Tinubu stops transfer of 40% of Universities IGR to FG
President Bola Tinubu
Posted by: Heal your eye
Author: Ibukun Emila
President Bola Ahmed Tinubu has suspended the payment of 40 percent of the Internally Generated Revenue (IGR) of Nigerian universities into the coffers of the federal government.
Tinubu made the announcement on Tuesday at the 75th Anniversary and 2023 Convocation ceremony of the University of Ibadan.
Tinubu, represented at the event by the Minister of Education, Prof. Tahir Mammana, said that the Ministry of Finance was involved in stopping the implementation of the circular.
“We know that this law was passed in 2020 and the circular was issued in 2021, but this is not a good time for such a policy,” he said.
Tinubu reiterated its commitment to the education sector in line with the government’s 2030 Education Agenda and the African Union’s 2063 target.
He said: “The federal government is introducing more innovations to reform the entire education sector to overhaul the curriculum at all levels, from primary to primary education, with the reintroduction of skills to deal with risks outside of school.”
The president noted that the introduction of student loans is intended to ensure that no student is left behind in their studies due to poverty.
Tinubu stated that he is aware of the problem of labor disputes in the past, hence his administration will pay attention to social issues and all factors that generate labor disputes.
- Tinubu: You have to thank God for what he has done for me
- Representative reacts to alleged call for investigation into Tinubu over fuel subsidy
- Tinubu to ministers: Get the job done or prepare to leave my office
In his speech, UI Chancellor and Emir of Sokoto, Alhaji Sa’ad Abubakar, congratulated the university on its significant achievements over the past 75 years.
He noted that the celebration also called for reflection on the university’s impact on communities, as knowledge acquired in universities must benefit communities and Nigeria through quality research.
Abubakar said public services have failed compared to what was achieved 50 years ago, adding that universities must recover to save the state of public services with quality graduates.
Earlier in his speech, the Vice-Chancellor of the University of Ibadan, Prof. Kayode Adebowale noted the contribution of the university in advocating for its graduates not to rest on their oars.
Adebowale said a total of 6,865 graduates obtained degrees in various disciplines from 17 faculties, 2,842 obtained master’s degrees, 131 postgraduate diplomas and 25 master’s degrees in philosophy.
The VC said a total of 722 graduates from various disciplines obtained Doctor of Philosophy degrees, while Professor Mayowa Owolabi obtained a Doctor of Science degree, which is an advanced Ph.D.
“The university will not relent in its pursuit of being the flagship postgraduate institution in the country,” Adebowale said.
Four Nigerians were awarded honorary doctorate degrees, including Dr. Daisy Danjuma, Dr. Abdulsamad Rabiu, Dr. Kessington Adebutu and Dr. Solomon Oladunni. (NAN)