Royal Times of Nigeria.
  • News
    • Politics
    • World
  • Opinions
    • Editorial Opinion
    • Advertorial
  • Metro
  • Lifestyle
  • Foreign
  • Sports
  • Editorial Policy
TRENDING
Sports Ministry To Organise National Cross Country Championships...
Tems Meets Beyoncé, Jay-Z At Pre-Grammy Event
East African Leaders Demand Ceasefire Between Congo, Rwanda
Royal Fm Founder, Kwara Speaker Celebrates Governor AbdulRazaq...
Police Arrest Suspected Bandits’ Informant, Food Supplier In...
ASUU President Says Wrong Funding Template Cause Of...
Peter Obi Urges Nigerians To Bear With Federal...
Court convicts, sentences two ex-SARS officers for Extra-Judicial Killing
Unilorin to explore electric bus, rail system against...
We’re not on ‘witch-hunt’ mission, lawmaker tells INTERPOL 
Police Boss orders arrest, prosecution of naira notes...
Allow new, old naira co-exist, APC govs urge...
President Muhammadu Buhari begs Nigerians for seven days...
2023 AFCON Qualifiers: CAF approves, Abuja, Uyo Stadium...
US tracks suspected surveillance device

Royal Times of Nigeria.

Banner
  • News
    • Politics
    • World
  • Opinions
    • Editorial Opinion
    • Advertorial
  • Metro
  • Lifestyle
  • Foreign
  • Sports
  • Editorial Policy

Kwara disburses N430m to Tertiary Institutions asSubventions

written by Olarotimi Oshin August 7, 2016

Kwara State government says it has so fardisbursed the sum of N430, 388,

359.24 as subventions to seven of the

State-owned tertiary institutions in

2016, noting that an outstanding balance of

N86, 996,421.7 will be released

this month.

The institutions 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.

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 wastages in the system.

Alhaji Banu said that after the review, it

became obvious to the government

that the internal revenues generated by

some of these institutions were

enough to meet their financial obligations.

He asserted that this necessitated the need

for the State government to cut

or stop the annual subventions that were

hitherto being collected by the

institutions.

Alhaji Banu added that government had

stopped subventions to Kwara State

Polytechnic and the Kwara State College of

Health Technology, Offa as their

IGR is enough to guarantee smooth running

of the schools.

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 utilization

of financial resources in order to make their

institutions gain some degree

of financial autonomy.

Join our twitter community :

Follow @royaltimesng
0 comment
0
Facebook Twitter Google + Pinterest
Olarotimi Oshin

previous post
next post
NDLEA parades five in Ilorin for possessing arms, seeks for assistance

Leave a Comment Cancel Reply

Facebook

Editorial Opinion

  • 1

    2023 Elections: “Data Boys”, Need for Caution

    August 9, 2022
  • 2

    PARENTS CHARGED TO IMMUNIZE THEIR CHILDREN AGAINST DEADLY ROTAVIRUS

    August 27, 2022
  • Tems Meets Beyoncé, Jay-Z At Pre-Grammy Event

    February 5, 2023
  • Burna Boy to Release Mini Documentary for Single titled “Whiskey”

    December 7, 2022
  • Ruger releases long awaited song

    November 15, 2022
  • Vice President Osinbajo Dances, Sings Kizz Daniel’s ‘Buga’ At World Tourism Conference

    November 15, 2022
  • Davido Postpones Atlanta Festival Till 2023

    November 10, 2022
  • Sports Ministry To Organise National Cross Country Championships In Jos

    February 5, 2023
  • 2023 AFCON Qualifiers: CAF approves, Abuja, Uyo Stadium for Super Eagles

    February 3, 2023
  • Nigerian Billionaire Set To Acquire Sheffield Utd In A £90m Deal

    February 3, 2023
  • Anthony Joshua Expresses Interest To Face Wilder, Fury  

    February 1, 2023
  • Chelsea Reportedly Accept Arsenal Bid For Jorginho

    January 31, 2023
  • Facebook
  • Twitter
  • News
    • Politics
    • World
  • Opinions
    • Editorial Opinion
    • Advertorial
  • Metro
  • Lifestyle
  • Foreign
  • Sports
  • Editorial Policy

@2017 -Royaltimes of Nigeria. All Right Reserved.

Posting....