Edo State Governor, Mr. Godwin Obaseki, has suggested issuing an education bond to raise funds for the urgent improvement of the State’s education sector.
He made the suggestion at a 2-day Leadership Retreat for heads of Ministries, Departments and Agencies (MDAs) in Benin City, the State capital, on Tuesday, September 13, 2022. The theme of the retreat was: “Expanding Frontiers, Succeeding Together”.
Obaseki expressed his concern about the state of some schools in the State and the limited resources available to the government to upgrade them. He said: “We need a marshall plan to invest heavily in education for the next five years. We are not doing enough schools and if we keep going like this, we will face a crisis.”
“We need to build schools and divert funds from other projects to education. These children will build roads when we have given them quality education.
“Let us get the money from the budget; we have to make education appealing in Edo. I don’t mind issuing an education bond to finance education and I don’t mind travelling around the world to ask Edo people to support us so that we can build more schools. In my enlightened self interest I will continue to invest in education.”
According to experts at futurityinvest.com.au, “An Education Bond is a special, tax-efficient investment for education, but it can also be used for other purposes. It can be for yourself but most people use an Education Bond to invest in the future of their children or grandchildren.
“An Education Bond has all the features of an Investment Bond, plus special education tax benefits, Estate Planning features and the option to name multiple Beneficiaries.
“An Education Bond is a great way to ensure the money you save to invest for your loved ones will be used as you wish.”
The Governor also urged the political class to adopt a school as a way of supporting the State government’s efforts to reposition education in the State.
