Saturday, 18 November 2023 05:05

After widespread condemnation, Tinubu cancels plans to deduct 40% from IGR of public varsities

Rate this item
(0 votes)

President Bola Tinubu has halted plans to automatically deduct 40 percent from the internally generated revenue (IGR) of federal universities.

According to Premium Times,  Tahir Mamman, the minister for education, spoke at the 75th Founder’s Day ceremony of the University of Ibadan (UI).

The federal government had earlier said it was ready to implement a 40 percent automatic deduction from the IGR of federal universities and other partially-funded institutions.

But the policy has been criticised as being insensitive by stakeholders in the education sector, including the academic unions.

Mamman, who represented Tinubu at the UI ceremony, admitted that the policy implementation was ill-timed.

He said the president is committed to reforming the education sector as the bedrock for national development.

“The 40 percent IGR automatic deduction policy stands cancelled. This is not the best time for such a policy since our universities are struggling,” the minister said.

Earlier while rejecting the IGR deduction, the Academic Staff Union of Universities (ASUU), said public universities were not revenue-generating agencies.

The union urged the federal government to remove universities from the category of  agencies required to remit IGR, in the interest of affordability and accessibility of education in the country.

“NEC condemns the directive in its entirety because it would further impoverish and emasculate the Nigeria university system,” the union had said.

 

The Cable

April 03, 2025

Oil prices sink after Trump announced sweeping new tariffs

Oil prices dropped $2 on Thursday after U.S. President Donald Trump announced reciprocal tariffs on…
April 02, 2025

Natasha outsmarts Kogi govt, Police; ‘drops’ from sky to jubilant crowds

In a spectacular display of defiance, Senator Natasha Akpoti-Uduaghan turned the Kogi State Government and…
March 30, 2025

Does wearing a cap make you go bald? Here’s what dermatologists want you to know about hair loss

Hair loss can be an upsetting and worrisome experience. But with a slew of wellness…
March 30, 2025

Two 'proof of heaven' stories and one 'proof of hell' that had atheist calling out…

Ole Braatelien What happens to our consciousness the moment we die? Christians believe our souls…
April 02, 2025

Ponzi schemes: New law slams 10-year jail term, N40m fine - SEC

Nigeria’s Securities and Exchange Commission (SEC) has finally declared war on Ponzi schemes, with a…
April 03, 2025

What to know after Day 1134 of Russia-Ukraine war

WESTERN PERSPECTIVE Putin conscripts 160K men as Russia eyes Ukraine offensive Russia has initiated its…
March 28, 2025

Bill Gates: Within 10 years, AI will replace many doctors and teachers—humans won’t be needed…

Tom Huddleston Jr. Over the next decade, advances in artificial intelligence will mean that humans…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.