President, Bola Tinubu has said over N2.18 trillion has been allocated to education in the 2024 budget, which demonstrated his commitment and determination to ensure substantial improvement in the sector.
The president, who was represented by Professor Chinedu Nwajuba of the National Universities Commission (NUC), stated this position in a message at the 31st/ 32nd convocation ceremony of the Federal University of Technology (FUT), Minna.
Tinubu said the amount allocated to education this fiscal year iis 80 per cent higher than that of last year’s
“My administration is determined to ensure substantial improvement in the education sector. Pursuant to this, we are increasing funding for this critical sector, which is clearly demonstrated by our allocation of N2.18 trillion to the education sector in 2024 Appropriation Bill, more than 80 per cent higher than the N1.29 trillion allotted in 2023,” he declared
He reiterated that the education sector got the second highest sectoral allocation in the 2024 budget.
The president said the move was to address the challenges of welfare workers in the sector, infrastructure and other facilities that would enhance teaching, learning and innovation in the education sector.
One important aspect he also listed was the issue of student loan saying , “As you are all aware, I have assented to the Student Loan Act, implementation of which will commence in January 2024. We expect that with this, indigent students would stay in school rather than drop out as had been the case for many in the past.”
While acknowledging that the country is facing security challenges on different fronts, he said it had necessitated the increased deployment of resources to address same
He said the situation is affecting the availability of funds for addressing other sectoral needs.
Pppppp Assuring that “We shall, however, continue to ensure that our campuses remain safe and conducive for learning.”
