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.

Bond     SARS     Omotosho     Aliyu U. Tilde     Najim Yaasin     Valsolar Consortium     A.E. Afolabi     Ilorin Talaka Parapo     Harafat E. Mukadam     Rihanat Ajia     Ibrahim Mohammed     Buari Edun     Kwabes     Olayinka Olaogun     KWSUED     Aliyu Alhassan     Moshood Mustapha     Oasis Muslim Care Foundation     Quran     3MTT     Kwara University Of Education     KFA     Abikan     Mohammed Tunde-Jimoh     CACOVID     Abdulrahman Iliasu     Garba Idris Ajia     Okoolowo     Solomon Edoja     Adewuyi Funmilayo     Yusuf Lanre Badmus     Nnazua     Matthew Babaoye     ASMAU PLAZA     Christopher Ayeni     Ilesha-Gwanara     Saheed Popoola     Ado Ibrahim     Aasiyat Bello Oyedepo     Mohammed Saidu     NFAI     Abdulmajeed Wahab     Olomu Of Omu-Aran     Code Of Conduct Bureau     Salake     Radio Kwara     Ilesha Gwanara Road     Hikmah AbdulKareem     Split Diamond Interchange     Isiaka Danmeromu     Abdulwahab Oba     Saadatu Modibbo-Kawu     SAPZ Project     Kemi Adeosun     Yemi Sanni     Majlis For Sadaqah, Zakat And Waqf     Salmon Babatunde Salmon     Albert Ogunsola     Undergraduate Bursary     Dorcas Afeniforo     Sa\'ad Alanamu     Abdulfatah Ahmed     Doyin Agbamu     Ajasse-Ipo     Olaiya Victor Mobolaji     NIRSAL     Siraj Oyewale     Oladipo Akanmu Tolani     Saliu Alamoyo     Moses Afolayan     David Oyerinola Adedunmoye     Saliu Shola Taofeek     Kpotum Mohammed Baba     Aminu Adisa Logun     Jamila Bio Ibrahim     Kwara Basketball Association     Alagbado    

Cloud Tag: What's trending

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

Neo Mundo Ltd     Shao     Oke-opin     Timothy Olatunde Fadipe     James Kolo     Ibrahim Issa Jetti     Ajidagba     UNILORIN Alumni Association     AbdulGaniyu Kareem     Ejidongari     Aisha Gobir     Chief Imam Of Ilorin     Offa Descendants Union     Simeon Sayomi     Toyin Saraki     Mohammed Ghali Alaaya     IDPU     John Mayokun Dada     AIT Ilorin     Awili Pedro     Maigida Soludero Transit     Esuwoye     Elekoyangan     Olajumoke Monsura Gafar     Ilorin Anchor Men And Women     Kehinde Boyede     Communication Network Support Services     Suleiman Yahya Alapansapa     Logun     Dan-Kazeem     Sobi Hill     Femi Ogunsola     Isiaka Danmeromu     Abdulrasheed Akogun     Yusuf Lanre Badmas     General Tunde Idiagbon International Airport     Ahmed Shuaib Buranga     Jani Ibrahim     Maigidasanma     Countryside Emerging Leaders Fellowship     Oniwasi Agbaye     Kwara-SAPZ Project     Akom Construction And Engineering Synergy Ltd     Umar Adelodun     Baba Issa Awoye     Mutawali     Binta Abubakar Mora     Kwara State Council Of Chiefs     Kayode Yusuf     Student Learning Support Helpline     Saad Belgore     Saheed Popoola     Ishaq Abdulkarim     Kumbi Titilope     First Lady     Abdulrahman Abdullahi Kayode     Kwara Politics     Salman Jawondo     Elections     Asa     Taofik Abdulkareem Babaita     Ilesha Gwanara Road     Fatai Garuba Labaka     Onilupeju Of Ilupeju     Mohammed Danjuma     National Party Of Nigeria     Arinola Fatimoh Lawal     Isiaka Gold     Owo Arugbo     Elewu     Post Utme     Yusuf Abubakar     David Oyepinola Adedumoye     Yakubu Mohammed Abdullahi     Musa Alhassan Buge     Nigeria Association Of Women Journalists     Kolawole Akande