Nigeria must increase education funding to 20% to meet the 2030 SDG target, according to the UN.

The UN said this during the presentation of the Independent Assessment Report on SDGs 3 and 4 in Nigeria at the Presidential Villa in Abuja on Thursday.

The reports were prepared with the technical and financial support of the Federal Ministry of Finance, Budget and National Planning; by the Federal Ministries of Health and Education with the support of the United Nations Children’s Fund (UNICEF) in Nigeria.

In his keynote speech, Vice President Yemi Osinbajo said creating the commitment and incentives needed to prioritize and increase funding for basic education to 12% at all levels is critical.

He said, “The timing of utilization of the allocated funds is also important. The state government should take advantage of the relevant UBEC grants by making the necessary contributions.

“Education stakeholders are encouraged to develop and strengthen coordination mechanisms that can help strengthen information sharing cooperation between federal and state actors on the one hand, and non-state actors on the other.”

The Vice President noted that with the adoption of the agenda and the SDGs, Nigeria has set a vision to end extreme poverty and protect our planet by 2030.

According to him, achieving inclusive sustainable development is a goal that closely aligns with the current administration’s desire to lift 100 million people out of poverty in 10 years.

He explained that it is for this reason that the Federal Government has created a number of programs to support the acceleration of the achievement of the SDGs.

Osinbajo assured that the Federal Government will continue to promote the development of strong partnerships and facilities between ministries, departments and agencies as well as between development departments for the coordinated implementation of the SDGs in Nigeria.

The United Nations (UN) Humanitarian Coordinator in Nigeria, Mathias Schmale, has warned that Nigeria may not achieve the global agenda for universal inclusive and equitable basic education for all school-age children by 2030 if the current 7% education budget will not be increased. up to 20%, with express responsibility for delivery.

Shmale said that Nigeria was the first country to conduct and conduct an independent comprehensive evaluation of SDG-3 and SDG-4 and that the reports showed how quickly the government put in place robust institutional monitoring and support structures at the national and sub-national levels to support effective implementation. MUR throughout the country.