Tinubu cancels 40% internally generated revenues deduction from universities

The Nigeria’s President Bola Tinubu has ordered the cancellation of the automatic deduction of 40 per cent from the internally generated revenues of federal universities, adding that  the policy implementation is ill-timed.

Penpushing reports that Tinubu made the pronouncement on Friday at an ongoing 75th Founder’s Day ceremony of the University of Ibadan and pledged his commitment to the reform of the nation’s education sector as the bedrock for national development.

The President represented by the Minister of Education, Tahir Mamman in  his speech as the Visitor to the university, stressed that this was not the best time for such policy since the country universities are struggling.

Penpushing further reports that it is recalled that there had been a widespread condemnation of policy of automatic deduction of 40 per cent from the internally generated revenues of federal universities.

FOOTNOTE: You want to share story with us? You want to advertise with us? You need publicity for product, or service, or   event? Contact us on WhatsApp +2348073463653 or email [email protected]