Federal, States Government To Spend Only 8% of 2016 Budget on Education

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The federal and state governments is set to spend less than 9 percent of their total budgets of N12.2 trillion on education in 2016.
According to Daily Trust analysis of the combined expenditure of the federal and 33 state governments, they will spend N1.03 trillion (8.44 percent) on education this year.

This amount will mainly be spent on bureaucracies of education ministries, teachers’ recruitment and salaries.

Of its N6.1 trillion budget, the federal government is spending N367.73 billion (6.01 percent) on education.

The 33 states will spend N653.53 billion (10.70percent) of their total budget of N6.1trillion.

This figure is far below the 26 percent bench mark set by UNESCO on education for developing countries.

 

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