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N47b Primary School Funds Lie Idle At CBN –UBEC - Education - Nairaland

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Pupils Of A Primary School Climbing Fence / 50% Of Teachers In Sokoto Are Stark Illiterates Says UBEC / Over N26bn Spent On Ubec Nationwide – Min Of Education Ezenwo Wike (2) (3) (4)

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N47b Primary School Funds Lie Idle At CBN –UBEC by Ventura1: 4:21pm On Aug 29, 2014
Over N47 billion has piled up at the Central Bank of Nigeria,
CBN, as funds various state governments are yet to access for
the funding of primary education across the country.

This was disclosed yesterday by the Public Relations Officer of
the Universal Basic Education Commission, UBEC, Mr David
Apeh while speaking to Vanguard in Abuja.

Apeh further buttressed his claim by presenting a document
which showed the affected states in a tabular format.

He explained that release of UBE funds are regulated in such a
manner that both the Federal and state governments have to
contribute equal sums into an account domiciled with the CBN
before the allocation to state governments could be released to
them.

However, UBEC which regulates disbursement of the funds has
often complained that whereas the Federal Government has
always provided its own contribution to the fund for financing
primary school education, many state governments have
defaulted over the years.

Leading the pack of states that have defaulted in contributing
their own counterpart funds since 2005 is Ebonyi whose
unaccessed funds so far stand at N3,464,442,842.66 . The
table further shows that Enugu trails behind Ebonyi with
N2,506,955,448.10. Benue is next with a total of
N2,405,836,855.35. Abia State’s pile of primary education
funds come next and stand at N2,306,955,447.10.
Other states whose primary education funds have been lying
idle at the apex bank are: Kogi- N2,281,051,859.84;
Nassarawa- N2,280,524,553.14; Ogun- N2,280,524,553.14;
Oyo-N2,280,524,553.14 ; Yobe- NI,854,056,196.18 and Niger,
N1,773,764,924.18.

The states that have collect all their UBE allocations are
Katsina and Sokoto.

Throwing more light on the role of UBEC, Apeh stated it is an
intervention agency that was established to ensure that
Nigerian children have access to primary education all over the
country.

Said he: “One of our duties is to make sure that the Federal
Government’s contribution to this fund is available so that the
state governments would come forward to claim them by
providing their own equal contribution. This is basically for the
development of primary schools in the 36 states of the
federations and the Federal Capital Territory.

This is because education for all is the responsibility of all; that
is to say, the local, state and Federal tiers of Government are
involved. UBEC’s responsibility is to ensure that things are
done properly in primary schools across the country which is
the foundation for educational system.”

However, he accused some state governments of refusing to
come forward to collect these funds because they have refused
to provide their own contribution.

Said he: “What has been happening is that the Federal
Government has been keeping funds aside and asking the
various state governments to come forward and collect them.
But these state governments have not been complying
probably because of lack of political will or some other reasons
best known to the affected state governors. This is why large
sums of money which are supposed to have collected by the
affected state governments are still piling up at the CBN. This is
the reason why you observe that primary school pupils sit
under trees to receive lessons in some states of the federation.”
He continued: ” These funds are supposed to be used for the
construction of more classrooms and making of school
furniture so that both the pupils and teachers could be more
comfortable in the school environment”.

He explained that the basic condition for the affected state
governments to collect these funds is for them to make their
own contribution to the fund.

According to him: “For instance, if one million Naira has been
set aside as UBE fund for a particular state by the Federal
Government, all that the affected state government needs to do
is to contribute its own N1 million to the fund. Based on this
contribution, the sum of two million Naira would then be paid
to that state government and this fund must only be utilized for
financing development of primary schools.”
He further stated that the commission was considering
sanctions that could be applied by defaulting state
governments.

Said he: “We have sent an amendment to the National
Assembly whereby we proposed that the UBE Act should be
amended in such a manner to empower the National Assembly
to deduct such counterpart funds for primary education at
source from the allocations of the various state governments at
the Federal Allocations Accounts Committee, FAAC.”
Re: N47b Primary School Funds Lie Idle At CBN –UBEC by Ventura1: 4:21pm On Aug 29, 2014
Re: N47b Primary School Funds Lie Idle At CBN –UBEC by Nobody: 4:36pm On Aug 29, 2014
Ok - Shekarau should move it to support election 2015 for his paymaster grin

4 Likes

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by QMark: 5:44pm On Aug 29, 2014
And most public schools have no covering roof. sad

8 Likes

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by jorhney(m): 5:44pm On Aug 29, 2014
story for the gods

3 Likes 2 Shares

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by Nobody: 5:45pm On Aug 29, 2014
Idle?? If I hear, money? Idle in Nigeria

7 Likes 2 Shares

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by Nobody: 5:46pm On Aug 29, 2014
is UBEC still alive..

1 Like

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by jorhney(m): 5:46pm On Aug 29, 2014
Babyboy1986: H.



you be mumu i swear grin

4 Likes

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by Canme4u(m): 5:47pm On Aug 29, 2014
Hmmmmm, thats tricky.
Re: N47b Primary School Funds Lie Idle At CBN –UBEC by Nobody: 5:47pm On Aug 29, 2014
If they don't know how to put the fund to good use, they should give it to people like meee cool cool cool

3 Likes 1 Share

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by RichDad1(m): 5:49pm On Aug 29, 2014
Leaders of tomorrow..,

7 Likes 1 Share

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by Edwardhead(m): 5:49pm On Aug 29, 2014
I shared this and what next?

1 Like 1 Share

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by Nobody: 5:50pm On Aug 29, 2014
Always for the gods
Re: N47b Primary School Funds Lie Idle At CBN –UBEC by mencade5(m): 5:50pm On Aug 29, 2014
nigerians we are enemies of ourselves.

Use this money to help the poor masses, no way. Someone somehow is planning how to chop all this money.

Greed!

3 Likes

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by iceberylin(m): 5:51pm On Aug 29, 2014
2015 Election Fund... we know Better grin

2 Likes

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by iceberylin(m): 5:52pm On Aug 29, 2014
Edwardhead: I shared this and what next?
all your Followers will be Notified
Re: N47b Primary School Funds Lie Idle At CBN –UBEC by HAH: 5:54pm On Aug 29, 2014
Or do you mean 2015 election money kept in UBEC account
Re: N47b Primary School Funds Lie Idle At CBN –UBEC by Babyboy1986(m): 5:54pm On Aug 29, 2014
Dem swear for you?
jorhney:



you be mumu i swear grin

1 Like

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by Nobody: 5:54pm On Aug 29, 2014
How true is this?

Or is this not Nigeria again?

1 Like

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by bennygreat1(m): 5:54pm On Aug 29, 2014
All we hear is Billions lying somewhere,or has been released... Yet we don't see what they do with these billions... We re too corrupt in Nigeria,and itz on the increase!!! God help Us.

2 Likes

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by felzylix(m): 5:54pm On Aug 29, 2014
The figure is all we hear, we don't see any improvement. Where is the money that was released to ASUU?

4 Likes

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by Vstuffs(m): 5:54pm On Aug 29, 2014
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https://www.nairaland.com/1788943/get-complete-web-development-video

2 Likes

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by Nobody: 5:55pm On Aug 29, 2014
RichDad1: Leaders of tomorrow..,
lmfao!!!!! grin cheesy

1 Like

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by meforyou1(m): 5:55pm On Aug 29, 2014
Better lying idle, until we find seasoned administrators to administer it, than stolen and squandered

1 Like

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by epospiky(m): 5:56pm On Aug 29, 2014
Too long for me to finish! And the schools are left unattended to. Hmmm naija. God, help our leaders.
Re: N47b Primary School Funds Lie Idle At CBN –UBEC by Edwardhead(m): 5:57pm On Aug 29, 2014
Thanks for the enlightment
iceberylin:
all your Followers will be Notified
Re: N47b Primary School Funds Lie Idle At CBN –UBEC by Tmtn: 5:59pm On Aug 29, 2014
Oga oo
Re: N47b Primary School Funds Lie Idle At CBN –UBEC by meforyou1(m): 6:00pm On Aug 29, 2014
NewsBliss: but why cant that money be used immediately?
it can't be used immediately because our thieving governors are defaulting in paying their own counterpart funding. And until they pay, the federal govt part must remain with CBN

2 Likes

Re: N47b Primary School Funds Lie Idle At CBN –UBEC by nyt3237(m): 6:00pm On Aug 29, 2014
waiting....

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