The Oyo State Governor, Engr. Seyi Makinde has approved the release of
the sum of N526 million as running costs for its 2,500 primary schools
and 640 secondary schools.
A statement by his Chief Press Secretary, Taiwo Adisa, on Monday in
Ibadan, confirmed that the sum of N400 million has been advanced to
the secondary schools, while the primary schools got the sum of N126
million.
The amount is to cover the running grants of the schools for the first
term of the 2019/2020 academic session.
According to the state government, Principals of secondary schools as
well as Heads of primary schools across the state have been mandated
to open accounts to receive the running grants.
There are 640 secondary schools spread across the state, which have
already started benefitting from the N1,000 per child per term budget
for the schools.
“With the number of students in the secondary schools put at 400,000
and at N1,000 per child, the state would be spending the sum of N400
million a term on the secondary schools. The final figure for
secondary schools would terminate at N1.2 billion per session,” the
statement read.
The statement also indicated that the N126 million approved for the
primary schools has been released to the heads of the various schools.
Whereas the Ministry of Education is managing the disbursements to
secondary schools, the State Universal Basic Education Commission
(SUBEB) is handling the disbursement to primary schools.
“The release of the funds is a fulfilment of Governor Seyi Makinde’s
free education policy, which is already yielding positive results
across the state,” the statement further indicated.
According to the statement, “the Governor of Oyo State has approved
the disbursement of school running costs to primary and secondary
schools. As we speak, all the schools should have been credited except
those who failed to supply the required account details on time.
