Section 11: Financing of the Universal Basic Education.

(1)
The implementation of the Universal Basic Education shall be financed from-
(a) Federal Government block grant of not less than 2% of its Consolidated Revenue Fund;
(b) funds or contributions in form of Federal guaranteed credits; and
(c) local and international donor grants.
(2)
For any State to qualify for the Federal Government block grant pursuant to sub-section (1) of this section, such State shall contribute not less than 50% of the total cost of projects as its commitment in the execution of the project.
(3) The administration and disbursement of funds shall be through the State Universal Basic Education Board.