2023 Budget: Don calls for more budgetary allocation for education in future proposal


Sango-Ota (Ogun), Dec.29, 2022
An Economist, Prof.Evans Osabuohien, has appealed to the Federal Government to make more provision for education sector in future budget to avert unnecessary crises in the sector.
Osabuohien, also Head of Economics Department, Covenant University, Ota, Ogun, made the appeal while speaking with Naija247news on Thursday.
He spoke while reacting to the passage of N20.5 trillion by the Senate on Wednesday in Abuja.
The don, however, commended the Federal Government for increasing the percentage of budgetary allocation for education in 2023.
“In terms of percentage, the budgetary allocation for education in 2023 Budget is a little better and there has been an improvement compared to 2022 budget but it is still relatively low,” he said.
Osabuohien noted that President Muhammadu Buhari proposed more allocation for education in 2023 but it was still below the United Nations Educational, Scientific and Cultural Organization (UNESCO) recommendation.
He said that Buhari proposed N1.79 trillion for education sector, representing about 8.8 per cent of the total 20.5 trillion proposal.
Naija247news reports that this allocation was above the N1.18 trillion or 7.2 per cent of the total budget presented in 2022.
The don emphasised the need for more budgetary allocation in future budget because the sector had witnessed a prolonged crisis through the Academic Staff Union of Universities (ASUU) in 2022.
He noted that more allocation to the sector would restore the lost glory and make more positive development in terms of infrastructure across the tertiary institutions.
Peter Okafor
Peter Okaforhttp://Naija247news.com
Peter Okafor Financial Journalist | Editor | Contributor Overview: Peter Okafor is a seasoned Financial Journalist, astute Editor, and valued Contributor at Naija247news Media Group. With an unwavering passion for dissecting complex financial landscapes, Peter has become a trusted name in delivering incisive and insightful coverage of economic events, market trends, and corporate dynamics. Professional Journey Peter's journey in financial journalism has been marked by a commitment to excellence. Joining the ranks of Naija247news, he has consistently demonstrated a keen understanding of the intricate interplay between finance and the global socio-economic fabric. Expertise: Specializing in financial markets, economic analyses, and business developments, Peter Okafor has honed his expertise over the years. His ability to unravel intricate financial narratives and present them in a comprehensible manner sets him apart in the world of financial journalism. Contributions As an Editor and Contributor, Peter has played a pivotal role in shaping the narrative of Naija247news. His contributions extend to thought-provoking articles, in-depth market analyses, and coverage of key events that impact the financial landscape. Educational Background: Peter holds a degree in Journalism, complemented by specialized courses in Finance and Business Reporting. His educational foundation has provided him with the tools to navigate the intricate world of financial journalism. Innovation and Adaptability: In an era of evolving media landscapes, Peter Okafor exemplifies innovation and adaptability. Leveraging digital platforms and emerging technologies, he ensures that financial insights reach a diverse audience, fostering financial literacy and awareness. Awards and Recognition: Peter's commitment to journalistic excellence has not gone unnoticed. He has been the recipient of several awards, recognizing his outstanding contributions to the field of financial journalism. Vision for the Future: Looking ahead, Peter Okafor envisions a future where financial journalism continues to empower individuals, shape economic policies, and drive positive change. His dedication to staying at the forefront of financial news underscores his commitment to this vision. Connect with Peter Okafor: - LinkedIn: [Peter Okafor](#) - Twitter: [@PeterOkafor_N247](#) In the dynamic realm of financial journalism, Peter Okafor stands as a stalwart, combining experience, expertise, and a forward-looking vision to illuminate the path of financial understanding for a global audience.

Share post:



More like this

Rema’s ‘Calm Down Makes History, Becomes First African Song to Earn 1 Billion Streams in US

June 17, 2024. Azonuchechi Chukwu. Nigerian singer, Divine Ikubor, aka Rema’s...

Suspected Armed Robbers Gun Down DJ in Abuja

June 17, 2024. Azonuchechi Chukwu. Suspected armed robbers attacked the Volcano...

Gunmen Attack Enugu community shoot four

June 17, 2024. Azonuchechi Chukwu. Gunmen on Saturday attacked the Umu-Ezuboke...