The Federal Government has approved an upward review of the matching grants of state governments for infrastructural projects under the Universal Basic Education (UBE) to N3.5 billion.
The Executive Secretary, Universal Basic Education Commission (UBEC), Dr Hamid Bobboyi said this on Thursday at a 5-day financial training for SUBEB Chairmen and Board Secretaries in Ibadan.
Bobboyi said that the increased matching grants to the states for infrastructural projects was realised from the two per cent consolidated revenue fund allotted for basic education in Nigeria.
He said that the approval followed the passage of the 2024 Appropriation Bill, which was assented into law by the President.
“The 2024 Federal Government Statutory Allocation of the UBE Matching Grant to each state is over N3.5 billion.
“The grant complies with Section 11 (2) of the UBE Act, 2004.
“The state governments…
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