Sanwo-Olu Launches N5bn COVID-19 Recovery Fund for Private Schools

The Lagos State Governor, Babajide Sanwo-Olu, has launched a N5 billion COVID-19 recovery fund project for private schools in the state.

The governor disclosed the commencement of this project in a tweet made available on his Twitter handle on Friday.

According to Governor Sanwo-Olu, the project is to relief the impact of the COVID-19 pandemic on low-cost private schools in the state, adding that the education sector is one of the most affected sector in the global pandemic.

He wrote; “Today, I launched a N5bn support fund to help reduce the impact of #COVID19 on low-cost private schools in Lagos,” the governor said.

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“The educational sector is one of those severely impacted by the pandemic, with schools and vocational learning-centres shut since March.”

According to him, the facility will benefit 2000 low-cost schools with amounts ranging from N500,000 to N5million.

Sanwo-Olu noted that his administration provided interventions that would enable learners in schools study in line with the new normal.

This is made possible following collaboration the Lagos State Employment Trust Fund (LSETF) had with First Bank of Nigeria Limited to facilitate the matching fund.

The move, according to the state government, is to help accelerate a sustainable return to learning and skills acquisition.

You’ll note that the education sectors of Nigeria economy has been shut since the outbreak of the COVID-19 pandemic in Nigeria.

This has undoubtedly dealt a great blow on the education sector of Nigeria, this the relief project is aimed to aid.

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