WorldStage– Global leaders have mobilised $3.5 billion in international commitments to support global education.
The announcement was made during the #MultiplyPossibility high-level event at the 81st United Nations General Assembly (UNGA 81) in New York, which was co-hosted by Nigeria and Italy.
The mobilisation is part of a broader campaign led by the Global Partnership for Education (GPE) and its partners to secure a $5 billion global education fund.
According to the Global Partnership for Education, the newly secured funding includes $2.1 billion in confirmed and anticipated pledges from sovereign donors, $1.0 billion from development finance institutions, and $400 million from philanthropic organizations and private-sector partners.
Additionally, GPE partner countries stepped up by committing $471 billion in domestic financing, representing an anticipated 32% increase in domestic education spending by 2030.
Nigeria’s delegation, led by Vice President Kashim Shettima and Minister of Education Dr. Maruf Tunji Alausa, reaffirmed the nation’s focus on transforming its local education sector:
Nigeria outlined education financing commitments stretching through 2030, aligning the spending plans of the Federal Government with those of state governments.
Vice President Shettima highlighted Nigeria’s active partnership with the World Bank and GPE under the HOPE-EDU program, a project projected to reach 29 million children and 500,000 teachers to reduce the number of out-of-school children and upgrade classroom instruction.
The Nigerian government intends to utilize these strategic channels to support basic education, expand vocational and technical skills, lower cost barriers for vulnerable populations, and leverage digital tools for learning.
