President Muhammadu Buhari has said that the Federal Government has provided (Watch Buhari's claim)
N470 billion in the 2023 Budget for revitalisation and salary enhancements in the tertiary institutions.
When he delivered the N20.5 trillion 2023 Appropriations (Watch Buhari's claim) Bill to a joint session of the National Assembly, the President made this statement. (Watch Buhari's claim)
The budget is referred to as a "Budget of Fiscal Sustainability and Transition," according to the News Agency of Nigeria (NAN). (Watch Buhari's claim)
According to Buhari, the limited resources were intended to revitalize the tertiary institutions and raise salaries.
"The Government observes with shock the crisis that has rendered the nation public universities completely inactive. (Watch Buhari's claim)
We anticipate that the staff at these institutions will demonstrate a deeper understanding of the nation current situation. (Watch Buhari's claim)
"As part of our deliberate endeavor to find a solution, we have allocated a total of N470 billion in the 2023 budget from our limited resources for tertiary institution revitalization and pay increases.
It is essential to notice that the government is unable to provide the necessary money for tertiary education on its own.
"In the majority of nations, the cost of education is jointly borne by the people and the government, particularly at the tertiary level. (Watch Buhari's claim)
"Therefore, it is essential that we implement a more sustainable form of tertiary education funding."
He said that, to the extent that resources permitted, the government remained dedicated to carrying out agreements struck with employee unions. (Watch Buhari's claim)
"For this reason, we have been adamant that we won't sign any agreements we won't be able to carry through.
"To ensure stability in the educational system, individual institutions would be encouraged to uphold their end of any agreement agreed in due order.
"The government shares a similar commitment to raising the standard of education at all levels. We have put into place a number of incentives designed to inspire and advance the professional growth of teachers in our schools. (Watch Buhari's claim)
With regard to the health sector, Buhari stated that the government planned to concentrate its efforts on outfitting current facilities and restoring infrastructure. (Watch Buhari's claim)
"Local manufacture of essential medications and vaccinations will also receive emphasis.
Our general policy emphasis is to increase our investment in education, health care, and social protection because human capital is the most important resource for national development.
Additionally, according to Buhari, the administration will continue to give women empowerment initiatives top priority across all MDAs in 2023. (Watch Buhari's claim)