Kwara govt stops subvention to Kwarapoly, College of Health Tech. Offa; cuts allocations to other institutions

Date: 2016-08-08

In view of the dwindled financial allocations in the state, Kwara state government has cut the age long annual subvention to Kwara state polytechnic, Ilorin and College of Health Technology Offa, while it released a slashed N430,388,359.24 to the remaining seven others,with a promise to pay the balance of N86,996,421.7 by the end of August.

Governor Abdulfatah Ahmed of Kwara State The State Commissioner for Finance, Alhaji Demola Banu, who disclosed this in a statement on Sunday, explained that the government had reviewed the subventions accruing to the institutions by deploying mechanisms to block loopholes and wastage in the system. Banu also clarified in the statement that the decision to stop annual subvention to the two institutions was because findings revealed that their IGR could conveniently meet their financial needs towards the smooth running of the two institutions.

The commissioner said that institutions still enjoying government subventions include the Kwara State University (KWASU); Kwara State Colleges of Education in Ilorin, Oro and Lafiagi; Kwara State College of Arabic & Islamic Legal Studies; Kwara State College of Nursing, Oke-Ode; and the Kwara State School of Nursing and Midwifery, Ilorin.? He asserted that the dwindled financial allocations to the state and the need to cut excesses prompted the State government to stop and cut the annual subventions that were hitherto being collected by the institutions.

The Commissioner called on the management of all the state-owned institutions to be more innovative and resourceful in generating revenue for their schools, adding that the situation where government's subventions are spent only on recurrent expenditure was not sustainable. He also said that school authorities should be prudent in the utilisation of financial resources in order to make their institutions gain some degree of financial autonomy.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Segun Ogunsola     Mohammed Halidu     Elesie Of Esie     Goodluck Jonathan     Budo Egba     Sunday Fagbemi     Pakata     Titus Suberu-Ajibola     Ilorin West/Asa Federal Constituency     Magaji Are     Olatunde Jare     Elese Of Igbaja     Universal Basic Education Commission     Abdulrahman Abdullahi Kayode     Dumagi     Orire     Egbewole     Laduba     AGILE Programme     Hausa     Sunday Otokiti     Turaki     Stephen Fasakin     Government High School (GHS), Adeta     Idi-Ape     Ayeyemi Sulaiman     Raliat Elelu-Habeeb     Kale Kawu     AIT Ilorin     Shonga     Garba Idris Ajia     Lawal Arinola Kudirat     SSA Youth     Wahab Abayawo     David Oyerinola Adedunmoye     Tayo Alao     Local Government     MMWG     Abdulraheem Yusuf     Kwara State Council Of Chiefs     Zulu Gambari     Voices Of Tomorrow     Yusuf Abdulwahab     NAWOJ     TETFUND     General Hospital     VADA     Adeola Abraham     Sheikh Ariyibi     Gbemi Saraki     Benin Republic     Omotoso Musa     Overland     Ishaq Abdulkarim     Emir Of Kano     Idofin     Doyin Group     Ibikunle Ogunleye     Mohammed Khadijat Kubura     TVC Female National Debate     Nurudeen Mohammed     Tunde Akanbi     Ado Bayero     Sebastine Obasi     Ethical College     Deji Ajani     Ajia-Bako     Mohammed Yahaya Barki     Local Government Pension Board     Oniwasi Agbaye     Yusuf Ibitokun Sherifat     Laolu Saraki     Hydro-electric Power Producing Areas Development Commission     Barakat Community Secondary School     Aishat Sulu-Gambari     Sadiq Umar     Illyasu Abdullahi    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Rueben Parejo     Sabo-Oke     Ali Ahmad     Agbarigidoma     Ola Falade     Muhammed Danjuma     Abdulraheem Olesin     Ekweremadu     Eghe Igbinehin     Abdulwahab Ololele     Kwara Basketball Association     Florence Saraki     Maigidasanma     Rihanat Ajia     Kazeem Gbolagade     07039448763     Sabi     Olaiya Lawal     Yakub Ali-Agan     Bature Bello     Babajide Ajayi     Facemasks     Aliyu Kora-Sabi     Bamidele Aluko     EFCC     Harmony Holdings     Afolabi-Oshatimehin Adenike Harriet     Joseph Alex Offorjama     Chief Imam Of Omu-Aran     National Information Technology Development Agency     Omar Gambari     Isaac Gbenle     Nigeria Customs Service     Kehinde Baale     Yusuf Lanre Badmus     Samuel Olusegun Adedayo     Tayo Alao     Nurudeen Muhammed     Kamaldeen Ajibade     Ijagbo     Olatunde Jare     Emir Of Shonga     Yakubu Dogara     Mike Omotosho     Oluranti Idowu     Bursary     Salihu Ajia     Onilupeju Of Ilupeju     COVID     General Hospital     Moshood Kashimawo Abiola     ASKOMP     Academic Staff Union Of Universities     Yusuf Abdulwahab     Muhammed Mahe Abdulkadir     Muhammad Yahya     Abdullahi Dasilva Yussuf     Vasolar Consortium     Garuba Alikinla Shittu     Salihu Alhaji Musa     Ita-Nmo Market     KWSUED     Sulyman Tejidini     Titus Suberu-Ajibola     Sarah Alade     Haashim Initiative For Community Advancement     Abubakar Kawu Baraje     Oke-Ogun     Special Agro-industrial Processing Zone     National Broadcasting Commission     Fatai Olodo     Ahmad Lawan     Tafida Of Ilorin     Oba Abu     Centre For Peace And Strategic Studies     Abegunde Goke     Fola Consultant