President Muhammadu Buhari has pledged to increase the budget for the education sector by as much as 50 percent over the next two years.
It will, however, increase progressively by 100 per cent by the year 2025, which will be beyond the global benchmark of 20 per cent.
This is contained in a statement by Special Adviser to the President (Media & Publicity), Femi Adesina.
In a document titled, Heads Of State Call To Action On Education Financing Ahead Of The Global Education Summit, signed as a form of commitment at the on-going Summit in London, United Kingdom, the President Buhari said: “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 Prime Minister of UK Boris Johnson and the President of Kenya Uhuru Kenyatta seeks to give opportunity for leaders to make 5-year pledges to support GPE’s work to help transform education systems in up to 90 countries and territories.