In the last seven years, the Nigerian Educational sector has witnessed a gradual increase in innovation with Education Technology (Edutech) platforms and other applications being launched, to deepen access to education especially for children from low-income households.
Furthermore, the global pandemic has also highlighted the need for institutions to accelerate investment in the use of digital platforms for learning, assessments and interactions. To this end, the Nigerian education sector offers opportunities for private investors to impact millions of young Nigerians particularly in the areas of low-cost & mid-cost basic education, education technology, publishing, teacher training etc.
The country's population is expected to reach about 401 million by 2050, with the population of young Nigerians in the 5- 19 year age bracket is expected to be just over 33%, the education market will continue to provide a huge potential for private participation.
The education sector holds huge potential for investors/partners/companies who are innovative with their investments, and come up with unique products/services/solutions that can solve any of the sector's numerous challenges such as:
Public and private demand for education at all levels will continue to increase as the population grows. The use of smart Edu-technology on a larger population size can surely provide a key to transformation and success.