FG seeks N91bn grant from World BanK to finance education sector

BY FAVOUR NNABUGWU

The federal government yesterday sought N91 billion ($598.2million) from the World Bank to comprehensively finance the country’s educaton sector.

Minister of Education, Prof. Ruqayyatu Ahmed Rufa’i, who disclosed this at a Ministerial Roundtable in Washi- ngtom DC, yesterday, said the grant will be in batches of N30.3billion ($199.4million) on a yearly basis for three years.

The grant, the minister explained, would boosts the nation’s efforts towards detailed financing of the education sector reforms to ensure the acceleration of the realization of the Millennium Development Goals, MDGs.

Rufa’i said the deal would help resolve the sector’s challenges and provide concrete actions needed to ensure that all children had access to schools and receive quality education, especially in eight countries considered more disadvantaged in the world.