The UBEC Executive Secretary, Dr Hamid Bobboyi has revealed that the Federal Government has released the sum of N71.3bn from the Paris Club refund to the Universal Basic Education Commission.
Bobboyi disclosed this during a briefing with newsmen in Abuja on Wednesday, December 19, 2018.
According to him, the refund is for the provision of much-needed infrastructure in Public Primary and Secondary schools across the country.
He also stated that the commission would disburse the money to the 36 states and the Federal Capital Territory, Abuja adding apart from the Paris Club Refund, the commission would disburse another N71.3bn which is the marching grant for the states and the FCT totaling N142.6bn.
Bobboyi said; “The Federal Government will credit the account of UBEC with about N71.3bn. We are going to add the matching grants and so, in the next few months, the states are going to get a total of N142.6bn. The money is to ensure the provision of needed facilities in public primary and junior secondary schools in the country.
“The sum of N71.3bn was deducted by the Federal Government from the Paris Club Refund accruing to the states. The other N71.3bn will come from the marching grants from UBEC. By the next three, four months or at most five months, we will have no un-accessed funds in UBEC.
“Why am I making the promise? It is because the Federal Government found it (the un-accessed funds) inappropriate and discussed it with the states. It thereafter deducted from the Paris Club refund the entire amount meant for the states up to August 2017.”