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The paper provides insights on the (mis)match between the Federal Government's Appropriations for education in relation to fulfilling its obligations towards education rights. Using budgeted expenditure on education from 2016 to 2018, the paper found that the Federal Government's financial commitments have not shown progressive achievements in meeting up with its education obligations. Also, in making use of available resources, priority has leaned towards non-Economic, Social and Cultural rights over education rights. The paper advocated action plans for both the legislature and civil society that borders on policy review pressure for equitable funding of all levels of education and possible litigation.

This study critically examines the effects of specific exogenous shocks-oil price shocks on Nigeria's external sector. Employing a Structural Macroeconomic Model (SMM) comprising of ten behavioural equations and four identities with quarterly data spanning from 1981 to 2015, the SMM simulations of the external sector found that oil price shocks do have significant impacts on the components of Nigeria's external sector. Specifically, while oil price shocks elicited varying responses from all components of Nigeria's external sector components, the simulated results showed very limited evidence of asymmetry in the responses to both positive and negative oil price shocks. For policy, the simulated responses of capital financial flows, foreign debt flows, imports, nominal exchange rates, reserves, remittances, and capital financial flows, reflect the over-dependence of the Nigerian economy on crude oil, and the justifiable need to diversify the Nigerian economy away from the oil sector.

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