Niger Delta
Bayelsa, Firm To Launch Education Trust Fund
The Bayelsa State Government, has said that it will on Friday formally launch the state Education Trust Fund, more than two years after Governor Seriake Dickson signed into law the bill establishing the fund following its passage by the state House of Assembly.
The Commissioner for Information and Orientation, Daniel Iworiso-Markson, disclosed this in a statement he made available to reporters in Yenagoa.
Nigeria’s frontline businessmen and founders of Zenith Bank Plc and Aiteo Group, Jim Ovia and Benedict Peters, are among eminent corporate launchers expected at the event scheduled to take place in Yenagoa.
Dickson had on March 31, 2017, signed the Education Trust Fund bill into law, which made it compulsory for different categories of workers, including contractors and civil servants in Bayelsa, to pay education levies.
In June 2017, he inaugurated a 14-member board of the Education Trust Fund chaired by a former Minister of Science and Technology, Turner Isoun.
The board went to work and in February 2018, presented its first annual report to the governor, declaring a receipt of about N800million out of which it spent N300million, leaving a balance of N500million.
The board had yet to present its second annual report.
Iworiso-Markson explained in the statement that the Education Trust Fund was part of the government’s action plan to sustain the huge investment it had made in the education sector.
He said that apart from Ovia and Peters, other corporate launchers expected at the formal launch were the multinational oil companies operating in Bayelsa.
The information and orientation commissioner noted that the state used to be ranked at the bottom of external examinations before the Dickson administration came on board in 2012, stressing that the state was now among the top five leading states in the country.
He said, “We have also drastically reduced the number of out-of-school children by 90 percent. Our model boarding schools, which today has over 10,000 students, mostly from indigent families on full government scholarships, is also one of the revolution that has happened in that sector.
“All of these need to be sustained and the Education Trust Fund will take care of that”.
Niger Delta
Warri Delineation: Ekpemupolo Seeks Peaceful Impasse Resolution
Niger Delta
Progress In 21-Km Nembe-Brass Road Project Impresses Diri … As Contractor Pledges December Delivery Date
Niger Delta
NDDC Clears Compensation Hurdle, Accelerates 3.7Km Okrika-Borikiri Bridge Project
-
Nation4 days ago
Asarama Kingdom Condemns Gruesome Murder of A Commercial Vehicle Driver
-
Rivers4 days ago
Monarch Raises Alarm Over Defamatory Politics … Urges For Unity In Ogoni
-
News4 days ago
Nigeria, Ethiopia Seal Agreement To Transfer 100 Nigerian Prisoners
-
News4 days ago
Nigeria No Longer Safe For Drug Cartels – Marwa
-
News4 days ago
Xenophobia: 268 Nigerian Returnees Arrive In Lagos From S’Africa
-
News4 days agoFG Declares Today Public Holiday To Mark Democracy Day
-
Women4 days ago
Nigerian Women And Dividends Of Democracy
-
Business4 days ago
FG Approves $1 Bn AFCFTA Credit Facility For Nigerian Exporters
