The federal government recently made public its intention to turn schools into revenue yielding centres. This would have been permissible if, like in countries in Europe and America, the standard is high enough to attract foreign students who have to pay in foreign exchange.
This policy that is already causing outrage among stakeholders in the education sector, demands a mandatory 40 per cent remittance of internally generated revenues (IGRs) (read school fees) by Nigerian universities, polytechnics, colleges of education, and other educational institutions to the federal government. Undeterred, the government announced that it would soon begin the implementation of automatic deduction from internally generated revenues of federal universities and other partially funded institutions. Although, the federal government had hinted that it was granting universities the full autonomy to explore sources of financing their activities, no one in the education sector expected that the promised autonomy would come in this for
Nigeria Government Schools Revenue Education Sector Stakeholders Policy Remittance Internally Generated Revenues Autonomy
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Stroke Day: 40% Of Acute Nigerian Stroke Patients Die Within 30 DaysAs the coordinating minister of health and social welfare, Professor Muhammad Ali Pate, calls for proactive measures against high incidence of stroke, a
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Federal Government's Decision to Deduct 40% of Revenue from Public Universities Sparks CrisisThe Federal Government's decision to deduct 40% of internally generated revenues from public universities has sparked a crisis between the government and university workers. This decision is expected to have a negative impact on the academia, leading to potential pushback.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Simon Ekpa accuses Nigerian government of injustice against Igbos, insists on referendumMazi Simon Ekpa, the leader of the Biafra Republic Government in Exile, has accused the Nigerian government of decades-long injustice, unfairness and marginalization against Igbos. He said there is no going back on the actualization of the Biafra referendum.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Despite funding constraints, Nigerian government establishes eight new tertiary institutionsThe new development comes days after Mr Mamman said the government has decided to delay the kicking-off of all the new institutions approved at the twilight of the administration of former President Muhammadu Buhari due to funding constraints.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Nigerian Government looks to clear $6.8 billion forex overdue to steady nairaInflows adding up to $10 billion are to come in in the weeks ahead, said Special Adviser to the President on Economic Affairs Tope Fasua
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Court nullifies Nigerian government’s proscription of IPOBThe court declared that self-determination was not a crime, and therefore, cannot be used as a basis to arrest, detain and prosecute Nnamdi Kanu.
Source: PremiumTimesng - 🏆 3. / 78 Read more »