• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Legal & Regulations

Reps move to increase UBEC funding to 4% as bill passes second reading

Cyrus Ademola by Cyrus Ademola
March 21, 2024
in Legal & Regulations, Sectors
House of Reps, cybersecurity levy, CBN
Share on FacebookShare on TwitterShare on Linkedin

The House of Representatives has successfully passed the second reading of a bill that seeks to amend the Universal Basic Education Commission (UBEC) Act.

The amendment aims to double the funding from the consolidated revenue fund, raising it from 2% to 4%.

Hon. Bako Useni, the Chairman of the House Committee on Basic Education and Services, announced this during the committee’s oversight function at the Digital Resource Center in Abuja, constructed by UBEC, on Thursday.

RelatedStories

Only 9.6% of primary pupils in Kano state have proficiency in reading – UNICEF 

UBEC to introduce template to tackle funding disbursement challenges in state education agencies 

May 14, 2025
FG launches Lumina Programme to tackle Nigeria’s 10 million out-of-school children crisis 

FG launches Lumina Programme to tackle Nigeria’s 10 million out-of-school children crisis 

April 23, 2025

He further mentioned that the amendment bill, proposed by Hon. Muktar Shagaya to raise the revenue allocated to UBEC from 2% to 4%, is essential to funding the academic sector.

  • “The amendment bill which passed the second reading on Wednesday when concluded will make UBEC stronger.
  • “Since UBEC was established in 2004 to date, a lot has been achieved.
  • “However, the House felt that if UBEC is motivated with more funding, it will go a long way in achieving more of what it has achieved.
  • “It was on this basis that one of us, Hon. Shagaya proposed an amendment to the UBEC Act to increase its funding from two per cent to four per cent from the consolidated revenue fund,” he said

Furthermore, Useni remarked that the committee was pleased with UBEC’s digital resource center, highlighting that it aligned with their objective to infuse new dimensions into the nation’s basic education sector.

Recommended reading: UBEC creates 51 model junior secondary, vocational schools in 17 states

According to him, the committee will ensure continuous oversight function for the sustainability of the centre like all others under its mandate.

  • “We have also assured the centre of our collaboration and support through budget allocations and oversight functions to make sure that whatever funds that are provided are used for the betterment of Nigerians.
  • “We will continue to visit to monitor the kind of training that is being given to our teachers and other resource persons because it is a centre for Nigeria to develop its education sector,” he said.

What you should know

The Universal Basic Education Commission (UBEC) is Federal Governments Agency saddled with the responsibility for coordinating all aspects of UBE programme implementation.

  • The Universal Basic Education Programme was introduced in 1999 by the Federal Government of Nigeria as a reform programme aimed at providing greater access to, and ensuring quality of basic education throughout Nigeria.
  • Earlier on Thursday, member of the House of Representatives, Muktar Tolani Shagaya, also called for adequate funding of the Universal Basic Education Commission, UBEC, as a means of tackling the out-of-school children menace.
  • He said the alteration Is seeking to increase the share of the Consolidated Revenue Fund that is allocated for Universal Basic Education from 2% to 4%, urging the lawmakers in the lower legislative chamber to support the amendment in the interest of the nation.
Recommended reading: Nigeria has over 45 million children in primary schools

Follow us for Breaking News and Market Intelligence.
Tags: House of RepsOut-of-School childrenRevenueUBEC
Cyrus Ademola

Cyrus Ademola

  • Cyrus Ademola is an energy and economy analyst with over half a decade experience in journalism, research-based oped, economic reportage and energy analysis. His works have been featured on different media outlets, covering from oil and gas to business trends.

Related Posts

Only 9.6% of primary pupils in Kano state have proficiency in reading – UNICEF 
Education

UBEC to introduce template to tackle funding disbursement challenges in state education agencies 

May 14, 2025
FG launches Lumina Programme to tackle Nigeria’s 10 million out-of-school children crisis 
Education

FG launches Lumina Programme to tackle Nigeria’s 10 million out-of-school children crisis 

April 23, 2025
REPS
Legal & Regulations

House of Reps orders Remita to refund N182.77 billion to federal treasury over TSA irregularities 

April 18, 2025
Nigerian Custom service
Business News

Nigeria customs records N7.1 billion revenue from export supervision scheme at Lilypond command in Q1 2025

April 18, 2025
REPS
Legal & Regulations

No public officer can unilaterally suspend Financial Reporting Council Act – Reps tell Stakeholders

March 28, 2025
REPS
Breaking News

House of Reps endorse President Tinubu’s declaration of State of Emergency in Rivers 

March 20, 2025
Next Post
CBN, NGX,

Global Money Week: CBN, NGX, partners boost students’ financial literacy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Nigeria Railway Corporation dismisses safety concerns on Warri-Itakpe line, says service is fully operational
  • ‘Rams everywhere, no buyers’: Abuja livestock traders lament poor Eid el-Kabir sales 
  • AGF clarifies discontinuance of alleged fraud charges against Fidelity Bank CEO Nneka Onyeali-Ikpe 

Follow us on social media:

Recent News

NRC generates N1.42 billion moving 675,293 passengers in Q1 2024

Nigeria Railway Corporation dismisses safety concerns on Warri-Itakpe line, says service is fully operational

June 9, 2025
Eid-el-Kabir 2025: Livestock prices spike by over 100% in Abuja, traders blame insecurity and scarcity 

‘Rams everywhere, no buyers’: Abuja livestock traders lament poor Eid el-Kabir sales 

June 9, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics