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.

Valsolar     Elewu     Mahmud Durosinlohun Atiku     Yomi Adeboye     Ilorin West     Federal Polytechnic Offa     Mohammed Halidu     Idowu Laro     Wahab Issa     Afolabi-Oshatimehin Adenike Harriet     HICA     Shuaib Olarongbe     Sabi     Nnazua     SDP     Emir Of Kano     Saheed Akinwumi     Kulende-UITH     Bond     Alaiye     AbdulRasaq Abdulmajeed Alaro     Bursary     AbdulRazaq Jiddah     Afolayan     Chikanda     Kunbi Titiloye     Adam Abdullahi Al-Ilory     Marafan Shonga     Na\'Allah     Kwara State Polytechnic     Rihanat Ajia     Gobirawa     Funmilayo Braithwaite     Vasolar-Kwara Company Ltd     Mutawali     Olomu Of Omu-Aran     Esinniobiwa Quareeb     Abdul-Rasheed Na\'Allah     Aliyu U. Tilde     Elerinjare-Ibobo     Lanre Aremu     Yusuf Amuda Gobir     Ilorin Water Reticulation     Simon Sayomi     Wasiu Odewale     Ibraheem Adeola Katibi     Ilorin Like-Minds     Dapo Teni Nig Enterprise     Bamidele Adegoke     Isiaka AbdulRazaq     Budo Egba     Seni Saraki     Special Agro-Industrial Hub     Council Of The Wise     Segun Abifarin     Towobola Abdulrahman Toyin     Ayinke Saka     Doyin Group     Vasolar Consortium     Muhammed Taofeeq Abdulrazaq     Suleiman Rotimi Iliasu     Ike Ekweremadu     Idi-Ape     Kunle Akogun     Iyabo Dupe Adekeye     Raimi Iyanda     Maryam Ado Bayero     Basic Education Certificate Examination     KWSIEC     Valsolar-Kwara Company Limited     Adedeji Onimago     Yahaya Jibril Usman     Yakub Lai Gobir     Just Event Online     Ashiru     Senior Ibrahim Suleiman     Sam Onile    

Cloud Tag: What's trending

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

Sunday Fagbemi     Aliyu Muyideen     Olaiya Victor Mobolaji     Saad Omo Iya     ARMTI     Simeon Ajibola     Ahmad Belgore     Grillo     Abatemi Usman     Ojuekun     Otuka     Tsaragi/Share     Oye Tinuoye     Kwara North     Aishatu Ahmed Gobir     Khairat Gwadabe     Eghe Igbinehi     Akom Construction And Engineering Synergy Ltd     Oke-Ero     Oba Sulaiman Asude     Amusement Park     Funmilayo Oniwa     Saka Balikis Kehinde     Niguel Gallando Marcias     IsDB     Ilorin Curfew     Shonga     Muhammadu Buhari     Valsolar-Kwara Company Limited     Saidu Kawu     Aisha Gobir     GRA     Sherif Shagaya     Kunbi Titiloye     Baakini     Yakubu Danladi     John Obuh     Daud Adeshola     Kisira     Titus Ashaolu     Yusuf Olaolu Ali     Ibrahim Abdulqadir Abikan     Yusuf A. Usman     Abdullahi Atanda     Radio Kwara     Okin Biscuit     Yekeen Alabi     Ibrahim Abikan     Samuel Adedoyin     Opolo Global Innovation Limited     UNILORIN Alumni Association     Theophilus Oyebiyi     Oba Abdulkadir La\'aro     Ita-Ore     Awodun     Joshua Adeyemi Adimula     Issa Baba     Oniwasi Agbaye     Chief Imam Of Offa     Salman Suleiman     SGBN     Shero     Gbemisola Saraki     NNPP     Funmilayo Braithwaite     Hassan Taiye Salam     Radio SBS     AbdulQowiy Olododo     Issa Memunat Moyosore     Clement Yomi Adeboye     Fatai Garuba Labaka     Esuwoye     Emir Of Shonga     Olatunji Bamgbola     Saheed Popoola     Omoniyi     Yekini Adio