Investigations revealed that the alleged decision by the Presidency to include persons, who are not in formal school setting as beneficiaries, may have impeded the entire process, as the Executive is reportedly seeking to amend the Act and get the nod of the National Assembly to increase the funding from the current N60 billion.
The Fund is to be financed through education bonds; one per cent of all taxes, levies and duties from the Federal Government, Federal Inland Revenue Service , Nigeria Immigration Service and Nigeria Customs Service ; one per cent of profits that government makes from oil and other minerals; donations; gifts and grants or any other form of revenue.
Reacting to the development in an interview yesterday, a civil society organisation, Education Rights Campaign, said it has been vindicated, as it had earlier warned about the “fraudulent nature” of the scheme. During a live programme, he said the process is technically driven and necessary measures needed to be in place for proper execution.
Source: Education Headlines (educationheadlines.net)