Former British Prime Minister, Mr. Gordon Brown, said on
Monday in Abuja that Nigeria would benefit from a pool of
$500m fund targeted at boosting educational development in
the country.
The fund, he added, would also serve as additional resources
to support the development of the Universal Basic Education
in Nigeria.
Brown stated this at the meeting of the Coalition Interventions
to support access and quality of education in Nigeria hosted
by President Goodluck Jonathan at the State House in Abuja.
He said, “The Federal Government of Nigeria has made
available $250m for investment in education. What we have
managed to do by talking to the individual agencies over the
last few days is to match that $250m by the additional $250m
thus making possible new investment of $500m in education
in Nigeria.”
A breakdown of the fund as stated by Brown indicated that
Global Partnership for Education and the United States
Agency for International Development, had agreed to
contribute $100m every year, for the development of universal
education.
Brown said the Federal Government in collaboration with
state governments, had already provided $250m for the
development of education in the country.
He added that the additional cash transfers would be for
training, and the introduction of new technologies that would
match the initiatives that had been attracted by Alhaji Aliko
Dangote, from the business community.
He added that “Nigeria stands to benefit from a seven-year
term European Union grant that will be devoted to the
development of education.
“I have talked to the head of the development commission for
the European Union and he said he would tell the government
of Nigeria to submit an application from time to time for the
next seven years, the term that will be devoted to education
development in Nigeria.”
Brown added that he also sought further assistance on behalf
of Nigeria from the head of Department for International
Development, who according to him, said that he would be
happy to entertain new application for private support of
additional cash transfers from the individual states.
He also promised that he would visit Nigeria in January and
would want to meet states that were interested in moving the
new innovation forward.
Speaking on behalf of Jonathan on the occasion, Vice
President Namadi Sambo, said that the Federal Government
had identified access and quality “as the two strategic goals
for the four-year Strategic Plan for the Education Sector
2011-2015.”

Source : www.punchng.com/news/fg-global-partners-to-boost-nigerias-education-with-500m/

As usual, this money will end up in private pockets!! Smh!