The Edo State Governor, Mr. Godwin Obaseki, has proposed an education bond as a way of raising the needed funds to urgently revamp the State’s education sector.
Obaseki made the proposition during the 2-day Leadership Retreat for heads of Ministries, Departments and Agencies (MDAs) held in Benin City, the State capital on Tuesday, September 13, 2022, with the theme: “Expanding Frontiers, Succeeding Together”.
Worried by the condition of some schools in the State and limited funds at the disposal of government to adequately revamp some schools across the State, Obaseki said: “We need a marshall plan to invest massively in education over the next five years. We are not doing enough schools and if we continue like this, we are going to have a crisis.”
“We need to build schools and take money from other projects and do schools. These children will do roads when we have given them quality education.
“Let us get the money from the budget; we have to make education attractive in Edo. I don’t mind raising an education bond to fund education and I don’t mind going round the world to approach Edo people to support us so that we can build more schools. In my enlightened self interest I will continue to invest in education.”
Experts at futurityinvest.com.au explained that “An Education Bond is a dedicated, tax-effective investment for education, but 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.
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“Offering all the features of an Investment Bond, an Education Bond also has special education tax benefits, Estate Planning features and the discretion to appoint multiple Beneficiaries.
“An Education Bond is an excellent way to ensure the money you set aside to invest for your loved ones will be passed on as you intended.”
The Governor further challenged members of the political class to adopt a school as a way of complimenting the State government’s efforts to reposition education in the State.
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An Education Bond is a tax-effective investment product designed to help meet the cost of education. As long-term, growth investments, Education Bonds can help parents and grandparents attain financial self-sufficiency for their lifelong education goals – whether for themselves or their families.