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.

Kanu Agabi     Bilikisu Oniyangi     Kwara United     11th Galadima     Ibrahim Abikan     Olusegun Adeniyi     Ayotunde Emmanuel Alao     Mohammed Jimoh Faworaja     Alimi     Aminat Omodara     Jamiu Oyawoye     Saka Aleshinloye     Vasolar Consortium     UNIFEMGA     Ubandoma Of Ilorin     International Aviation College     KWASAA     Samuel Adaramola     Kwara North     Paul Olawoore     Ahmad Olanrewaju Belgore     Abdulrazaq Akorede     Neo Mundo Ltd     Rafiu Ajakaye     Valsolar     Odolaye Aremu     Abdulkarim Adisa     Hamidat Sulyman-Yusuf     Oko     Abubakar Kawu Baraje     Ayeyemi Sulaiman     UNILORIN Alumni     Rotimi Samuel Olujide     Federal Allocation     Lanre Jimoh     David Oyerinola Adedunmoye     NAWOJ     Aisha Ahman Pategi     Salary     Wasiu Odewale     Javed Khan     Adamu B. Yaqubu     Dagbalodo     Ishaq Salman     Olaosebikan     AbdulFatai Adeniyi Dan-Kazeem     Elese Of Igbaja     Bola Shagaya     Ibrahim Taiwo Road     Valsolar Consortium     SSUCOEN     Ohoro Of Shao     Isiaka Gold     Adesina Simon Sodiya     Sadiq Buhari     Radio SBS     Apado     Ajeigbe     Raliat Elelu-Habeeb     Tunde Saad     Taofik Abdulkareem     Tinubu     Mufutau Olatinwo     Inside Kwara     Suleiman Abubakar     Tuesday Assayomo     IHS Towers     Baruten     Samari     Ayobami Akanbi     Muhammad Sirajo Aliyu     Omotosho     Kayode Zubair     Muhammad-Mustapha Suleiman     Taofik Mustapha     Aremu Bose Deborah     NSCIA    

Cloud Tag: What's trending

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

Ilorin Talaka Parapo (ITP)     Oke-opin     Dauda Adeniran Adeshola     CKNG     Ishola Balogun Fulani     Pakata Patriots     Bursary     ANCOPPS     Yahaya Seriki Gambari     Aliyu Umar     Kwarareports     Suleiman Yahya Alapansapa     Dar-Al-Handasah Consultants Ltd     Kamoru Kadiri     Nigeria Computer Society     Sheikh Alimi     Ogidi-Oloje     Deji Ajani     Barakat Community Secondary School     IQRA College     Veterinary Teaching Hospital     Taofik Mustapha     Aliyu Muyideen     Ilorin Talaka Parapo     International Vocational Centre     Nigerian Army     New Nigeria People’s Party     Minimum Wage     Saliu Oluwole     Babs Iwarere     Isin     Oba Sulaiman Asude     Hassan Abdulazeez Elewu     Tafidan Kaiama     Aisha Ahman-Pategi     Omar Gambari     Awili Pedro     Owode Market     George Funsho Adebayo     Raliat Islamic Foundation     International Aviation College     Adeniyi Ojo     Durbar Festival     Apado     Bayo Ajia     Wahab Abayawo     Dagbalodo     Gbemisola Oguntimehin     Akeem Olatunji     Fola Consultant     Usman Rifun     Emir Of Kano     Abdul-Rasheed Na\'Allah     Women Radio     Bareke     Hauwa Nuru     Busari Toyin Isiaka     Kwara Metro Park     Musa Yeketi     Moses Adekanye     Abdul-Rahoof Bello     Revenue Court     Sodiya     Yahaya A Paniyaro     Matthew Babaoye     Special Adviser On Digital Innovation     Amina Susa\'a De Ahmed     Fulani     Olumide Daniel Ibitoye     Raji Ayodele Kamaldeen     Segun Abifarin     Saka Asiat Ayinke     Umar Yakubu Jaja     Raji AbdulRasaq     Kale Belgore     Smart School     Lanre Badmas