According to him, the trend of events had necessitated the convocation of such summit, which he said must re-direct the drifting state of the nation's education by evolving strategies meant to boost primary and secondary education in the country.
He said Nigeria is seriously underfunding education, even when compared to other sub-Saharan African countries, and warned that the federal government would have to spend significantly more, if it would achieve its goals as a change government.
The retreat was organised to proffer solution to the challenges facing the Nigerian education sector at the State House Conference Centre, in Abuja.
Minister of Education, Mallam Adamu Adamu, has called for the declaration of emergency in the Education sector. "There is need to harmonise the learning and teaching that transpire our tertiary institutions as well as redefine our national goals periodically", he said.
The minister noted that for education to be revived in Nigeria, the government should consider special incentives such as scholarships and automatic employment for education graduates.
"If we insist on professionalism with appropriate deadlines set for those who teach, the situation will improve phenomenally".
Buhari said with the rot in the education sector, drastic measures had become necessary to salvage the situation.
Speaking at the retreat, President Buhari pledged the commitment of his administration to revamping the sector.
"These targets are, happily, in harmony with the manifesto and the CHANGE agenda of our Party, the All Progressive Congress (APC)".
"It is also in agreement with my campaign promises during the 2015 elections exercise and in pursuit of the yearnings and aspirations of the generality of Nigerian citizens".
The president who further attributed the woes bedeviling Nigeria's education to what he described as historical abuses and mindless impunity, enumerated other crises plaguing the nation's education sector to include estimated 13.2 million pupils dropping out of school, high level illiteracy in the society, recruitment of incompetent teachers, infrastructural decay and insufficient learning materials.
"Today, it is those who acquire the most qualitative education, equipped with requisite skills and training, and empowered with practical know-how that are leading the rest". Mass literacy, adult education, distance learning, nomadic education and the rest are all important; but we can not deliver them without giving respectability and renewed stature to the teacher.
"This administration is committed to revitalising our education system and making it more responsive and globally competitive". "It renews and improves the economic, social, political and cultural aspects of any nation", he said.