President Muhammadu Buhari has promised to increase education budget by as much as 50 percent in the next two years.
Buhari said this in London, United Kingdom (UK), when participating in the Global Education Summit: Financing Global Partnership for Education (GPE) 2021 to 2025.
In document titled, “Heads Of State Call To Action On Education Financing Ahead Of The Global Education Summit”, the Nigerian President reiterated his commitment to sustaining education policy by increasing the sector’s budget in the space of two years going forward.
“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.”
The Summit which is being co-hosted by the UK Prime Minister, Boris Johnson, and the President of Kenya, Uhuru Kenyatta, seeks to give opportunity for leaders to make five-year pledges in support of GPE to help transform education systems in up to 90 countries and territories.
Here is President Buhari full text of declaration:
“I join my brother, His Excellency, 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 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 mobilizing 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.”
President Muhammadu Buhari, GCFR
Federal Republic of Nigeria
28th July, 2021