Need To Improve Education Funding

At a recent education summit in the United Kingdom (UK), President Muhammadu Buhari made a pledge to increase Nigeria’s budget for the education sector by 50 per cent in the 2022 and 2023 Appropriation Bills. The summit, which was scheduled to underscore the urgency of enhancing educational facilities especially in developing countries, gave the leaders an opportunity to commit to five-year pledges to support efforts aimed at transforming education systems in up to 90 countries and territories.

In a document titled, Heads of State call to action on education financing ahead of the global education summit, Buhari stated, “In this regard, we commit to progressively increase our annual domestic education expenditure by 50 per cent over the next two years and up to 100 per cent by 2025 beyond the 20 per cent global benchmark. Let us, therefore, raise our hands in solidarity to build a more secure and prosperous future for our children.”