Directive On 40% IGR Remittance To Government Is Retrogressive – NCCE

The National Commission for Colleges of Education (NCCE) has kicked against the federal government’s directive that federal colleges of Education should remit 40% of their Internally Generated Revenues (IGR) to the federal treasury.

In a statement, the Union notes with enormous reservations that there is
no basis to apply this directive to the colleges of education since revenues collected in the colleges are meagre charges meant for the discharge of specific services.

According to the statement issued by the president of the Union, Dr.Smart Olugbeko, federal colleges of Education do not generate Internally Generated Revenue ( IGR), adding that they only charge service charges for student identity cards, health clinic services, hostel maintenance, laboratory equipment, teaching practice as well as consumables.

COEASU pointed out that the aforementioned charges cover for government inefficiency as these services are not being funded by government.

COEASU also noted that the recent report by the Joint Admissions and Matriculation Board (JAMB) that Education and Agriculture courses are the least subscribed among applicants to tertiary educational institutions is not only worrisome but portends a counter-developmental trend in Nigeria education system.

The Union therefore warned that
parents will bear the consequences of the policy,as many of them will have to withdraw their children from schools
If government goes ahead to implement the policy.

It however urge the Federal Government to exclude Colleges of Education from remitting 40% of their IGR to the federal treasury.


Discover more from LN247

Subscribe to get the latest posts sent to your email.

Advertisement

Most Popular This Week

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More from Author

Advertisement

Read Now

ASUU Sounds Alarm Over TETFund’s Future Under Nigeria Tax Bill 2024

The Academic Staff Union of Universities (ASUU) has raised alarms over the potential phasing out of the Tertiary Education Trust Fund (TETFund) under the proposed Nigeria Tax Bill 2024. ASUU has called on the National Assembly to safeguard TETFund, emphasizing its critical role in maintaining accessible and...

Nigerian Teacher Named Among Top 50 Finalists for Global Teacher Prize

Mr. Kayode Adewale, a Mathematics teacher at Imagbon/Imaka Comprehensive High School in Ogun State, Nigeria, has been named among the top 50 finalists for the prestigious 2025 Global Teacher Prize. This recognition was announced in a statement on the official Global Teacher Prize website. Teaching in a semi-urban community...

National Assembly Threatens to Cut JAMB’s Allocation

The National Assembly Joint Committee on Finance has raised concerns over what it described as reckless spending and inadequate remittances by the Joint Admissions and Matriculation Board (JAMB). Lawmakers warned that the examination body might receive zero allocation for 2025 if financial practices are not improved. During a...

Discover more from LN247

Subscribe now to keep reading and get access to the full archive.

Continue reading