Oyo State Government has stated that it is not among states that does not pay counterpart funds to access grants for Universal Basic Education Commission (UBEC).
This was stated to debunk claims that the state has not fulfilled its obligation.
Disclosing this on Thursday in Ibadan, Oyo State capital, the Executive Chairman, Oyo State Universal Basic Education Board (SUBEB), Dr. Nureni Adeniran affirmed that the State has not defaulted any payments for counterpart funds for the year 2020 and 2021 to UBEC.
He said the administration of Governor Seyi Makinde has been faithful to the release of funds for the Basic Education sub-sector, in to tackle the growing number of children in the State’s Primary schools.
Dr. Adeniran maintained that the federal agency is in possession of the counterpart grant paid by the state government for 2020 and 2021.
READ ALSO: Oyo Gov’t affirms N9.3 billion for purchase of 106 buses
“We equally have evidence of the payment and lodgement of the money”, he added.
“Oyo state does not belong to the categories of states that failed to pay counterpart funds to access UBEC matching grants as being erroneously peddled in the above news item”.
He stressed that the federal government agency has done due diligence, after receipt of the counetrpart funds and the Action Plans for the projects and that UBEC has sent its team of experts to carry out verification exercise on all the proposed construction/renovation as well as the school furniture and boreholes to be sunk.
“They have completed the exercise and submitted their report. There is no doubt that the matching grants will be released to the State any moment from now because UBEC is at the final stage of the exercise”, he said.
“UBEC grants are recurring annual federal educational grants to state governments accessed after payment of specified matching counterpart funds. Despite the huge amounts normally required as counterpart fund, the Oyo State Government under Governor Seyi Makinde has not fialed in releasing its part of the funds”.
He advised journalists and online bloggers to clarify stories from the right quarters and not mislead the public, saying the State Government’s claims can be confirmed from UBEC office, Abuja.
Follow the Neptune Prime channel on WhatsApp: https://whatsapp.com/channel/0029Va74ZvU2v1IqKByXoX3d
Do you have breaking news, interview request, opinion, suggestion, or want your event covered? Email us at neptuneprime2233@gmail.com
.){kind=link}