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.

Wahab Femi Agbaje     Toyosi Thomas     Saadu Yusuf     NITDA     Maryam A. Garuba     Salmon Babatunde Salmon     Baba Isale     Okin Biscuit     Labaeka     Rasheed Jimoh     Issa Oloruntogun     Edu     Otunba Taiwo Joseph     Idris Garuba     Shero     LAK Jimoh     Aisha Abodunrin Ibrahim     Ayekale     Tunji Oyawoye     Iliasu     Revenue Court     Royal FM     Matthew Okedare     Baba Idris     Saadu Gbogbo Iwe     Mumeen Lah     Isiaka Oniwa     Suleiman Rotimi Iliasu     Isaac Gbenle     Twitter     Fatai Garuba Labaka     Gurei     ER-KANG Mining     Zainab Abass     Www.Kwarareports.com     Yakubu Danladi     Convocation Ceremonies     Maigidasanma     Wahab Abayawo     Kwara South     Mohammed Kamaludeen     Yunus Oniboki     Magaji Erubu     AbdulRasaq Abdulmajeed Alaro     Abdulquawiy Olododo     Kamoru Kadiri     Ganmo Power Sub-Station     Special Agro-industrial Processing Zone     Yusuf Abubakar     National Union Of Road Transport Workers     Muslimah Entrepreneurship Forum     Sobi Hill     Borgu     Sardauna     Ita-Ore     Bola Olukoju     Ishaq Abdulkarim     Monsurat Omotosho     Lithium Deposit     Gani Saadu     Kwara Restoration Project     Adaramaja     Kwara Politics     Valsolar Consultoria     Tuesday Assayomo     Adebara     IYA YUSUF     Adisa Logun     ANCOPPS     Yusuf Amuda Aluko     Kamaldeen Gambari     Galadiman Ngeri     Yusuf Badmus     Bisi Oyeleke     NNPP     Minister     Raliat AbdulRazaq    

Cloud Tag: What's trending

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

Alikinla     Olatunji Ayeni     Nigerian Supreme Council For Islamic Affairs     Mazars Consulting     Hauwa Nuru     Mustapha Akanbi     Majlis For Sadaqah, Zakat And Waqf     Sarkin Malamai     Arca Santa     Abdulazeez Arowona     Yusuf Amuda Aluko     Apaokagi     International Vocational Centre     Kwara Basketball Association     Shoprite     Mansur Alfanla     KWASEIC     ENetSuD     Laolu Saraki     Oyedepo     Standard Organization Of Nigeria     Abdulfatai Ahmed     Sheriff Shagaya     Idris Amosa Oladipo Saidu     Elerinjare     Owo Arugbo     Sulaiman Gado     JSSCE     Orire     Olokoba     Micheal Imodu-Ganmo Road     CLAY POT     Abdulrauf Aliyu     Kwara State Fish Farmers Association     Asiwaju Bola Tinubu     Gbemisola Oguntimehin     Ibrahim Orire     Tayo Awodiji     Kwasu     Senate     Amusement Park     Moses Afolayan     Labaeka     Abdullahi Imam Abdullahi     Akande Idowu Ayoola Muhammed     Arandun     Akeem Lawal     Oke-Odo     Iyabo Dupe Adekeye     Iyabo Adewuyi     Kwara State Printing And Publishing Corporation     Al-Adaby     Sardauna Of Ilorin     Oba Abdulrahim     Tunde Kazeem     Vasolar Consultoria     Bamidele Adegoke Oladimeji     Yusuf Lawal     Ado Ibrahim     Ella Supreme Tissue Paper     Mahee Abdulkadir     Waheed Ibrahim     Jumoke Gafar     Abubakar Abdullahi Bata     Gbemi Saraki     Gwanara     Mary Kemi Adeosun     Unicontinental Construction Company     Bello Oyedepo     Ajibola Saliu Ajia     Taiwo Joseph     Abdulraufu Mustapha     Voices Of Tomorrow     GANZY     Lateef Alagbonsi     Soffiyyallah Kamaldeen     Mohammed Haruna