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In 2023, Kiribati took the lead in global educational investment by allocating 16.4% of its budget

Key Takeaways:

In 2023, Kiribati spent the largest % of its GDP on education, amounting to 16.39%.
Kiribati, Tuvalu, and Vanuatu each allocated over 10% of their GDP to education.
Bolivia and the Solomon Islands each directed around 8.3% of their GDP spending towards education.
The top ten countries dedicated approximately 6.6% to 16.4% of their GDP to education.

From 2012 to 2022, Nigeria's government expenditure on education decreased from 0.55% of GDP to 0.35%

Key takeaways:

Throughout the decade, Nigeria saw a consistent decline in education funding as a percentage of GDP.
The most substantial allocation occurred in 2012 at 0.55% of GDP.
The lowest allocation was noted in 2022 at 0.35% of GDP.
There was a brief recovery from 2017 to 2018 before the downward trend resumed in 2019.
Over the decade, the overall reduction in education spending relative to GDP was approximately 36.5%.
Nigeria's education spending as a percentage of GDP is significantly lower than the UNESCO recommendation of 4-6% for developing nations.

The cost of running Nigeria's presidential air fleet in 2024 has increased by 366% from 2017

President Tinubu's government recently added a new aircraft to the presidential fleet, sparking concerns over rising maintenance costs. From 2017 to 2024, the cost of maintaining Nigeria's presidential air fleet has increased by 366%, jumping from ₦4.4 billion to ₦20.5 billion. The Presidency argues that the new jet will save millions in maintenance and fuel costs.