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.

Olatunji Bamgbola     Alliance For Democracy     Bond     Bankole Omisore     Abdulrahman Abdulrazaq     Adebara     Rafiu Ajakaye     Yusuf Amuda Aluko     Orire     Quranic Recitation Competition     Yusuf Abdulkadir     Kolade Solagberu     Yusuf Babatunde Abdulwahab     Kunbi Titiloye     Tunji Arosanyin     Egbewole     Yemi Sanni     Unilorin     Zulkifli Ibraheem     Kamaldeen Ajibade     20 Billion Bond     Olatunji Ibrahim     Ayo Salami     Samuel Elizabeth Keatswa     Quarry Royal Valley     March 28     Isau     Emmanuel Bello     Aisha Ahman-Pategi     Sarakite     Osuwa     Oniwa     Hassan Saliu     CCB     Erin-ile     Kwara State Television (KWTV)     Ojuekun     Abdulganiyu Oladosu     Oluranti Idowu     Al-Adaby     Abubakar Baba     Sidikat Akaje     Senior Special Assistant On Student Affairs     Hassan A. Saliu     NAWOJ     Salman Jawondo     Saheed Akinwumi     Aminat Ahmed     Dele Momodu     Millennium Development Goals     Raji Ayodele Kamaldeen     Razaq Ayobami Akanbi     Saka Keji     Jare Olatundun     Babatunde Idiagbon     Ahmed Shuaib Buranga     Alfa Modibbo Belgore     Modupe Oluwole     Timothy Akangbe     Adewuyi Funmilayo     Mohammed Katsina Ahmed     Suraj Tunji Oyewale     David Oyerinola Adedunmoye     Isiaka Rafiu Mope     Marufat Oladosu     Biliaminu Aliu     Moji Makanjuola     Moshood Kashimawo Abiola     Aisha Gobir     Albert Ogunsola     Ilorin Central Mosque     Madawaki     SUBEB     Oyelere Oyinloye     Oye Tinuoye     Abubakar Lah     Abdullahi Adisa Akodudu    

Cloud Tag: What's trending

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

Sunday Fagbemi     Ilorin Water Reticulation     Elerin Of Adanla     Mahmud Durosinlohun Atiku     Ishola Balogun Fulani     Saliu Shola Taofeek     Tunde Kazeem     Mujtabah Bature     Lithium     Ilorin West/Asa Federal Constituency     John Obuh     ITEM 7     Peter Amogbonjaye     Yahaya Jibril Usman     Budo Egba     Ilorin Anchor Men And Women     Funke Adedoyin     Mukhtar Shagaya     Ilorin Airport     Okedare     Local Government Pension Board     Umaru Saro     Aliyu Umar     Lafiagi     Sanitation Exercise     Olabode George Towoju     Aro Yahaya     Nigerian Supreme Council For Islamic Affairs     Press Release     Suraj Tunji Oyewale     Olupako Of Share     Kazeem Adekanye     Ishaq Oloyede     Dasuki Belgore     Sherif Sagaya     Agbarere     Olatunji Ibrahim     JAAC     Gobir Organization Foundation     Salihu Yahaya     KWAFFA     MalHub     Tsaragi     Bisi Oyeleke     Idi-Ape     Sobi Hill     Abdulrosheed Okiki     Maigida     Unilorin     Aliyu Muyideen     Saadu Gbogbo Iwe     Kayode Ogunlowo     Saidu Kawu     Odolaye Aremu     UNIFEMGA     LABTOP     Modupe Oluwole     Christopher Tunji Ayeni     Saka Adeyemo     Anilelerin     Al-Hikmah University     Undergraduate Bursary     Fulani     Buari Edun     Kawu     Abubakar Ndakene     Ariyo     Ebun-Olu Adegboruwa     Aremu Odolaye     NIPR     School Of Nursing     Saka Isau     Isiaka Saka Opobiyi     Alabere     Awili Pedro     Ayedun     Bola Sagaya