At the base of the circle, the water stays in the bucket without any extra work. The reason is that it is attracted to the Earth by its gravity. Try to get some water into a mug and you may experimentally observe that it will stay there if the mug is oriented in the usual "breakfast mode". (If it is oriented in the opposite way, the water can't stay in the swinging bucket whatever its acceleration is.)
The relevant point where it's hard to keep the water in the bucket is clearly the top of the circle. At that point, the water is accelerated towards the Earth i.e. out of the bucket by the acceleration $g$. One needs to compensate it by the centrifugal acceleration $l\omega^2$. So the minimal value of $\omega$ that keeps the water in the bucket is
$$ l\omega^2 = g,\qquad \omega=\sqrt{\frac gl} \approx 2.17\,\,{\rm rad/s}$$
As you can see, I would also give you 0 points because you seem to be confused about the direction of the gravitational force or the direction of the centrifugal force which is a pretty serious bug. The only conceivable thing you could get a fraction of the credit for is the fact that your answer was dimensionally correct. Aside from that, I can't imagine a justification of a nonzero credit for your answer that couldn't be used to reward any wrong answer. This was really an easy question and your doing complicated things that lead you to the square roots of five indicates that you don't understand these simple things.
BTW what users may post on Stack Exchange are "questions", i.e. sentences terminated with a question mark whose purpose is to learn the right answer out of a larger of set of a priori conceivable candidate answers. The purpose of this server is not to "verify" things, especially not someone's predetermined wrong propositions. Your expectation that we would verify that your lecturer was wrong wasn't rationally justified, I think. Even statistically, I am confident that in most of such situations, the students are wrong and the lecturers are right. At any rate, your example belongs to this category.