16 February 2017

Nigeria: Senate Tasks Tertiary Institutions to Increase IGR

Indications of imminent and possible increment in tuition fees in Nigerian universities, polytechnics and other higher institutions of learning have appeared following a matching order by the Senate to the higher institutions to immediately increase their internal generated revenues.

The Senate insisted that academic institutions must begin to look inward with a view to generating more revenues to augment federal government allocations, stressing that government alone cannot adequately fund education.

Chairman, Senate Committee on Tertiary Education and TETFUND, Jibril Barau, who handed down the position of the Red Chamber, Thursday, during the 2017 budget defence session his committee had with heads of federal colleges of education, challenged tertiary institutions across the country to develop mechanism to generate funds as internal revenues instead of depending on government handouts.

Senator Barau, who frowned at poor internally generated revenues of colleges of education in the 2016, said if such development persists, the nation's colleges of education may find academic environment hard to operate.

He further explained that internally generated revenues would augment federal allocations, stressing that government alone cannot adequately fund education.

Hear him :"I want to challenge all of you here especially Colleges of Education to look inwards to generate funds to augment government allocations, in this way, it will enhance academic activities", Barau noted.

"We cannot continue to see Colleges of education or Tertiary Institutions performing poorly in their internally generated revenues.'

But he suggested that higher institutions can generate revenues through Commercialization of their patent in research findings and create endowment funds through setting up of consultancy services.

He, however, cautioned that the revenues generation should not overburden their students.

In his presentation earlier, Executive Secretary of the National Commission for Colleges of Education, Bappa Aliu Muhammadu, explained that poor funding was hampering the activities of colleges of education.

He explained that activities of the Commission has been on the increase, noting that the current budgetary provision was no longer sustainable.


Buhari Signs 2018 Budget

President Muhammadu Buhari has signed the 2018 appropriation bill containing the year's federal spending details as… Read more »

See What Everyone is Watching

Copyright © 2017 Vanguard. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.