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The Ondo State Government under Governor Rotimi Akeredolu has said all taxable residents of the state are expected to contribute a sum of N1,000 annually for the purpose of funding the education sector.
The state Commissioner for Education, Science and Technology, Mr. Femi Agagu, said this on Tuesday, April 4, 2023, while unveiling the Ondo State Education Endowment Fund (OSEEF) in Akure, the state capital.
He explained that the state government had set up a board comprising prominent natives of the state to judiciously administer and regulate the fund for the development of education at all levels in the state.
According to the education commissioner, the number of schools the state government is funding was enormous, hence the need for collective responsibility from all residents to assist the government.
Agagu, who pointed out that the government was targeting over N1 billion annually, explained that the fund, when realised, would be expended on provisions of facilities for schools and renovation of dilapidated school structures and provisions of bursaries and scholarships, among others.
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