MoF Releases K198m for schools ad skills development scheme
Hector Simfukwe-The Ministry of Finance and National Planning has released K198m towards the First term Secondary Boarding Schools and Skills Development Bursary Scheme.
Finance Minister SITUMBEKO MUSOKOTWANE says the resources are part of the 20 % allocated towards the Secondary Boarding Schools and Skills Development Bursary Scheme from the 2022 Constituency Development Fund -CDF.
Dr. MUSOKOTWANE says according to the guidelines issued by the Ministry of Local Government and Rural Development, the selection of beneficiaries will be conducted at community level through Ward Development Committees.
He says it is the resolve of the Government that savings arising from its policy to restructure expenditures through the elimination of subsidies, such as fuel, should steadily benefit the people.
Dr. MUSOKOTWANE says government recognizes the critical role that education plays in human capital formation and in economic growth over the long term.
He says this is why government is happy to redirect resources to investing in young people through education.
Dr. MUSOKOTWANE says this will ensure job creation, socio-economic transformation and provide equitable and quality education for all.
He says Government will endeavor to promote policies that will address the core barriers to access education and ensure all the vulnerable learners can easily access education.
The Finance Minister says the bursary component that is targeted at beneficiaries who are pursuing tertiary education will enable youths from each and every constituency of Zambia to gain skills that are required in nation-building.
He says the acquired skills will prepare the youths in constituencies to construct classrooms, teachers houses, and clinics.
Dr. MUSOKOTWANE says such youths will also be able to manufacture school furniture and undertake plumbing and electrical works among others.
He says using the enhanced allocations of the CDF from, the bursaries for skills training will also empower youths to undertake development works in their areas.
Dr. MUSOKOTWANE says government hopes the bursary administrators will fully embrace the guidelines so that they can achieve the objectives of the Secondary Boarding Schools and Skills Development Bursary Scheme.
He said failure to comply with established financial regulations in the management of the scheme will not be tolerated.
This is contained in a statement made available to ZNBC news in Lusaka.
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