UBEC Reports ₦267 Billion in Unused Education Funds
The Universal Basic Education Commission (UBEC) disclosed that as of August 2026, approximately ₦267 billion in released basic education intervention funds remained unutilized. Additionally, ₦65 billion in counterpart funding had not been accessed by states.
This information was shared during a government workshop in Abuja on 12 October 2026. The failure to utilize these funds indicates a governance issue rather than a scarcity of resources.
UBEC also reported that about 70 percent of Nigerian children of primary school age cannot read and understand a simple text. This situation poses a significant challenge for Nigeria, which relies on its youthful population for economic growth.
The unutilized funds and the inability of states to access counterpart funding raise questions about planning, procurement, and implementation, emphasizing the need for accountability among state governors in addressing the education crisis.
Plus234Feed summary based on reporting from The Authority. Read the original report below.
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