Regulatory Alerts2013-10-07 | ACGSF/02/2013Report of Activities under the Agricultural Credit Guarantee Scheme Fund
The 2019 Annual Development Report for Zamfara State, Nigeria, revealed that the state received a total of N620,881.7 million (USD 1,835,171.20) from the Federal Government's Tertiary Education Trust Fund (TETFUND), Universal Basic Education Commission (UBEC), and other development partners. The state had a total of 211,669 project-eligible schools and received a combined amount of N357,940 million for basic and tertiary education projects. However, the report also highlighted that Zamfara State only utilized 30.8% (N186,109,712.89 million) of the total funds allocated to it, with an outstanding balance of N450,771,987.11 million. The state had completed only a small portion of the education projects financed by these funds, leaving numerous schools in poor condition without access to quality basic and tertiary education facilities. In terms of performance across all states, Kano State was found to be the highest performing, with an allocation of N501,345,402.60 million (USD 1,459,000,000) and utilization of 97% (N488,162,684.00 million). On the other hand, Kebbi State was found to be the lowest performing state, utilizing only 31.17% of its allocated funds. The report also highlights that many states are facing significant challenges in managing and effectively utilizing the funds allocated to them for development projects, particularly in the education sector. There is a need for better planning, implementation, and monitoring systems at both federal and state levels to ensure that allocated resources are used efficiently and effectively to improve educational outcomes for Nigerian citizens.