A leaked memo addressed to the heads of the universities recently by the Nigerian government noted that commencing from November, universities will have 40 per cent of revenues generated internally and deposited in their accounts will be deducted automatically by the government via the Treasury Single Accounts (TSA).…CONTINUE READING
A copy of the memo addressed to the office of the vice-chancellor of the University of Abuja by the Revenue and Investment Department of the Office of the Accountant General of the Federation in the Federal Ministry of Finance, notified the institution of automatic deduction of 40 per cent of its IGR by the government.
Dated 17 October with reference R&I/2045/T/252, and signed by the Director of Revenue and Investment Department, Felix Ogundairo, the letter noted that the decision which affects all partially funded government agencies and parastatals including universities is in line with the provisions of Section 62 of Finance Act 2020.
The memo reads in part: “It is important to emphasise that this policy of 40 per cent auto deduction of gross IGR is in line with the Finance Circular Reference Number FMFBNP/OTHERS/IGR/CRF/12/2021/ dated 20th December, 2021, limiting the budgetary agencies or parastatals to not more than 50 per cent of their gross IGR and the remittance of 100 per cent of the remaining 50 per cent to the sub-recurrent account.
“While all statutory revenue lines like Tender fees, contractors’ registration fees, disposal of fixed assets, rent on quarters, etc, shall be remitted 100 per cent to sub-recurrent accounts.”
The memo instructed the universities and other affected agencies of the government to align their budgets to the new realities.
Shocked by the policy, the National President of ASUU, Emmanuel Osodeke, told PREMIUM TIMES that his union could not understand what the government meant by IGR in universities. He said universities globally are not revenue-generating institutions, but that what they generate are only costs of services rendered and items provided for students.
Mr Osodeke, a professor, who described the new policy as the government’s attempt to “strangle the poor,” said there is no revenue generated by any university.
He said: “What is IGR? As far as I’m concerned, we don’t have IGR. So, it’s zero. What the students are paying is the cost of items like ID cards, medical health insurance, books, lab coats, among others. So there’s no IGR in universities. So, it’s zero. You see, this is what we have been talking about. Is the university an agency established to generate funds for the government? So, as far as I’m concerned, we will look at it. Let them define what is the idea of IGR. As far as ASUU is concerned, the funds are meant for items and that’s why we call them charges.”
The union president said the universities have been struggling to provide basic amenities like water, electricity, and necessary infrastructure for teaching and learning.
He said many universities receive less than N120 million annually from the federal government as funding support but that they spend more than N1 billion annually on electricity.
“If you talk to the management of the University of Ibadan, or OAU, or any other one, they will tell you they only get roughly N15 million a month from the government to run. Will that be able to pay for electricity bills? So, it’s so sad what we’re hearing today. This is an attack on the university system and I then pray that something will happen and change this narrative. How can you say you’re going to collect these charges that the universities collect to take care of their students? Things like this never even happened during the military. If their children are in these public universities, would they ask for such a thing?”
South African lady and HIV coach shares how she got the virus at 17 from sleeping with a married celebrity
Chief Justice dismisses judge for having affair with petitioner in a divorce case, causing her arrest
U.S. Secret Service tracks Nigerian ‘yahoo boy’ over fraud scheme, confiscates Binance account with over $2.5 million
Portable set to buy a new house as British rapper, Skepta gifts him cash in Pounds
Niger Republic Revokes EU Security Accord, Courts Russia
“Nigerians can’t tell me they are poor” — Kenyan lady says after seeing amount of tomatoes Nigerians use to make stew
5 Ways UK Visa Policy Changes ‘ll Affect Students, Professionals
Buhari’s Ex-Aide Kicks After APC Senator Alleged That Former President Destroyed Economy
Stop accepting money or gifts from a man if you don’t want to have anything to do with him – Man tells Nigerian girls
chief of staff to LAGOS Gov. wins award
Supreme Court strikes out Ihedioha’s suit against Uzodimma
Labour Party Expels Governorship Candidate
Female Customs Officer Travels 12 African Countries on Motorcycle
I visited my dying boyfriend at the hospital only to meet the shock of my life
“You’re responsible for your hunger”: Man refuses to pay for food after lady
I’m In My Soft Girl Era – Ubi Franklin’s Babymama, Sandra Iheuwa Reveals
Alabama Cop Suspended Over Tasering Crying Black Man
Emefiele to seek N300m bail variation
Thief Trapped In Window frame In Machinga (Watch Video)
Mother confesses to be in a romantic relationship with her son (Watch Video)
AVOID Ginger If You Have THESE Health Problems!
It is unfortunate, painful – What Tinubu said about the death of 150 civilians in Tudun Biri
Top 10 largest states in Nigeria by land mass: List with details
Reasons Why You Should Never Date a Single Mother and Marry Her
BREAKING: Tinubu Approves Appointment Of Immigration Comptroller-General
2 Robbers Nabbed For Burgling Redeemed Church & Carting Away Multi-Million Naira Musical Equipment
Fear Grips Imo Govt Officials, As Security Personnel Go After Appointees Over Shady Deals
Shettima, Peter Obi, Alex Otti attend oil magnate Uju Ifejika’s daughter’s white wedding
Meet Obaseki’s Preferred Successor As Next Gov Of Edo State
Man nabbed for allegedly stealing handbag in a church in Anambra state
NLC, FG To Negotiate Minimum Wage on Cost of Living
Documents Expose How Ailing Ondo Governor, Akeredolu’s Aides, Family Members Forged His Signature
Police Bust Robbery Syndicate Led By Lady, Who Specialized In Vehicle Snatching
Sophie Anderson dead updates — Adult film star dies aged 36 just days after tragic loss of boyfriend Oliver Spedding
Lawless Anambra: Tragic end for two brothers
Nobody has monopoly over Benue – Alia warns meddlesome interlopers
City People Honours Rotarian Ifeyinwa Rita Ejezie
Nobody Believed My Father Was Sleeping With Me So I Kept The Pregnancy As Revenge
Senator Ekwunife Describes Report Linking Her With Gov. Uzodinma & Ihedioha As Unfounded, Wicked & Malicious
“Wear Some Glasses And Look Again” – Reno Omokri Reacts To Trending Reports Of The CJN Bowing To APC National Chairman, Ganduje
Health3 months ago
Cancer Of The Stomach Kills, Stop Eating These 4 Foods
Health4 months ago
Soak Onions in Warm Water And Drink it For 3 Days And Thank Me Later
Relationship3 months ago
If you do these things she will never stop thinking about you
Lifestyle4 months ago
Men, If You want to Enjoy Your Marriage, Never Marry a Woman With These 6 Qualities
Lifestyle3 months ago
White Spots On Legs: What Causes Them And How To Get Rid Of Them
Lifestyle4 months ago
Signs That Show Infection Is Growing In Your Pènis
Lifestyle4 months ago
Vegetables You Should Consume Frequently As You Grow Older To Reduce Skin Aging
Latest News3 months ago
BREAKING: CBN Sends Message to Nigerians over New Policy on Dollar to Naira Exchange