The federal government has approved an upward review of statutory allocation of the Universal Basic Education matching grants accessible by each state government for infrastructural projects to N3, 554,642,584.46.
Executive secretary of the Universal Basic Education Commission (UBEC), Dr Hamid Bobboyi disclosed this during a 5-day financial training for SUBEB chairmen and board secretaries in Ibadan, the Oyo State’s capital on Thursday.
Dr Bobboyi disclosed that the increased matching grants to the states from 2% of the consolidated revenue fund allotted to support basic education in Nigeria are for project implementation.
He said the approval followed the passage of the 2024 Appropriation Bill and the assent of the Bill into law.
