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JUNE 2011<br />

INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS VOL 3, NO 2<br />

come on board and advocate for the availability of quality educational opportunities that could be<br />

accessible to all. The right to education is paramount and part of the inherent dignity of all<br />

humans; it is a tool to facilitate communication and bring cooperation among societies and by<br />

extension a means of bringing peace, stability and more mutual understanding between<br />

communities and nations (UNHCR1966).<br />

According to international declaration and convention of human right, the right to education has<br />

been spelled out clearly, example Article 26, outlines the right of everyone to free, compulsory,<br />

elementary education with tertiary levels education to be made available to all without<br />

discrimination, although higher education may be merit-based. While recognizing an individual’s<br />

right to choose their form of education, the Declaration emphasizes that, “Education shall be<br />

directed to the full development of the human personality and that concurred with the mission of<br />

the Millennium Development Goals (MDGs) of achieving eight educational goals by the year<br />

2015 and that respond to the world's main development challenges.<br />

The MDGs were adopted by 189 nations during the UN Millennium Summit in September 2000.<br />

The goals which includes:<br />

• First eradicate extreme poverty and hunger;<br />

• Second, achieve universal primary education;<br />

• Third, promote <strong>gender</strong> equality and empower women;<br />

• Fourth, reduce child mortality;<br />

• Fifth, improve maternal health;<br />

• Sixth, combat HIV/AIDS, malaria and other diseases;<br />

• Seventh, ensure environmental sustainability;<br />

• Eighth, develop a global partnership for development.<br />

Source: UN Millennium Summit on MDGs reports, September 2000.<br />

Economic factors refer to the government expenditure on educational development and<br />

transformation strategies of a nation’s educational system which include: the financial recurrent<br />

expenditure budgeted for the realization of educational objectives of a country which basically<br />

differ from one country to another. But according UNESCO declaration (2006) stipulated that<br />

26% of every country’s annual budget should go to education, in which now some of the<br />

developing countries are yet to meet of up to this declaration and expectation, and this may be as<br />

result of lack of sound economic stability or lack of commitment towards the development of<br />

education. These factors have major impacts on how educational system operates both in terms<br />

of the provision of educational infrastructures, training of teachers, technical and professional<br />

expertise enhancement. As such there will be no any educational system that could work<br />

effectively without adequate and proper funding, but yet the situation in some of the developing<br />

countries particularly Nigeria is worrisome, this is because, the education sector is yet to meet up<br />

to some basic fundamental educational policy issues such as the controversy that exist between<br />

federal and local government on the management of basic primary education, decay in the public<br />

schools’ infrastructure, lack of qualified teaching staff, poor remuneration etc. which all of these<br />

is central to proper and adequate funding, commitment and selfless service to humanity.<br />

COPY RIGHT © 2011 Institute of Interdisciplinary Business Research 93

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