Senior Staff Union in Colleges of Education, Nigeria (SSUCOEN), has commended President Bola Ahmed Tinubu, for the cancellation of the policy to deduct forty (40) percent from internally generated revenue of tertiary institutions into the national treasury.
SSUCOEN said it appreciates the President for listening to reason and concerns raised about the gradual damage the 40% deduction would have done to the already struggling Tertiary Education sub-sector due to paucity of funds.
Contained in a statement signed by its National President, Comrade Danladi Ali Msheliza, while applauding President Tinubu, urges him to order a revisit to the various past agreements aimed at improving the quality of Education in Nigeria.
Minister of Education, Professor Tahir Mamman (SAN), had announced the cancellation of the policy when he represented President Tinubu at the 75th Founder’s Day ceremony of the University of Ibadan.
The President as a visitor to the University pledged his commitment to the reform of the nation’s education sector as the bedrock for national development.
A leaked memo addressed to the heads of all tertiary institutions recently by the Nigerian government noted that starting from November 2023, Universities, Polytechnics, Colleges of Education and nonotechnics, will have 40% of their Internally Generated Revenue (IGR) deposited in their accounts will be deducted automatically via the Treasury Single Account.
SSUCOEN wants the government to leave the revenue generated internally alone and focus on strengthening and sustaining the country’s image.
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