Published March 5, 2023

Teachers are a group of people responsible for equipping people with the skillsets to build and develop their immediate society, but more often than not, they end up forgetting to build and develop themselves most especially their financial life. Most teachers barely earn the minimum wage and find it difficult to feed themselves and their families as well as providing other basic necessities.

According to the CNBC, Up to a quarter of teachers leave the profession every year and about 20% resort to second jobs.


Low Financial Status of Teachers

Teachers usually devote time, energy and resources, to ensure that numerous generations are imparted with the knowledge that puts them in a position of power, soon or later. They are committed to the project of educating people within a structured environment, to equip them with the skillsets to build and develop their immediate society. 

Everyone would agree that the task undertaken by teachers is a sacred one as the future of the society and the general populace rests heavily on the shoulders of these people. However, the reality of these sets of people doesn’t reflect the importance of their tasks.

Teachers are one of the least paid professionals in Nigeria. Regardless of the nature of their employment (government or private institutions), the level of remuneration for teachers is so low and poor that it gets appalling and disgraceful sometimes. 

While teachers have devoted their physical and emotional resources to nurturing seeds and tenderlings that would grow the society, it appears that the society (government and general populace) has decided to allow teachers to wither away.


Financial Instability of Teachers

Financial stability, according to the IMF, is a condition where an individual’s mechanism for allocating pricing and managing risks is functioning well enough to contribute to the overall economy of the state. 

This means that financially stable people can purchase things they want and also manage other financial risks. A review of the salary scale for government teachers shows that teachers may never achieve financial stability by living solely on their salaries.

The salary structure shows that the government either doesn’t understand the gravity of the tasks saddled by teachers or is just being wicked and heartless to professionals whose efficiency determines the future of any country. 

The salary scale is not reflective of the current economic conditions prevalent in the country, as the salaries are too small and are not enough to cater to the needs of teachers. 

As if that is not bad enough, the government has a reprehensible culture of owing its teachers for months. The situation with teachers employed in private schools is not any different. The prevalence of this appalling culture has led to the deterioration of the education sector and its effects are already telling on society.


EdTech to the Rescue

However, there seems to be a solution in view for all parties involved. As we all know, technology makes everything better, most time. This time, technology seems to have extended its Midas touch to the education sector through the concept of EdTech. 

EdTech is the combination of the words “Education” and “Technology” and it refers to the use of computer hardware and software to create education systems that provides education to people regardless of their location or proximity to the educator. 

With EdTech as long as the parties involved possess an internet-enabled device, they can impart knowledge seamlessly without any problem. This system doesn’t only work for students in a structured learning environment, it also works for older people who cannot afford to enroll in a structured learning environment.


Convenience of EdTech

EdTech has been around for some time, and its features could signal the beginning of a new era for the education sector, especially with regards to teachers’ remuneration and their financial stability. The first advantageous feature that could help teachers achieve a better financial status is the creation of educational materials for sale. This is the major feature that deals with the generation of substantial income for teachers. 

Through EdTech, educators can create courses and learning materials for people who are interested in learning for a fee. This fee goes directly to the educators and serves as a source of income for them.

Another way through which EdTech helps teachers is that it allows them to take on other activities that bring in money for them. Once they have created the courses and learning materials, they can devote their energy to other endeavors while the courses rake in money for them. 

Finally, the last advantage for teachers is the ease with which the education process occurs. 

The introduction of EdTech has created an education system with diverse methods and features. These methods ensure that students can learn using different approaches and channels. If a student feels more comfortable with the text, they get text-based learning materials. Those who assimilate better with audio or video materials get learning materials in that form. At the end of the day, the educators and students get to enjoy the learning process.


EdTech Reviews

Many teachers have adopted this concept and are better off for it. In Lagos, the economic capital of Nigeria, many educators are adopting the EdTech routing and raking in a considerable amount of money for themselves in the process. While many of these educators opt for EdTech as an alternative source of income, others are solely focused on the concept after seeing how lucrative it is.