Oyo Releases Running Grants to Schools
The government of Oyo State has approved the release of the sum of 526 million naira as running costs for its 2,500 primary schools and about 640 secondary schools.
A statement by the Chief Press Secretary to Governor Seyi Makinde, Mr. Taiwo Adisa confirms that the sum of 400 million naira has been advanced to the secondary schools, while the primary schools got the sum of 126 million naira.
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 statement, 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 1,000 naira per child per term budget for the schools.
The statement also indicates that the 126 million naira approved for the primary schools has been released to the heads of the various schools.
The statement notes that Ministry of Education is managing the disbursements to secondary schools, while the State Universal Basic Education Commission, SUBEB, is handling the disbursement to primary schools.
The statement urges all stakeholders in the school system to judiciously apply the funds as the government will demand accountability on every kobo released to the schools.