise in internet and mobile phone usage. The Nigerian education sector is also witnessing several trends, such as expanding higher education, increasing demand for teachers, foreign education companies entering Nigeria, and focus on mobile education and education technology.
  8. 8. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 8 RESEARCH METHODOLOGY This report has been prepared through the following comprehensive methodology: Market size of education sector has been defined as the aggregate of tuition fee and sale of books and study material for different segments of education — namely, early childhood education, primary education, junior and senior secondary education, higher education, and technical and vocational education. Enrollment estimates from both public and private education have been taken into account. Bases of all the figures are taken from the statistics provided by the government, ministries, as well as prominent organizations such as the World Bank, International Monetary Funds, UNESCO Institute of Statistics, World Factbook — CIA etc. The data is further validated through credible analyst reports, white papers by industry organizations, questioners and expert interviews.
  9. 9. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 9 ORGANIZATIONS MENTIONED IN THE REPORT Ahmadu Bello University Airtel Andela Babcock University Blackboard Bridge International Academies British Council Caterpillar, Inc. ChopUp Co-Creation Hub Nigeria Covenant University Dynamics Digital Learning Solutions Ebola Strikeforce EduSocial Edutech Advanced Business Solutions Gregory University Heinneman Intel Corporation Ladybird Microsoft Mountain Top University News Agency of Nigeria Obla Air Pearson Nigeria Plc Penguin Prentice Hall Samsung Business Samsung Electronics West Africa SoftCom Solutions Limited ukelearningafrica.com UNICEF University Press Plc
  10. 10. Education Sector in Nigeria to 2020 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 10 REPORT SAMPLE EDUCATION SYSTEM IN NIGERIA Formal education system in Nigeria is supervised by the Ministry of Education, and is governed by the federal government, as well as state governments and local governments. The education is compulsory and state–sponsored till 15 years of age. Formal education is segregated into early childhood/pre–primary, primary, junior secondary, senior secondary, and higher education. Education from early childhood till junior secondary falls under the Universal Basic Education (UBE) program of the government, as per the UBE Act, 2004. Further, as per the act, financing of basic education falls under the responsibilities of state and local governments, with the federal government allocating 2% of its Consolidated Revenue Fund for the same. Primary education is of six years, and starts at the age of four. The primary education is compulsory and state–sponsored in government schools. At this stage, students are taught elementary–level English language, Christian Religious Knowledge, Islamic knowledge studies, Mathematics, Science and one of the three main indigenous languages — Hausa-Fulani, Yoruba, and Igbo.
  11. 11. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 11 On completion of primary education, a student enters the second phase of Universal Basic Education, comprising of Junior Secondary Education. Junior secondary education spans for three years. Upon completion, students are required to take Junior School Certificate Examinations and pass it in at least six subjects, in order to continue their education. Junior secondary education’s curriculum includes English, French, Science, Technology, Mathematics, Social Studies, and one of the three main indigenous languages — Hausa-Fulani, Yoruba, and Igbo. The compulsory primary and junior secondary school education is followed by three years of senior secondary schooling. A student passing Junior Secondary Certificate Examination (JSCE) is enrolled into senior secondary school at Grade 10. While the core subjects include English, French, Mathematics, Science, Technology, Social Studies, and one of the three main indigenous languages — Hausa-Fulani, Yoruba, and Igbo, students can also choose to study a number of elective subjects. After completing Grade 12, students take the Senior Secondary Certificate Examination (SSCE), which is conducted by examination boards — West African Examination Council (WAEC), or the National Examination Council (NECO). Many private schools in Nigeria also offer the Cambridge International Examination curriculum that leads to IGSCE examinations after Grade 12. Students also have an option to go for technical and vocational education after junior secondary schooling. Nigeria’s National Board for Technical Education has a two–tier system of technical and vocational education —
  12. 12. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 12 which is offered at science technical schools, and leads to National Technical/Commercial Certificates (NTC/NCC) and Advanced National Technical/Business Certificates. NTC/NCC lasts three years after Junior Secondary School and is considered equivalent to the SSCE by the Joint Admission and Matriculation Board. The Advanced program, on the other hand, starts after grade 12, and is equivalent to undergraduate higher education. It includes two years of pre-entry industrial work experience and one year of full-time study. There are several government as well as private polytechnics, monotechnics and colleges of education providing technical and vocational education. Nigeria’s Federal Ministry of Education (FME) has also authorized private entities to run Vocational Enterprise Institutions (VEIs) and Innovation Enterprise Institutions (IEIs) — which offer vocational, technical, technology or professional education and training at post-basic and higher education levels. The institutions work as alternative to formal higher education, and intended to address the demand for skilled manpower in the country. Students passing Senior Secondary Certificate Examination are enrolled for formal higher education. Nigeria has 143 universities, including 61 private universities — governed by the National Universities Commission (NUC). Students have to attain minimum credits in SSCE and cut-off marks in Joint Admission and Matriculation Board Entrance Examination (JAMB), in order to enroll for higher education. The courses typically span from four to six years.
  13. 13. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 13 FIGURE 1: EDUCATION SYSTEM IN NIGERIA Source: Indalytics Advisors
  14. 14. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 14 FIGURE 2: MARKET SIZE OF EDUCATION SECTOR IN NIGERIA — BY STAGES OF EDUCATION Source: Ministry of Education; Indalytics Advisors Early Childhood Education, XX.XX% Primary Education, XX.XX% Junior Secondary Education, XX.XX% Senior Secondary Education, XX.XX% Tertiary Education, XX.XX% Technical and Vocational Education, XX.XX% Total Market = US$XX.XX billion Date = 2016 (E)
  15. 15. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 15 FIGURE 3: GOVERNMENT RECURRENT EXPENDITURE ON EDUCATION — AS A % OF TOTAL RECURRENT EXPENDITURE — 2009 – 2016(E) Source: Central bank of Nigeria; Indalytics Advisors FIGURE 4: BREAK–UP OF GDP AND LABOR FORCE IN NIGERIA — AGRICULTURE, INDUSTRY AND SERVICES Source: Indalytics Advisors XX.XX% XX.XX% XX.XX% XX.XX% XX.XX% XX.XX% XX.XX% XX.XX% 2009 2010 2011 2012 2013 2014 2015 2016 (E) XX.XX% XX.XX% XX.XX% XX.XX% XX.XX% XX.XX% GDP Labor Force Agriculture Industries Services 2015 (E)
  16. 16. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 16 DISCLAIMER No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, Indalytics Advisors Private Limited. The information contained in this report is of a general nature and is not intended to address any particular individual or entity’s circumstances. Although proper care has been taken to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. The publisher should not be held liable for any discrepancy in the information. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. Publication Volume: GCI-16-GL-02 Publication Date – June 2016 © 2016 Indalytics Advisors Private Limited For further information, please contact info@indalytics.com
  17. 17. Education Sector in Nigeria to 2021 — Market Size and Intelligence Report ©Indalytics Advisors Indalytics.com 17 NOTES

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