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Just in: FG Announces Increase In UBE Matching Grants

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By Mario Deepromoter

The Federal Government has increased the matching grants for state governments’ infrastructure projects under the Universal Basic Education (UBE) to N3.5 billion. 

This update, as reported by the News Agency of Nigeria (NAN), was announced by the Executive Secretary of the Universal Basic Education Commission (UBEC), Dr. Hamid Bobboyi, during a five-day financial training for State Universal Basic Education Boards (SUBEB) Chairmen and Board Secretaries in Ibadan.

“The grant complies with Section 11 (2) of the UBE Act, 2004,” He said. 

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“The 2024 Federal Government Statutory Allocation of the UBE Matching Grant to each state is over N3.5 billion,” Bobboyi said. 

He voiced that states are required to match this amount with their own N3.5 billion counterpart funding to support UBE intervention projects for the first through fourth quarters of 2024.

Reports provide that previously, state governments received about N1.3 billion annually in matching grants, but this amount has now been increased to N3.3 billion. 

Bobboyi noted that with the increased funding, states are expected to contribute N3.3 billion to obtain approximately N6.6 billion in total support.

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“With the impressive amount, states are expected to bring in matching grants of N3.3 billion to go home with about N6.6 billion,” He said. 

“This is quite an impressive amount. Of course, we also took into account that inflation had affected the grants,”

He also stated that is very encouraging to see that the available amount is decent enough for states. 

“It’s quite a reasonable amount if it could be applied well,” he said.

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Bobboyi pointed out that states yet to access their 2023 matching grants, totaling N1.4 billion as of July 1, 2024, should do so. 

He further harped on the importance of children gaining basic education, as it’s standard ends at the secondary school level.

He noted that around 46 million children are enrolled in schools nationwide, but encouraged the state chairmen and secretaries to collaborate effectively to address these issues and reduce the number of out-of-school children. 

He also noted that quarterly meetings will provide a platform for discussing challenges and solutions in the basic education sector.

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Rupture In PDP Governors’ Forum deepens

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By Ojomah Austin.

 

The evolving fall-out, which comes barely days to the contentious National Executive Committee (NEC) of PDP, followed a back and forth between the Federal Capital Territory (FCT) Minister, Nyesom Wike and the Governors forum, who declared support for Rivers State governor, Siminalayi Fubara to be made leader of the party in the state.

After a meeting with some members of the party’s National Working Committee (NWC) in Bauchi on Wednesday, Governor Mohammed, said “According to our party’s constitution, any leadership vacancy should be filled by someone from the region where it originated,” stressing that Damagum would be replaced soon considering that he hails from North East and not the North Central.

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Same day, Makinde, during the groundbreaking of the upgrading of Ladoke Akintola Airport, Ibadan, to an international airport, which was attended by another set of NWC members, led by Damagum, said he would support whatever decision the Damagum-led NWC would take to reposition the party.

Damagum, who is considered a close ally of Nyesom Wike, the Federal Capital Territory (FCT) Minister, was appointed acting national chairman after the removal of Iyorchia Ayu in June 2023.

Meanwhile, the Board of Trustees (BoT) of the PDP led by Senator Adolph Wabara, met with members of the National Assembly caucus in Abuja.

The close door meeting comes barely hours after the BoT met with Wike in Abuja.

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While Wabara refused to comment on the essence of the meeting with the lawmakers, it was noticed that most of the lawmakers didn’t honour the invitation.

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Tears As Man Takes Own Life Over Tinubu’s Govt Hardship

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By Mario Deepromoter

Sad development in Marika village, Kiyawa Local Government, Jigawa, where a 40-year-old man, Jibrin Adamu, committed suicide by hanging himself.

According to eyewitnesses, Adamu’s lifeless body was discovered in a classroom at Miftahul Khairat Islamiyya and Primary School Gurdiba on Thursday.

Police spokesperson DSP Lawan Shiisu Adam confirmed the incident, stating that preliminary investigations revealed Adamu had struggled with mental health issues.

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“Police received a report on Thursday that at about 1830hrs, a tragic incident was reported at the Command headquarters that one Jibrin Adamu ‘m’ age 40yrs of Jigawar Maroka village, Kiyawa LGA has committed suicide by hanging himself over the ceiling at Islamiyya school,” the Police spokesperson told Daily Post.

The Jigawa State Commissioner of Police, CP AT Abdullahi, has instructed officers to conduct a thorough investigation into the incident.

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Just in: Dangote Petrol Now Available at N765.99 Per Litre

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By Mario Deepromoter

11plc, Total Energies, AA Rano, and other marketers have begun lifting Dangote Petrol through Nigerian National Company (NNPC) Trading Limited for N765.99 to retail outlets nationwide.

Findings showed some petroleum marketers who were able to complete their payment process on the NNPC trading payment portal commenced the lifting of petrol earlier this week under the existing agreement between marketers and the refinery.

Tunji Oyebanji, managing director, 11Plc confirmed to BusinessDay on Thursday evening that some marketers have started lifting the products at N765.99 from Dangote Refinery through NNPC who remain the sole off-taker of product.

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“We were among the first marketers to complete the payment on the NNPC portal. We have no direct arrangement with the refinery,” Oyebanji said.

It was gathered that NNPC Retail, 11plc, Total Energies, A.A Rano are among the marketers that have picked up products from the refinery.

He added, “We don’t know the contractual financial arrangement between NNPC and the refinery but what I can confirm is we are buying at N765.99 from NNPC to lift Dangote petrol”.

Efforts to get the Independent Petroleum Marketers Association of Nigeria (IPMAN) to confirm if its members have picked up products at the Dangote Refinery proved abortive at the time of writing this report.

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See also Nigeria’s Petrol Landing Cost Revealed
Adedapo Segun, executive vice-president, downstream at NNPC said marketers cannot purchase petrol directly from the refinery because the product is still sold at a subsidised rate.

“That is the same thing happening with Dangote. I said earlier that Dangote is a company and it is going to sell at market price,” he told Journalists.

According to Segun, “The market value of PMS is still higher than what N766 or N765 or N799 that NNPC is selling.

“The situation has not changed there. So, NNPC’s off-taking is only because the others would not buy at the price Dangote will be willing to sell, which is reasonable.

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“As soon as the price allows for it, you will see the marketers go to Dangote and buy.”

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