Kwara state set to use UBEC funds to develop educational sector

Kwara state set to use UBEC funds to develop educational sector

Kwara State government is said to have aant to invest the sum of N14billion in its basic education sector, with the cabinet approving a N7.1billion facility to access the six-year backlog of outstanding UBEC funds.

The money would be used as 50 per cent matching grants for the UBEC counterpart funds and is to be spent to close the gap in its basic educational sector, including building schools, training and equipping teachers with modern teaching skills, providing instructional materials, and getting vehicles to foster the monitoring and quality assurance activities across the state, Finance and Planning Commissioner Olasumbo Florence Oyeyemi said this during the cabinet meeting.

Kwara state is currently the state that has Nigeria’s highest outstanding UBEC funds following the backlist slammed on it for diverting what it accessed in 2013. The state exited the pariah status last year after the new administration paid back the N450m that was diverted, although it still has a backlog of N7,151,000,000.00 with UBEC.

Added to the N7.1bn matching grants from UBEC, she said Kwara would be committing at least N14,301,843,568.18 to renovate basic education sector across the state which will be a benefiting addition educational sector.

She told the cabinet that the facility becomes necessary in the face of weakening resources to subnational governments across the country.

The cabinet decision would be sent to the House of Assembly for approval and to be included in a supplementary budget which the government might seek to invest much into it across productive sectors of the economy.

News 9ja