What's Hot

    Two dead in US Iowa latest shooting

    January 24, 2023

    Several senior Ukraine officials resign over corruption allegations

    January 24, 2023

    EU allocates  €102.5m humanitarian support  to Nigeria, 3 Lake Chad region countries

    January 24, 2023
    Facebook Twitter Instagram
    Trending
    • Two dead in US Iowa latest shooting
    • Several senior Ukraine officials resign over corruption allegations
    • EU allocates  €102.5m humanitarian support  to Nigeria, 3 Lake Chad region countries
    • Gunmen abduct corps member, five others in Enugu
    • Bandits kidnap school children in Nasarawa
    • UK condemns Iran’s execution of dual British-Iranian, plans sanction
    • EFCC drags ABU ex-vice chancellor, bursar to court over alleged 1bn theft
    • Scores killed as passenger plane crashes in Nepal
    Facebook Twitter Instagram
    Education TellEducation Tell
    Demo
    • Home
    • News
      1. Human Rights
      2. Crime and Security
      3. Politics
      4. Odd News
      Featured

      EU allocates  €102.5m humanitarian support  to Nigeria, 3 Lake Chad region countries

      January 24, 2023 News 2 Mins Read
      Recent

      EU allocates  €102.5m humanitarian support  to Nigeria, 3 Lake Chad region countries

      January 24, 2023

      Kano police headquarters set ablaze

      January 14, 2023

      2023: Things have fallen apart, Nigeria now ungovernable– Anglican Primate

      January 14, 2023
    • Foreign
    • Sports
    • Business
    • Education
      1. Institutions
      2. Professional
      3. Tertiary
      4. college
      5. Secondary
      6. Primary
      7. Examinations
      8. View All

      UNILAG gets first female Vice Chancellor, Prof Folashade Ogunsola

      October 7, 2022

      Inmate bags NOUN Second Class Upper degree

      June 29, 2022

      Prof. Bamire becomes 12th Vice Chancellor of OAU

      March 17, 2022

      Striking FCT teachers suspend 3 weeks strike

      February 10, 2022

      Council threatens to declare unregistered computer practitioners quacks

      May 7, 2019

      Our biggest headache is sexual harassments of students by lecturers- NUC

      August 27, 2018

      UNILAG gets first female Vice Chancellor, Prof Folashade Ogunsola

      October 7, 2022

      Inmate bags NOUN Second Class Upper degree

      June 29, 2022

      Prof. Bamire becomes 12th Vice Chancellor of OAU

      March 17, 2022

      Nigeria’s 205 universities not enough-NUC

      February 10, 2022

      Ogun collaborates industries on employment for tech college graduates

      July 28, 2020

      I’ll make Ogun State Nigeria’s technology hub- Gov Abiodun

      June 4, 2020

      Unity Schools go on 3 days break over presidential election

      February 9, 2019

      NDIC boss donates science laboratory to Zaria Academy

      July 15, 2018

      Striking FCT teachers suspend 3 weeks strike

      February 10, 2022

      Nasarawa gets N5bn UBEC intervention

      August 2, 2019

      FG earmarks 2% of UBE funds to quality assurance

      January 29, 2019

      UBEC Boss tasks PROs to improve visibility of govt. activities

      August 27, 2018

      NECO releases 2022 SSCE results, blacklists 29 supervisors

      September 29, 2022

      We have discovers 1m illegal admissions- JAMB

      March 17, 2022

      JAMB introduces Computer Studies, PHE to UTME

      January 31, 2022

      JAMB fixes date for 2022 UTM Examination

      January 24, 2022

      Nigeria ranks 10th largest in students studying in US

      November 14, 2022

      Soludo again, cancels teachers’ recruitment exercise over irregularities

      October 24, 2022

      FG Vs ASUU out-of-court settlement fails

      October 6, 2022

      10 Kaduna teachers killed, several others kidnapped in 2022 – Union

      October 5, 2022
    • Health
    • Entertainment
    • Features
      • Leadership
      • Interview
      • Opinion
      • Projects
      • Inventions
      • Personalities
    Education TellEducation Tell
    FG to pay N71bn UBEC outstanding counterpart fund– Official

    FG to pay N71bn UBEC outstanding counterpart fund– Official

    November 2, 2018 News
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

     

    The Federal Government has pledged to the outstanding counterpart funding of the Universal Basic Education which stands at N71.29 billion directly to the commission.

    The Executive Secretary, Universal Basic Education Commission (UBEC), Dr Hamid Bobboyi, made this disclosure to the media on Friday in Abuja.

    According to him, the Federal Government will deduct the entire outstanding counterpart fund against all states of the federation from their Paris Club Refund.

    He explained that the Federal Government would provide just the matching grants, while the state governments would provide the counterpart fund to be able to access the funds provided by the Federal Government.

    “There is a new development and the Federal Government has given us a schedule of these states.

    “The total amount the Federal Government is going to pay and remit directly to the commission is N71, 292, 316, 087.84.

    “So, UBEC in disbursing the funds will put the counterpart funds along with the matching grants and disburse to states if they meet the conditions.

    “So, the issue of funds not accessed in UBEC will soon come to an end at least for 2018, which is a good thing,” he said.

    Bobboyi, however, said a lot of progress had been made by states in accessing their matching grants from UBEC, adding that previously there would be stacks of money in the commission waiting to be accessed.

    According to him, in the last few years, states had made a lot of efforts to ensure they paid their counterpart funding in order to access the matching grants provided by the Federal Government.

    “For example, we are in 2018; the funds have not finished accruing to the account; so it will take up to December 31 when you will have the entire amount.

    “By the time we are in December, you will be sitting on half of the allocation of the year not accessed because the matching grant is 50 per cent.

    “By the time you add it to some of the money not accessed for other years, the figure balloons.

    “Majority of the states will want the money to be completed in order to be able to access the entire amount; so they have to wait till 2019 to start accessing fund for 2018.

    This is a cyclical phenomenon and it happens every year,’’ he said.

    The executive secretary said as at Oct.15, in the North West zone, majority of the states had accessed the entire amount till 2017.

    These states, he noted, were Kano, Jigawa, Kebbi and Sokoto while Zamfara, Katsina and Kaduna states had accessed the funds up to 2016.

    He said also that the North East Zone such as Adamawa, Borno, Gombe and Taraba states had accessed the money up to 2017 while Yobe and Bauchi had accessed to 2016.

    Bobboyi said the South West Zone had recorded phenomenal progress except Ekiti state that had a bit of 2015 funds yet to be accessed as well as 2016 and 2017.

    “Lagos, Ogun and Oyo states have accessed up to the first quarter of 2018, while Osun state had accessed till 2017 and Ondo state which accessed last in 2013, was able to pay its counterpart funds and access from 2014 to 2016.

    “So the picture is not as bleak as sometimes we painted it,” Bobboyi said.

    He, however, said the major challenge was from the South-East states, where a state like Abia had not accessed the fund from 2015; and had N4.187 billion as fund not accessed.

    “Enugu state still has up to N271 million in 2014 and has 2015 to 2017 fund not accessed.

    “While Anambra state is doing very well, it had accessed up to 2016 and is trying to access up to 2017; Ebonyi had accessed up to 2015 while Imo had accessed the funds till 2017.”

    The executive secretary said that majority of states had made efforts to access their funds just a few states that were still lagging behind.

    He, however said he believed by the end of the year most states would have cleared their 2017 un-accessed funds without any problems.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    EU allocates  €102.5m humanitarian support  to Nigeria, 3 Lake Chad region countries

    January 24, 2023

    Kano police headquarters set ablaze

    January 14, 2023

    2023: Things have fallen apart, Nigeria now ungovernable– Anglican Primate

    January 14, 2023

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Don't Miss
    Foreign

    Two dead in US Iowa latest shooting

    January 24, 2023 Foreign 1 Min Read

    Two people were confirmed died and a third seriously wounded Monday in a…

    Several senior Ukraine officials resign over corruption allegations

    January 24, 2023

    EU allocates  €102.5m humanitarian support  to Nigeria, 3 Lake Chad region countries

    January 24, 2023

    Gunmen abduct corps member, five others in Enugu

    January 22, 2023
    Top Posts

    *Decay of Brother R. Kelly: The character that stinks will eventually sink*

    January 27, 2020

    Nigerian educational system is horrifying – Soyinka

    October 15, 2019

    Rampaging herdsmen kill 6, behead farmers, burn houses in Anambra

    April 10, 2019

    HND harmonization: Civil Defence boss accused of selective payment, favoritism

    October 5, 2020
    Facebook Twitter Instagram WhatsApp
    Tech

    AU urges China partner to domesticate Juncao Technology in Nigerian universities

    July 20, 2022

    NCC warns telecom consumers on Flubot Malware

    October 22, 2021

    5G Spectrum goes for auctioning by Q4 2021-Danbatta

    July 18, 2021
    Most Popular

    *Decay of Brother R. Kelly: The character that stinks will eventually sink*

    January 27, 202050 Views

    Nigerian educational system is horrifying – Soyinka

    October 15, 201950 Views

    Rampaging herdsmen kill 6, behead farmers, burn houses in Anambra

    April 10, 201926 Views
    Facebook Twitter Instagram Pinterest
    • Home
    • About us
    • Get In Touch
    • Privacy Policy
    © 2023 Education Tell Designed by Digital Clan.

    Type above and press Enter to search. Press Esc to cancel.