The Federal Government has announced the suspension of the planned deduction of 40 per cent from the Internally Generated Revenue (IGR) of federal universities.
The Minister of Education, Tahir Mamman, who represented President Bola Ahmed Tinubu at the 75th Anniversary and 2023 Convocation Ceremonies of the University of Ibadan, Ibadan, the Oyo State capital, held at the International Conference Centre, disclosed that the Ministry of Finance has been directed to ensure that the policy does not come into effect. Tinubu reiterated the commitment of his administration to the education sector in line with the 2030 education agenda of the government and African Union goal 2063. He said: “We know that this law was enacted in 2020 and the circular was issued in 2021, but this is not a good time for such a polic