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Local government

Edo State Governor Secures $75 Million Facility from World Bank for Education Revamp

Strategic Insights

— 1 min read

Governor Godwin Obaseki of Edo State has announced that the World Bank has approved a $75 million facility to revamp the state's education system. The funding will be utilized over three years to expand the Edo Best Educational scheme from basic to secondary levels and improve the state-owned tertiary education system. Obaseki emphasized that the education system under his watch will no longer produce only individuals with basic literacy skills but will also expose students to vocational education.

Key Takeaways:

  • The World Bank has approved a $75 million facility for the revamping of education in Edo State, with a total value of N40 billion.
  • The funding will be utilized over three years to expand the Edo Best Educational scheme from basic to secondary levels.
  • The Edo Best Educational scheme will be expanded to include vocational education, with the goal of exposing students to learning, literacy, and vocational skills.
  • Governor Obaseki has pledged to use the funding to improve the state-owned tertiary education system and change the face of education in Edo and Nigeria.
  • The governor has also declared his support for the Presidential probe panel on the Niger Delta Development Commission (NDDC) and will mobilize support from other governors in the region to demand the refund of NDDC funds and return of abandoned projects.
  • The PDP candidate has promised to reconstruct the Elawure Grammar School and support local security in the area.
  • The traditional ruler, Oba Oluagbo II, has endorsed the governor for a second term in office, praising his efforts in touching every segment of the economy.

Statistics:

  • $75 million: The value of the World Bank facility approved for the revamping of education in Edo State.
  • N40 billion: The total value of the funding, equivalent to $75 million.
  • Three years: The duration of the funding, which will be used to revamp and expand the education system in Edo State.
  • NDDC: The Niger Delta Development Commission, which has been embroiled in allegations of corruption and mismanagement.

Sources:

  • The Sun
  • Vanguard

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