Senate to ease access to UBEC funds
Senate President Bukola Saraki said amendment of the Compulsory Universal Basic Education Act will provide states with needed funds to enhance quality education in the country.
In a statement by his Special Adviser on Media and Publicity, Yusuph Olaniyonu, Saraki said for many years, several states have been unable to access the intervention funds from the Universal Basic Education Commission (UBEC), due to inability to pay the 50 per cent matching grant prescribed by the Act.
He said the Senate amendment of the bill was in line with its commitment to ensure that education was improved at all levels across the country.
“There is absolutely no point having over N60 billion of basic education funds lying idle, because the states, due to other necessary commitments, cannot provide the counterpart funding for UBEC.
“This is why the Senate amendment is a downward review from 50 per cent to 10 per cent. What we are doing is telling the states that education is important, we know that you cannot commit the full 50 per cent to UBEC, however, if you can bring 10 per cent of the counterpart funds, you will be able to access this money to improve the quality of basic education.
“This will go a long way in taking many more of our children off the streets and back in the classrooms, where they belong,” Saraki said.
On his part, the Senator representing Sokoto North, Senator Aliyu Wammako, the sponsor of the bill said the amendment will ease pressure on states in accessing funds for infrastructure development.