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.

Seun Bolaji     Henry Olaosebikan     UNIFEMGA     Abdulraheem Olesin     Idowu Laro     Olabanji Orilonishe     Pategi     Obasanjo     Erubu     Maimunat Oniyangi     LAK Jimoh     Law School Scholarship     Association Of Kwara State Online Media Practitioners     ITEM 7     Plat Technologies Limited     Forgo Battery Company Limited     Olomu     Bureau Of Lands     Aminat Ahmed     Aisha Gobir     Gbenga Olawepo     Kola Shittu     Kola Bukoye     ANCOPPS     Special Agro-Industrial Hub     Ishola Moses Abiodun     AbdulRazaq AbduMajeed Alaro     Ilorin East     Dar-Al-Handasah Consultants     Yusuf Aiyedun     Abdulrahman Abdullahi Kayode     Hikmah AbdulKareem     V.O. Abioye     Borgu     Fola Consultant     Tunde Idiagbon Road     Computer Based Test     Amule     Zulu Gambari     Alabere     Abdulquawiy Olododo     Ibrahim Orire     Musa Alhassan Buge     Hamidat Sulyman-Yusuf     Ebola     Erubu Oba Zubair     Hakeem Idris     Shehu Alimi Foundation For Peace And Development     Aisha Buhari     Baba Isale     Park     Kazeem Oladepo     Abdulrazaq Solihudeen     New Nigeria People’s Party     Tunde Mukaila Mustapha     Ayegbeni     AbdulGaniyu Kareem     Chikanda     Mohammed Katsina Ahmed     Akeem Lawal     Ishola Balogun Fulani     Olayinka Are     Tunde Kazeem     Olumide Daniel Ibitoye     Fareedah Dankaka     Pakata     Ilesha-Gwanara     CUTI     Wahab Kunle Shittu     Olatunji Abdulmumeen     CKNG     Harmony Holdings     Abdulfatai Ahmed     Jamila Bio Ibrahim     Yakubu Gobir     Yahaya Abdulkareem     Women For Change And Development Initiative    

Cloud Tag: What's trending

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

Ladi Hassan     Bature Bello     Akume     Arca Santa     Oke Sunna     Saheed Popoola     Hijaab     Sai Kayi     Bola Sagaya     Ridhwanullah Al-Ilory     Abubakar Usman Jos     Tafida Of Kaiama     Tunji Ajanaku     Laolu Saraki     Mohammed Saidu     NYSC     Onilorin     ASUU     Simon Sayomi     Abdulrahman Iliasu     Gambari     Ibraheem Abdullateef     Gbenga Awoyale     Kamaldeen Kehinde     Apaokagi     Royal FM     Ahmad Uthman     Aliyu Muhammed     Ajibola Ademola Julius     General Tunde Idiagbon International Airport Ilorin     Fola Consultant     Ahmed \'Lateef     Baboko     Saliu Ajibola Ajia     Moji Makanjuola     Kolawole Akande     College Of Health     Elese Of Igbaja     Maryam Nurudeen     LABTOP     Jimoh Bashir     Just Event Online     Offorjama     Aminu Ado Bayero     Shonga Farm Project     Al-Hikmah University     Alabi Olayemi Abdulrazak     Falokun-Oja     Ayo Adeyemi     Oba Of Jebba     Jebba     Bareke     Muhammadu Gobir     Academic Staff Union Of Universities     Oko Erin     Ibrahim Bio     Ilorin Likeminds Foundation     Kwara State Council Of Chiefs     Awodun     Hameed Oladipupo Ali     Kwara Volleyball Association     Femi Oladiji     Y.A. Abdulkareem     Maimunat Oniyangi     Third Estate     Federal Neuro-Psychiatric Hospital     SWAN     Omoniyi M. Ayinla     Tafidan Kaiama     Azeez Bello     Woro     Isapa     Valsolar Consortium     Muhammed Akanbi     Ajike People Support Centre     Oni Adebayo     Muhammed Aliyu