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President Akufo-Addo has called on African leaders to allocate revenues from oil exploration and other extractive sector activities to fund education in their countries.
He believes this is essential for closing the continent’s education funding gap and achieving Sustainable Development Goal (SDG) 4 targets.
Use oil revenue to fund educational projects in your countries – Akufo-Addo charges African leaders
Africa needs approximately $80 billion annually to bridge the education gap, a task that cannot rely solely on external resources.
President Akufo-Addo stressed the importance of using internal resources, especially from the extractive industry, to address this challenge.
“We are funding our education budget largely through our oil receipts, and we intend to continue down that road for the foreseeable future. I don’t know if the $80 billion [education funding gap] the moderator is talking about can be found in oil receipts across the rest of the continent.
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