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.

IYA ALFA NLA     Just Event Online     Yahaya A Paniyaro     Sarkin Malamai     Igosun     Saka Abimbola Isau     Moshood Mustapha     Ayegbeni     Amos Sayo     Kwara State Television (KWTV)     Kwara Muslim Pilgrims Welfare Board     IQRA College     Muhammed Mahe Abdulkadir     Florence Saraki     Timothy Akangbe     Offa Grammer School     Abdulrazaq Aiyelabegan     Saka Isau     Yunus Lawal     Sunday Popo-Ola     Kwara Consultative Forum     Abdulmumin Yinka Ajia     Akande Idowu Ayoola Muhammed     Mashood Abdulrafiu Agboola     National Pilot     Hamza Usman     Sabi     Idris Amosa Saidu     Seun Bolaji     Ghali Muhammed     Kayode Ishola     Iqra Books     Abubakar Abdullahi Bata     Ilorin Amusement Park     REO CAKES     Saraki     Gbenga Awoyale     Jimoh Saadudeen Muhammed     Tsaragi     Suleiman Mora Omar     Gaa Olobi     Adekunle David Dunmade     Rex Olawoye     Budo Egba     Olabode Towoju     Federal Polytechnic Offa     Muhammad Toyin Sanusi     Alaaya     Adolescent Girls Initiative For Learning And Empowerment     Sabo-Oke     Yusuf Babatunde Abdulwahab     Lanre Olosunde     Smart School     Abdulwahab Oba     Alfa Yahaya Road     Sarah Jubril     Pakata Patriots     GAMA     Olosi Of Osi     Olokoba Abdullahi Ayinla     Arinola Lawal     Aliyu Olatunji Ajanaku     Saka Aleshinloye     Ilorin South Constituency     Muazam Nayaya     Share-Tsaragi     Abdulazeez Arowona     Apata Ajele Secondary School     IYA YUSUF     Yakubu Dogara     KW-GIS     Guber Aspirant     Bankole Omisore     Ahmad Olanrewaju Belgore     Fulani     SARS     Salihu Ajibola Ajia    

Cloud Tag: What's trending

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

Rotimi Atere     Apata Ajele Secondary School     AGM Professional Services     Paul Olawoore     Muftau Akanbi Oke     Budo Egba     Muyideen Ajani Bello     Aishat Mohammed Lawal     Adeola Abraham     Garba Idris Ajia     Shehu Jimoh     GRA     Muslim Cementary     Aminu Ado Bayero     Katibi Ibraheem Adeola     Olaoye B. Felix     NNPP     Yekini Adio     Ghali Alaaya     Lateef Ademola Olatunji     Dan-Kazeem     National Information Technology Development Agency     Kamaldeen Ajibade     Government High School (GHS), Adeta     Omar Gambari     Busari Alabi Alausa     Ishola Abdullahi     Jimba Babatunde     Laboratory-to-Product     Ahmed Mohammed Rifun     Ilota     KWACOBPA     Adebayo Salami     Firdaos Amasa     Olayinka Jelili Yusuf     Amos Bajeh     JAMB     Ilorin Emirate Stakeholders Forum     Ridwan Agboola     Olufolake Abdulrazaq     Saad Omo Iya     Niyi Osundare     Musa Aibinu     Bayo Onimago     IESA     Muritala Awodun     Kolawole Akande     Hamid Bobboyi     Michael Ologundea     Sobi Hill     TIC     Muyiwa Oladipo Kanu     Royal FM     Kwasu     Ojo Fadumila     Yusuf Lanre Badmas     Owo Arugbo     Razaq Atunwa     Aishat Sulu-Gambari     Ishaq Oloyede     Kazeem Adekanye     Revenue Court     Garment Factory     Tsaragi     Yetunde Balogun     Tayo Alao     Yusuf Lanre Badmus     Segun Adeniyi     Olawuyi     Saba Jibril     Moronfoye     Abubakar Kawu Baraje     Isiaka Saka Opobiyi     Abubakar Olusola Saraki     Surajudeen Akanbi     Ayekale     Ayobami Seriki