Paris club refund fg disburse n71 3bn to universal basic education commission
It appears that you're referring to a news article or a financial transaction involving the Paris Club, a group of international creditors that provides debt relief to developing countries.
According to the article, the Paris Club has disbursed N71 billion (approximately $190 million USD) to the Universal Basic Education Commission (UBEC) in Nigeria.
Here's a breakdown of the information:
- Paris Club: A group of 22 major creditor countries that provides debt relief to developing countries.
- Universal Basic Education Commission (UBEC): A Nigerian government agency responsible for implementing the country's basic education policy.
- Disbursement: The transfer of funds from the Paris Club to UBEC.
The disbursement of N71 billion to UBEC is likely a part of Nigeria's efforts to improve its education sector. The funds will be used to support the implementation of the country's basic education policy, which aims to provide quality education to all Nigerian children.
It's worth noting that the Paris Club's debt relief programs are designed to help developing countries like Nigeria to reduce their debt burden and redirect resources towards development priorities, such as education and healthcare.