The President of Nigeria, Muhammadu Buhari has guaranteed that education funding will be heightened by 50% in the 2022 and 2023 Appropriation Bills respectively.
In a press release, on Monday, by his Media Adviser, Femi Adesina, The President vowed to heighten the education budget in the country by 50% for the next two years.
In a document labeled, Heads of State Call To Action On Education Financing Ahead Of The Global Education Summit, which was signed as a form of commitment at the on-going Education Summit in London, United Kingdom, The President expressed saying: “We commit to progressively increase our annual domestic education expenditure by 50% over the next two years and up to 100% by 2025 beyond the 20% global benchmark.”
He furthered his statement, saying:
“I join my brother, His Excellency, Uhuru Kenyatta, President of the Republic of Kenya to affirm our commitment to improve learning outcomes in our respective countries by ensuring equitable access to quality and inclusive education for all our citizens, with particular emphasis on the girl child.
“We fully endorse the call for more efficient use of resources and to significantly increase investment in education by strengthening institutions, promoting greater adoption of technology, building the capacities of our teachers and mobilising additional financial resources through legal frameworks and deliberate intervention on a sustainable basis.
“In this regard, we commit to progressively increase our annual domestic education expenditure by 50% over the next two years and up to 100% by 2025 beyond the 20% global benchmark. Let us, therefore, raise our hands in solidarity to build a more secure and prosperous future for our children.”
The conference was held by the United Kingdom’s Prime Minister, Boris Johnson, and Kenyatta, with the aim of providing opportunities for global leaders to pledge 5 years of aid to the GPE’s vision in the progression of educational systems in 90 nations around the globe.