Education

FG Initiates 40% Auto Deduction of IGR in Federal Universities

Published

2 years ago

November 7, 2023

The Federal Government has initiated a policy to automatically deduct 40% of the Internally Generated Revenues (IGR) from federal universities and partially funded institutions across the country. This measure is in line with a Finance Circular issued on December 20, 2021.

A letter dated October 17, 2023, titled “Implementation of 40% automatic deduction from internally generated revenue of partially funded federal government institutions,” was sent to the universities by the Accountant-General of the Federation, Mrs. Oluwatoyin Madein. The letter, signed by the Director of Revenue and Investment at the Office of the Accountant-General of the Federation, Felix Ore-ofe Ogundairo, was also approved by the Minister of Finance, Wale Edun.

The letter reads, “I am directed to inform you that the Honourable Minister of Finance and Coordinating Minister of the Economy has approved the implementation of a 40% auto deduction from the Gross Internally Generated Revenue (IGR) of all Partially Funded Federal Government Institutions in line with the Provision of Section 62 of Finance Act, 2020 with effect from November 2023.

Agencies and parastatals are to retain not more than 50% of their gross IGR, with the remaining 50% being remitted to the Sub-recurrent Account. All statutory revenue lines such as Tender Fees, Contractor’s Registration Fees, Disposal of Fixed Assets, Rent on Quarters, etc., are to be remitted in full to the Sub-recurrent Account.

Consequently, all partially funded Agencies and Parastatals must align their budget requirements and ensure full compliance with the provision of Section 62 of Finance Act, 2020 and the Finance Circular, 2021.”

Education

Oyelami Named Acting CEO of National Mathematical Centre

Published

2 months ago

February 25, 2026

Editor

By Omoniyi David

The Federal Government has appointed Professor Oyelami as Acting Chief Executive Officer of the National Mathematical Centre with immediate effect.

The appointment was announced in a statement by the centre’s Controller of Information and Public Relations, Onyekachi Njoku. He said the decision followed the elevation of the former CEO, Promise Mebine, as Vice-Chancellor of the Federal University Otuoke.

Njoku disclosed that the approval was conveyed in a letter signed by Rakiya Ilyasu, Director of University Education at the Federal Ministry of Education.

Professor Oyelami, a mathematician who joined the centre over two decades ago from Abubakar Tafawa Balewa University, previously served as Coordinator of the Mathematics and Theoretical Physics programmes and as Deputy Director/Academic Planning Coordinator.

An alumnus of the University of Jos and Abubakar Tafawa Balewa University, he holds a Second-Class Upper degree, MSc and PhD in Mathematics and has published widely in local and international journals.

The centre said his appointment would strengthen its mandate to promote research, innovation and capacity building in mathematical sciences.

Abuja Reports

UniAbuja Council Denies NELFUND Loan Diversion Claim

Published

2 months ago

February 15, 2026

Editor

By Patrick Idowu

The Governing Council of the University of Abuja has refuted allegations that the institution diverted funds provided by the Nigerian Education Loan Fund (NELFUND), for its students.

In a statement issued on Saturday, the council, chaired by Senator Olanrewaju Tejuoso, said no NELFUND money was diverted, misappropriated or unlawfully withheld by the university or any of its officials.

The denial comes a day after NELFUND also dismissed the allegation and cleared the university of wrongdoing.

The statement, signed by the Acting Registrar and Secretary to the Governing Council, Malam Sambo Mohammed, said the university operates within established financial regulations and maintains strict accountability in managing intervention funds.

The council urged the public to disregard what it described as a misleading media report, while reaffirming confidence in the university’s management led by Vice-Chancellor, Prof. Hakeem Babatunde Fawehinmi.

Education

JAMB Warns Candidates Against Infractions in 2026 UTME Registration

Published

2 months ago

February 9, 2026

Editor

By Onyeanya Ebere Immaculata

The Joint Admissions and Matriculation Board (JAMB) has warned that candidates who violate registration rules or breach the attestation signed during the ongoing 2026 Unified Tertiary Matriculation Examination (UTME), registration will face severe sanctions.

JAMB Registrar, Prof. Ishaq Oloyede, issued the warning on Monday as the registration entered its third week.

He said offenders could be barred from sitting for the UTME for up to three years, adding that the names of defaulters may be published in national newspapers and forwarded to other public examination bodies.

Oloyede also disclosed that candidates involved in serious offences could be handed over to the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), or the Police for prosecution.

JAMB said the measures are aimed at protecting the integrity of the examination process and ensuring fairness for all candidates.