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Education Sector in Nigeria to 2021 — Market Size and Intelligence

Education System in Nigeria
Current Market Size of Nigeria’s Education Sector
Market Size of Early Childhood Education in Nigeria
Market Size of Primary Education in Nigeria
Market Size of Secondary Education in Nigeria
Market Size of Higher Education in Nigeria
Market Size of Technical and Vocational Education in Nigeria
Forecasted Market Size of Nigeria’s Education Sector
Drivers Impacting Nigeria’s Education Sector
Increase in Population and Literacy rates
High Government Spending on Education
Increase in Income and Consumption Levels
Increase in Internet Penetration and Mobile Phone Usage
Trends in Nigeria’s Education Sector
Expansion of Higher Education
Foreign Companies Entering Nigerian Education Sector
Expansion in Education Technology
Focus on Mobile Education
Increasing Demand for Teachers
PEST Analysis of Nigeria
Political Analysis of Nigeria
Economic Analysis of Nigeria
Social Analysis of Nigeria
Technological Analysis of Nigeria
Profiles of Key Players
Andela
Bridge Water Academies
British Council
Pearson Nigeria
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

Education Sector in Nigeria to 2021 — Market Size and Intelligence

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.


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