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Alba Iulia
Friday, May 27, 2022

Ministry of Finance releases K198 million towards the First term Boarding Schools and Bursary Scheme

Economy Ministry of Finance releases K198 million towards the First term Boarding...

The Ministry of Finance and National Planning yesterday released K198 million towards the First term Secondary Boarding Schools and Skills Development Bursary Scheme. The resources are part of the 20% allocated towards the Secondary Boarding Schools and Skills Development Bursary Scheme from the 2022 Constituency Development Fund.

According to the guidelines issued by the Ministry of Local Government and Rural Development, the selection of beneficiaries shall be conducted at the community level through Ward Development Committees.

It is the resolve of the Government that savings arising from Governments policy to restructure expenditures through the elimination of subsidies, such as fuel, should steadily benefit our people. We do recognize the critical role that education plays in human capital formation and in economic growth over the long term. This is why we are happy to redirect resources to investing in young people through education. This will ensure job creation and socio-economic transformation and provide equitable and quality education for all. As Government, we will endeavor to promote policies that will address the core barriers to access education and ensure that all the vulnerable learners can easily access education.

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 national building. The acquired skills will prepare the youths in constituencies to construct classrooms, teachers houses, and clinics. They will also be able to manufacture school furniture and undertake plumbing and electrical works etc.

Therefore, using the enhanced allocations of the CDF from K1.6 million to K25.7 million per year for each Constituency, the bursaries for skills training will also empower youths to undertake development works in their areas either as contractors or employees.

It is our hope that bursary administrators will fully embrace these guidelines so that together we can achieve the objectives of the Secondary Boarding Schools and Skills Development Bursary Scheme. Failure to comply with established financial regulations in the management of the scheme will not be tolerated.

We are optimistic that once the economic reform measures are fully implemented, significant benefits will accrue to the people of Zambia through increased financing of social protection mechanisms. This will further alleviate the suffering of poor and vulnerable households.

Issued By:
Dr. Situmbeko Musokotwane, MP
MINISTER OF FINANCE AND NATIONAL PLANNING

16 COMMENTS

  1. Released… into some hitherto intermediary that will take the entire term before the cash hits the respective schools’ accounts. Let’s wait and see. By the way, has FRA disbursed the cash you released to the farmers?

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  2. Maybe K1.3million per constituent yes. It used to go into people’s pockets. Not any more. Those days are gone! The Poor and under Privileged People first!

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  3. I’m still waiting for PF cadres to
    Comment. And mafikkalah elo mwalanya nomboline, wait for the Teachers to be recruited, wait for the nurses, wait for the CDF(when all these are out there Hunger pa Zed ll be 70% less), and remember that CDF alone in 2years can completely wipe out all the hunger. This is before we talk of free education, increased Social Cash Transfer, payment of farmers/retirees and even before 70% of Zambian businesses start to export substantially which is around the corner also.

  4. This is good certainly why people wanted change during PF regime this money they would use for brand new Ford Rangers for cadres on boards..

  5. Lord continue to bless and protect this man. His mind is in the right place. Its time for the poor to have a taste of the National pie, no matter how little. Those hungry children in Shangombo……Lesa wesu! Muliba kalamba!

  6. This is why Telecomms Billionaire Mo Ibrahim said that the only difference between Lilongwe and Zurich is good governance and leadership…Zambia is getting there, we are a rich nation we just dont know it.

  7. PF coming back is a dream during lunch our . That money under PF it was going to be used to buy Ford ranger for mutale mwanza kufunace vigololo ba lungu. Those monies bodoman or borroman lusambo used to carry at the market and start telling people that bapresident bacinipe ulupia but I don’t know how to use it.

  8. WONDERFUL DEVELOPMENT INDEED! THEY SAY A JOURNEY OF A THOUSAND MILES BEGINS WITH ONE STEP. YOU HAVE STARTED WELL BOSS! I BELIEVE THAT UNZA AND CBU GRATUTITY DEBT WILL SOON BE CLEARED BY THE FINANCE MINISTER.
    PF CLEARLY HAD A PROBLEM WITH THAT BECAUSE IT WAS POLITICISED TOO.
    AGAIN WELL DONE! PANG’ONO,
    PANG’ONO MDALA.

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