The Minister of Education, Adamu Adamu, has said within the last six years of the administration of President Muhammadu Buhari over N6 trillion has been spent on Nigeria’s education sector.
This is in addition to N2.5 trillion intervention from TETFund (two per cent profit tax of companies operating in Nigeria) and N554 billion from the Universal Basic Education Commission (UBEC), he said.
The minister, who spoke at a briefing at the State House on Thursday, also touched on other issues affecting the education sector, including the ongoing strikes by workers in the nation’s higher education sector.
In the past 10 years, Mr Adamu said TETFund invested N2.5 trillion into higher education in Nigeria, with a particular focus on human capital development.
He said the sum has exceeded the N1.2 trillion that the Academic Staff Union of University (ASUU) demands to be spent on the sector, as contained in the 2009 agreement.
The minister said the Muhammadu Buhari-led government has spent N6,003,947,848,237 in capital and recurrent expenditure in the education sector in the last seven years, adding that UBEC alone spent N553,134,967,498 on capital investment in the basic education subsector.
“The Tertiary Education Trust Fund has invested an estimated N2.5 Trillion in Tertiary education in the last ten years, thereby exceeding the total of N1.2 Trillion contained in the 2009 agreement with the Academic Staff Union of Universities (ASUU) and we are still…