In continued policy somersaults that have come to characterize his administration, President Bola Tinubu has announced the cancellation of the automatic deduction of 40 per cent from federal universities’ Internally Generated Revenue (IGR). The Minister of Education, Tahir Mamman, conveyed the president’s decision during his speech at the 75th Founder’s Day ceremony of the University of Ibadan (UI) on Friday, November 17. In October, the Ministry of Finance notified academic institutions nationwide of its plan to automatically deduct 40 per cent from their IGR. The move was widely condemned, especially…
Read MoreTinubu Makes U-Turn On 40% IGR Deduction From Varsities
