NEC sets up committee on fallen standard of education

The National Economic Council on
Thursday lamented that the standard of basic education at the state
level had fallen drastically.
It, therefore, set up a committee to look at how to address the issue.

The Minister of Education, Adamu Adamu,
disclosed this while briefing State House correspondents at the end of a
meeting of the council presided over by Vice-President Yemi Osinbajo at
the Presidential Villa, Abuja.
All state governors, Governor of the
Central Bank of Nigeria and some relevant ministers are members of the
council chaired by the Vice-President.

The minister said he presented a
Ministerial Strategy Plan (2016 – 2019) for the education sector to the
council, adding that the presentation centred on the achievements,
challenges and way forward in the sector.

He said the plan also recognised that
more investment was needed in the education sector, while emphasising
that collaboration among the federal, states, local governments, the
private sector and development partners was necessary.

“Council noted that the standard of
basic education at the state level had fallen drastically and resolved
that a committee comprising governors of Kano, Osun, Delta, Anambra, CBN
Governor and the Minister of Education should look into what needs to
be done urgently in the education sector at the state level and report
back to the council,” the minister said.
Delta State Governor, Ifeanyi Okowa,
said the council received and approved the annual report and accounts of
the Nigeria Sovereign Investment Authority for the year ended 2016 and
update on 2017 activities.
“Council resolved that account of NSIA be approved,” he said.

The governor noted that the NSIA
reported a fifth straight year of profitability in all its funds with
core profits (excluding FX transaction gains) of N26.28bn ($88m) for the
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He said the authority also reported that
the total assets under management were about $1.25bn for the most part
of the year, as the additional contribution of $250m was not received
until the third quarter of 2017.

The authority, he added, reported that the return on asset was up to 6.60 per cent in dollar terms.

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