Education: Raise The Government Budget To At Least 10% In Our First Year In Office. This Will Then Be Increased Yearly Afterwards In Order To Meet UNESCO Recommended Standards Completed
Source: Campaign Manifesto (Roadmap To Accelerated Development, 2019-2023)
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Oyo State Governor Seyi Makinde spends 22.4% of budget on education
Makinde is now focused on education. The state is regarded to have the highest number of out of school children in south west Nigeria.
In his new year speech, Makinde said his goal is to make Oyo State the hub for education tourism in Nigeria, not just at the basic education level but at the tertiary level as well.
The state now has the biggest education spending allocation of 22.4% of the 2020 budget, topping the federal government's 15%.
Records from the finance ministry showed that last year the state increased education spending to 10% from the previous 4% and provided a N526 million grant to all primary and secondary schools to be disbursed term by term.
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Oyo meets UNESCO benchmark on education in 2022 budget
Source: Business Day
Commissioner for Information, Culture, and Tourism, Wasiu Olatunbosun has said the Oyo State Government’s allocation to education in the 2022 budget shows its seriousness in improving the sector, adding that this is part of the Seyi Makinde-led administration’s efforts to increase expenditure on education between 2022 and 2023.
Wasiu Olatunbosun, Commissioner for Information, Culture and Tourism in Oyo state. The commissioner said Governor Makinde allocated 18.37% of the 2022 budget to education, hinting that this does not fall short of the United Nations Educational, Scientific and Cultural Organisation (UNESCO) benchmark of 15 to 20 percent of the annual budget.
Speaking at the 6th Annual Re-Union of Urban Day Grammar School, Elekuro, held at Government Technical College Pavilion, Orita- Aperin, Ibadan, the Oyo State Government’s Spokesman said Governor Seyi Makinde’s administration is committed to ensuring Oyo State keeps meeting up with the UNESCO international benchmark.
Olatunbosun said the present administration has made spirited efforts to ensure that the Oyo State Government’s investment in the sector meets the globally accepted standard of 20 percent of budgetary allocations.