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.
I have read so many posts on the topic of the blogger lovers but this paragraph is in fact a nice paragraph, keep it up.|
Quality content is the crucial to be a focus for the viewers to pay a quick visit the site, that’s what this website is providing.|
The author is known by the name of Thad and that he totally digs that mention. California is where he’s always been living. I am really fond of climbing and I’ll be starting something else along the earth .. Administering databases has been his normal work for quite some time. You can always find her website here: #link#
First of all I would like to say great blog! I had a quick question that I’d like to ask if you don’t mind. I was curious to know how you center yourself and clear your head prior to writing. I have had a tough time clearing my mind in getting my thoughts out there. I truly do enjoy writing however it just seems like the first 10 to 15 minutes are generally wasted simply just trying to figure out how to begin. Any recommendations or hints? Appreciate it!|
Hello to every , since I am really eager of reading this blog’s post to be updated on a regular basis. It carries pleasant information.|
Howdy very cool site!! Guy .. Beautiful .. Amazing .. I’ll bookmark your blog and take the feeds also? I am glad to seek out so many helpful information here in the publish, we need develop more strategies on this regard, thanks for sharing. . . . . .|
This piece of writing is in fact a pleasant one it assists new web viewers, who are wishing for blogging.|
“Hey there just wanted to give you a quick heads up and let you know a few ofthe pictures aren’t loading properly. I’m not sure why but I think its a linking issue.I’ve tried it in two different web browsers and both show the same outcome.”
Wow! In the end I got a blog from where I can actually get valuable facts concerning my study and knowledge.|
I really like it when individuals come together and share views. Great site, stick with it!|
What’s up everyone, it’s my first pay a quick visit at this web page, and article is genuinely fruitful designed for me, keep up posting such articles or reviews.|
The author is known by the category of Violeta but she never really liked that legal name. My friends say it’s not good for me personally but a few things i love doing is to jog and I’ll be starting something else along with it. For years he’s been obviously Vermont. I am currently a cashier and it’s something I revel in. You can find my website here: #link#
Hi now there. My name is Magali though Do not really like being called like this. As a woman what she really loves is solving puzzles certain to she is intending to cash in on it. His day job is a procurement official. For a while he’s visited Puerto Rico and his parents live nearby. She is running and maintaining a blog here: #link#
chloroquine otc
FG to pay N71bn UBEC outstanding counterpart fund– Official | Education Tell
albuterol inhaler generic cost at walmart
FG to pay N71bn UBEC outstanding counterpart fund– Official | Education Tell
Hi there, I am Rayna Ary. One of her favorite hobbies is actually by camp but she can’t make it her area. Supervising has been my day project for a while and Dislike think I’ll change it anytime almost immediately. Some time ago I decided i would live in Puerto Rico. I’ve been working on my website for many years now. Do it here: #link#
Hi there, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam responses? If so how do you reduce it, any plugin or anything you can advise? I get so much lately it’s driving me crazy so any support is very much appreciated.|
levitra vs viagra http://viacheapusa.com/
keflex 500 mg https://keflex.webbfenix.com/
Cialis Generique Effets Secondaires [url=https://abcialisnews.com/]Cialis[/url] Cialis Forum Alfemminile Cialis Usa Generic Viagra
wonderful submit, very informative. I’m wondering why the opposite specialists of this sector do not understand this. You must continue your writing. I am sure, you have a huge readers’ base already!|
My partner and I stumbled over here coming from a different web address and thought I might check things out. I like what I see so now i’m following you. Look forward to checking out your web page again.|
This website truly has all of the info I needed about this subject and didn’t know who to ask.
Very good post. I’m going through a few of these issues as well..