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.

Raliat Islamic Foundation     Buari Edun     Tanke Road     Malete     Ilorin Like-Minds     Funmilayo Oniwa     Vasolar-Kwara Company Ltd     Binta Abubakar-Mora     Code Of Conduct     Jamila Bio Ibrahim     Rashidi Yekini     Abubakar Kawu Baraje     Abubakar Usman Jos     Umar Yakubu Jaja     Musa Aibinu     Wahab Kunle Shittu     Post Utme     Irepodun     FERMA     TESCOM 2025     Saad Belgore     Bayo Lawal     Muhammad Yahya     Aliyu U. Tilde     Funmilayo Braithwaite     Amule     Abdulrazak Shehu Akorede     Garment Factory     Benin Republic     Abdul Jimoh Mohammed     Yakub Ali-Agan     Ilesha-Gwanara     Baboko Primary School     Razaq Atunwa     Moses Salami     Asa LGEA School     Lai Gobir     Abubakar Abdullahi Bata     Bibire Ajape     Goodluck Jonathan     Col. Ibrahim Taiwo     Smart School     Sadiq Buhari     KWASEIC     Ilorin Durbar     Rotimi Oyedepo     Communication Network Support Services     Ladi Hassan     Saka Keji     Bamidele Adegoke     Oko-Olowo     Talaka Parapo     Harrison Osauwagboe     Guber Aspirant     Owo Arugbo     Maja     Unilorin     Ibrahim Abdulkadir Abikan     Abiodun Oyedepo     Abdulrazaq Adebayo     Kamaldeen Gambari     Oba Abu     SARS     Lanre Jimoh     Monkey Pox     Aishat Sulu-Gambari     Bureau Of Lands     Timothy Akangbe     Ramat Oganija     Chartered Institute Of Personnel Management Of Nigeria     Jamiu Oyawoye     Shuaibu Yaman Abdullahi     Lawal Jimoh     Michael Imoudu National Institute For Labour Studies     Emir Of Lafiagi     Kwarareports     University Road    

Cloud Tag: What's trending

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

Tsaragi/Share     Abdulrahman Abdulrazaq     Old Oyo     Galadima     Idris Amosa Saidu     Omotosho     Aasiyat Bello Oyedepo     Lai Mohammed     Ajakaye     Mansur Alfanla     Salihu Ajibola Ajia     Rafiu Olasile     Oniyangi     Salman Jawondo     Muftau Akanbi Oke     Lateef Alagbonsi     Alore     Emir Of Ilorin     PharmAccess Foundation     Jare Olatundun     Jimoh Lambe Abdulkareem     Muhammad Yahya     Haruna Tambiri Mohammed     Kwara State Television     Isau     Oyedepo     Charles Ibitoye     Abubakar Baba     Special Agro-Industrial Hub     Razaq Atunwa     Makama     Nigeria Foundation For Artificial Intelligence     Aminu Adisa Logun     Bola Tinubu     Ubandoma Of Ilorin     IYA ALFA NLA     Clara Nwachukwu     Abdulmumini Sanni Jawondo     Yahaya Abdulkareem Babaita     LEAH Charity Foundation     IQRA College     Abdulazeez Uthman     Olam Food Ingredients     Tunji Olawuyi     Agbarigidoma     Sayomi     M.Y. Abdulrahaman     Saadu Gbogbo Iwe     KWASIEC     Okala Baba     Ibrahim Orire     Michael Ologundea     Ayo Salami     Olatomiwa Williams     Sabi     Ariyo     Saka Onimago     Emir Of Lafiagi     Lateef Fagbemi     AbdulRaheem Ahmad Shayi     Peter Obi     Y.A. Abdulkareem     Fareedah Dankaka     Garment Factory     Modibbo Kawu     Kwara State Fish Farmers Association     Idris Amosa Oladipo Saidu     Taofik Abdulkareem     Umar Saro     Bolakale Ayo     Ayodele Kuburat Olaosebikan     Garba Ado Sanni     Yetunde Balogun     Dele Belgore     Alapado     Sulyman Tejidini     Benin Republic