‘Accounting standards crucial to project execution in schools’
The Executive Chairman of the Benue State Universal Basic Education Board (SUBEB), Grace Adagba, says the International Public Sector Accounting Standards (IPSAS) is crucial to improving accountability and timely access to funds for development projects in basic education. She spoke in Abuja on Thursday during a three-day IPSAS accrual basic training organised by the Centre […]
Apo primary school, Abuja
The Executive Chairman of the Benue State Universal Basic Education Board (SUBEB), Grace Adagba, says the International Public Sector Accounting Standards (IPSAS) is crucial to improving accountability and timely access to funds for development projects in basic education.
She spoke in Abuja on Thursday during a three-day IPSAS accrual basic training organised by the Centre for Economic Reform Initiative to strengthen fiscal transparency and promote the use of technological innovations in modern financial management.
“With IPSAS, we are better equipped to manage UBEC accounts accurately, ensure proper documentation and meet all requirements for timely release of counterpart funding. This means quicker and more effective execution of projects in basic education schools,” she said.
Adagba said that the prompt release of counterpart funds by Governor Hyacinth Alia had enabled the Benue SUBEB to access interventions by the Universal Basic Education Commission (UBEC) without delay.
“Because of the governor’s support, we are now able to execute modern facilities in schools, including storey-building classrooms, furniture, digital and non-digital libraries, water and sanitation projects, supply of smart boards, the shift from chalkboards to whiteboards and other critical infrastructure that are enhancing the learning environment for our children,” she said.