Funding and the education sector in Nigeria have been two contradicting words with comparison to other sectors and it is quite paradoxical for the supposed Giant of Africa.

As of my last knowledge update in September 2021, I can provide you with an overview of the state of funding for education in Nigeria. However, please note that the situation may have evolved since then.
Nigeria has faced significant challenges in funding its education sector. The country has a large population and a high demand for quality education, but the allocated budget for education has often fallen short of meeting these needs. The funding gaps have resulted in various issues, including inadequate infrastructure, limited access to quality education, low teacher salaries, and insufficient learning resources.

The Nigerian government has acknowledged the importance of education and has made efforts to increase funding over the years. However, the percentage of the national budget allocated to education has generally been below the recommended benchmark of 15-20% set by UNESCO. In recent years, the allocation to education has ranged from 6% to 10% of the total national budget. In addition to government funding, Nigeria's education sector has also received support from international organisations, such as the World Bank, United Nations, and other development partners. These funds are often targeted at specific programs or initiatives aimed at improving access, quality, and relevance of education in the country.

Despite these efforts, the education system in Nigeria continues to face numerous challenges. Insufficient funding has contributed to a lack of adequate infrastructure, including classrooms, libraries, and laboratories. There is also a shortage of qualified teachers, especially in rural areas. Additionally, the lack of resources and outdated curriculum in some schools hampers effective teaching and learning.

In recent years, there have been calls for increased investment in education and reforms to address the funding gaps and improve the overall quality of education in Nigeria. It is important to note that the situation may have changed since my last update, and for the most accurate and up-to-date information, it is recommended to refer to the latest reports and news from reputable sources.