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.

Kwara State Council Of Chiefs     Omotoso Musa     Oko     Saliu Oluwole     Oloruntoyosi Thomas     Benin Republic     Sheikh Hamzat Yusuf Ariyibi     Hijab     AbdulHamid Adi     Senior Staff Union Of Colleges Of Education     Tafida Of Ilorin     Fatima Abolore Jimoh     NITDA     Taiwo Joseph     Abdulraheem Yusuf     Esuwoye     Oju Ekun Sarumi     Shonga     Abdulmajeed Abdullahi     Kulende-UITH     Jimoh Olusola Imam     Umar Ahmed Gunu     Yemi Osinbajo     Shuaib Abdulkadir     Muyiwa Oladipo Kanu     Zulkifli Ibraheem     Sulyman Age AbdulKareem     Aiyedun     YAKOOYO     Muhammad Mustapha Suleiman     Alfa Yahaya Road     Muftau Akanbi Oke     Oluwatoyin Lukman     Taofik Abdulkareem Babaita     Bisi Kristien     Hassan Abdulazeez Elewu     Fatai Garuba Labaka     Ayotunde Emmanuel Alao     Moshood Mustapha     Computer Based Test     Baruten     Babata     Ajikobi     Yusuf Badmus     Wale Oladepo     Wahab Isa     Ile Arugbo     Opolo Global Innovation Limited     Bola Shagaya     JAAC     Gbenga Adebayo     Kwara State Television     Kabir Shagaya     Harrison Osauwagboe     Modibbo Kawu     Jeunkunu-Malete-Bani     Simeon Sule Ajibola     LAK Jimoh     Funmilayo Oniwa     Kayode Alabi     Monthly Sanitation     Pakata Patriots     Folashade Omoniyi     Rasheed Jimoh     Hamid Bobboyi     Awodun     Ijagbo Health Centre     Justina Oha     Dumagi     Mahfouz Adedimeji     NTA Ilorin     Abegunde Goke     IYA ALFA NLA     Yashikira     New Nigeria People’s Party     Kuliyan Geri     Mohammed Jimoh Faworaja    

Cloud Tag: What's trending

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

Isau     Ajeigbe     Olajumoke Monsura Gafar     Jaigbade Alao     Niyi Osundare     Mohammed Saidu     Abdullahi Biffo     Femi Oladiji     Mohammed Katsina Ahmed     Shaykh Luqman Jimoh     Ishola Abdullahi     Folajimi Aleshinloye     Javed Khan     JUSUN     Yusuf Olaolu Ali     Senior Special Assistant On Student Affairs     Malete     Yakubu Mohammed Abdullahi     Gafaru Olayiwola Olorisade     ER-KANG Mining Nigeria Company Limited     Seun Bolaji     Sheikh Alimi     Chief Imam Of Offa     Elerin Of Adanla Irese     KwaraLearn     ENetSuD     Emir Of Kano     Nigerian Medical Association     Olumide Daniel Ibitoye     Abdulkadir Bolakale Sakariyah     Hakeem Idris     Mohammed Halidu     A.E. Afolabi     Kwara 2015     NULGE     Ibraheem Adeola Katibi     Ejidongari     General Hospital     Hijaab     Quareeb     Women Radio     Neo Mundo Ltd     Ilorin Likeminds Foundation     Ope Saraki     Mike Omotosho     Usman Rifun     Salman Jawondo     Kola Bukoye     Atiku     Bello Taoheed Abubakar     Shuaib Jawondo     Saudat Abdulbaqi     Tsado Manman     Hijab     Muhammed Mahe Abdulkadir     Budo Egba     Vishvas KOZ Tractors     Obuh     Susan Modupe Oluwole     Imam Gambari     Segun Abifarin     Jebba     Valsolar     Issa Oloruntogun     Maryam A. Garuba     Law School Scholarship     Orisa Bridge     Dele Belgore     Abubakar Baba     Aisha Abodunrin Ibrahim     Rasaq Jimoh     Oke-Ogun     Tunji Ajanaku     Gaa Olobi     Ekweremadu     Islamic Development Bank     Sulyman Abdulkareem