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.

Elerinjare-Ibobo     Ijakadi     Afeyin-Olukuta     Hakeem Idris     Yahaya Oloriegbe     Okedare     Bareke     CACOVID Palliatives     Orisun Igbomina     Amusement Park     Aso-ofi     Ilorin Anchor Men And Women     Ramadan     Abdulbaqi Jimoh     Democracy Day     Azeez Salawu     Oye Tinuoye     Isin     AbdulFatai Adeniyi Dan-Kazeem     Salman Alada     Omotoso     Tanke     JSSCE     Garuba Alikinla Shittu     Hajj     Isa Aremu     Yusuf Amuda Gobir     Al-Adaby     Patience Jonathan     Abdulfatai Baakini     Baruten     Rihanat Ajia     Mopelola Abdulmaliq-Bashir     QuickWin     Ekweremadu     Naira Redesign     Nurudeen Mohammed     Nigeria Association Of Women Journalists     Kwara State Branch Of The National Library     Bola Ahmed Tinubu     Abdulkareem Alabi     Shehu Raheem Adaramaja     Ilorin Airport     Oko     Kanu Agabi     GAMA     Agor     IQRA College     Kamaldeen Ajibade     Rapheal Ashaolu     Joseph Bamigboye     Ahmad Lawan     Arinola Lawal     Alaro     Iyabo Dupe Adekeye     Balikis Jawondo     Moji Makanjuola     Farouk Salim     Umar Saro     Sun Qing Rong     Elerin Of Erin-Ile     TESCOM 2025     Bayer AG     Kwara Poly     Freshvine Nigeria Limited     Shola Odetundun     Earlyon Technologies     Raliat Elelu-Habeeb     Olota Of Odo-Owa     Muideen Olaniyi Alalade     Simon Sayomi     Iyabo Adewuyi     Mary Arinde     Dankaka     Kwara NIPR     Musa Ayinla Yeketi     Abdulrazaq Aiyelabegan    

Cloud Tag: What's trending

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

Tsado Manman     Congress For National Consensus     Crystal Corner Shops     Agbarigidoma     New Model Police Station     Ajayi Okasanmi     Umar Yakubu Jaja     Yakubu Danladi     AGF Abdulrazaq     Kwara State Polytechnic     Elewu     Olomu     Mohammed Lawal Bagega     Farouk Salim     GRA     Kolawole Bashirat     Patigi Regatta     Lasiele Alabi Yahaya     Abdullahi Samari     Tafida Of Ilorin     Monkey Pox     James Kolo     College Of Arabic And Islamic Legal Studies     Olayinka Are     Overland     Owo Isowo     Emir Of Kano     Tafidan Kaiama     Muslimah Entrepreneurship Forum     Shettima Of Ilorin     Awwal Jawondo     Raliat Islamic Foundation     Abdulsalam Firdaous Amosa     Kwara 2019     ER-KANG Mining     Aishat Sulu-Gambari     Sayomi     Jawondo     Ibrahim Abiodun     Asiwaju Bola Tinubu     N-Power     Tescom.kwarastate.gov.ng     Emir Of Lafiagi     Abdullahi Dasilva Yussuf     Ahman Pategi     Adebayo Mohammed Kamaldeen     Sheikh Hamzat Yusuf Ariyibi     Ibrahim Taiwo     Kwara Politics     Suleiman Yahya Alapansapa     Mopelola Abdulmaliq-Bashir     Wasiu Onidugbe     Binta Sulyman     NIPOGA     Boko Haram     Emir Of Ilorin     Lukman Adeloyin     Mahmud Babatunde Baker     Hijab     Rex Olawoye     Abdulrazaq Solihudeen     Agbarere     Eleyele     Isiaka Saka Opobiyi     Rapheal Ashaolu     Afetu Of Alabe     Ishola Abdullahi     Sa\'adu Salahu     Magaji Nda     Ogbondoroko     AbdulRahman Saad     Muhammadu Buhari     Khadijat Ayoola Yusuf     Village Alive Development Association     Tinubu Legacy Forum     IHS     KWSIEC