Nigeria expects to receive $125 million from the just-concluded education summit in the United States (US), the minister of state for education, Chukwuemeka Nwajiuba, disclosed on Tuesday.
The money forms part of funds being disbursed to countries at the Education Summit which took place in London, the United Kingdom last week.
While featuring on Channels Television’s Politics Today, the minister said, “$125 million will be coming to Nigeria.
“We thank the President for showing up because his presence made all the difference. This is the largest Nigeria has ever gotten from this summit. It is a fantastic one for us.
“We also have the permanent secretary in the Ministry of Education who is going to be on the board who is going to then make sure that we allocate the money to states where we have our biggest problems.”
President Muhammadu Buhari had during the summit, pledged to increase the budget for the education sector by as much as 50 percent over the next two years.
In the long term, he promised that budgetary allocation to the sector would witness a progressive increase to about 100 percent in the next four years.