education sector in nigeria to 2021 - market size and intelligence report - indalytics advsors

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 [email protected] www.indalytics.com

June 2016



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



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)



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



PUBLICATION DATE

June 2016

NUMBER OF PAGES

56

PRICE OF THE REPORT

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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.



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.



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.



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



REPORT SAMPLE

EDUCATION SYSTEM IN N IGERIA

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.



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 —



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.



FIGURE 1: EDUCATION SYSTEM IN NIGERIA

Source: Indalytics Advisors



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)



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)



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Publication Volume: GCI-16-GL-02

Publication Date – June 2016

© 2016 Indalytics Advisors Private Limited

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