News
VCs write FG, reject 40% universities IGR deduction
VCs write FG, reject 40% universities IGR deduction
The Committee of Vice Chancellors of Nigerian Universities has written a protest letter to the Federal Government, demanding that the government rescind the plan to deduct 40 percent of the Internally Generated Revenues of federal universities.
The Secretary-General Committee of Vice-Chancellors of Nigerian Universities, Prof. Yakubu Ochefu, who disclosed this to our correspondent in a phone interview at the weekend, said the government could not be demanding 40 per cent of varsities IGR when it had refused to grant them autonomy.
It was reported that the Federal Government in a letter dated October 17, 2023, titled ‘Implementation of 40% automatic deduction from internally generated revenue of partially funded federal government institutions,’ said it would begin the deduction with effect from November 2023.
The letter signed by the Accountant-General of the Federation, Mrs Oluwatoyin Madein, Director of Revenue and Investment, Office of the Accountant-General of the Federation, Felix Ore-ofe Ogundairo, said the auto-deduction policy of gross IGR was in line with the Finance Circular with reference number FMFBNP/OTHERS/IGR/CRF/12/2021 dated December 20, 2021.
Ochefu, speaking with our correspondent, said should the Federal Government spurn the plea by the VCs and goes ahead with the policy, parents would bear the consequences.
READ ALSO:
-
Imported products to cost more as Customs raise exchange rate
-
Appoint Enyeama to solve Super Eagles goalkeeper crisis – Etim Esin
-
Crisis in the Church as Pope Francis fires anti-LGBTQ bishop
Ochefu explained that the Finance Act 2020 specified that 40 percent could only be sent to the FG if there was a surplus, saying in the case of universities, there was no surplus but a lack of funding because universities only get user charges from students and not profits or revenues.
He said, “If you look at the Act, it didn’t say 40% IGR, but surplus. So, who determines what is surplus? The Finance Act of 2020 is explanatory and it is the institution that is supposed to decide and send you the surplus if there is any. But FG says it now wants to deduct it from the source. We have protested, and written to the Ministry of Education. If they insist, it means they want to ground the universities to a halt. Or we will be forced to add the 40 percent to what we are charging the end users and these end users are complaining already. We told the Ministry of Education to write the Ministry of Finance to halt the development. The letter was written on Thursday.”
He added, “Ultimately, any decision taken, it is the parents that will bear it. Schools are not commercial activities; they are social entities. Parents will bear it if FG insists on a 40 per cent deduction. For the government to sit down somewhere and equate universities, colleges, and polytechnics as revenue centres, that isn’t possible. They are not funding universities well enough. If you grant autonomy and we are charging the normal rate then we will give you the 40 percent.”
Also, the National President, Academic Staff Union of Universities, Prof. Emmanuel Osodeke, said, “As a union, we are in a meeting to take the decision. They are not supposed to deduct anything from anyone. The university is not generating revenue, this means you want to give students loans and you want to go back to the universities to collect it as 40% IGR.
“These are universities that are not properly funded. Parents are complaining that they can’t pay the current fees, yet you want to collect 40 percent of the little universities earn.”
VCs write FG, reject 40% universities IGR deduction
![]()
News
Uzodimma Approves N300m Support for Imo Law Students, South African Returnees
Uzodimma Approves N300m Support for Imo Law Students, South African Returnees
Imo State Governor, Senator Hope Uzodimma, has approved a N300 million financial intervention for Imo indigenes studying at the Nigerian Law School and citizens of the state recently returned from South Africa.
The intervention is designed to provide relief to beneficiaries facing economic hardship, rising living costs, and reintegration challenges.
According to the Imo State Commissioner for Information, Public Orientation and Strategy, Hon. Declan Emelumba, the package will benefit two categories of people: law students and South African returnees.
Under the arrangement, 250 Imo indigenes who returned from South Africa will receive N1 million each as a reintegration fund to help them resettle and rebuild their lives after being forced to return to Nigeria.
In addition, 100 Imo students at the Nigerian Law School will receive N500,000 each to help cushion the impact of inflation and rising cost of living while pursuing their legal education.
READ ALSO:
- How Kidnap of Adelabu’s Sister, Twins Was Planned – Suspects Confess Insider Role
- 300-Level FUBK Student Killed in Hostel Robbery Attack
- Veteran Nollywood Actor, Scholar Kola Oyewo Dies at 80
- No Election Is Perfect Anywhere – Fashola Tells Opposition to Accept Results
Emelumba explained that the governor was moved to approve the intervention following appeals from the law students and concerns over the difficult circumstances facing the returnees.
“The law students made a passionate appeal to His Excellency to support them to cushion the global inflation as regards cost of living. As a caring father, he responded promptly,” he said.
He added that the support for the returnees was driven by empathy, noting that many of them went through difficult experiences that forced them to return to Nigeria.
“The governor felt that the traumatised returnees needed a helping hand from government. Hence, he approved what can be described as a re-integration fund to enable them settle down with minimal discomfort,” Emelumba stated.
The commissioner further noted that the initiative aligns with the administration’s Shared Prosperity Agenda, which focuses not only on infrastructure development but also on human capital development and social welfare.
He also recalled that this is not the first time the state government has supported law students, stating that many of them are already beneficiaries of government scholarship programmes and periodic financial assistance.
The latest intervention has been described as part of ongoing efforts by the Uzodimma administration to ease economic pressure on students and vulnerable citizens, especially in the face of national inflation and unemployment challenges.
Stakeholders say the initiative could help provide temporary relief to beneficiaries as they continue their education or reintegrate into society after returning from abroad.
Uzodimma Approves N300m Support for Imo Law Students, South African Returnees
![]()
News
Publicity Helps Terrorists, Not Victims — Reno Omokri Warns
Publicity Helps Terrorists, Not Victims — Reno Omokri Warns
Former presidential aide and author, Reno Omokri, has argued that excessive publicity and global attention on terrorist activities often benefit perpetrators rather than pressure them into releasing victims.
In a detailed statement, Omokri maintained that terrorists thrive on attention and deliberately use media coverage to spread fear, attract influence, and strengthen their operations. He referenced former British Prime Minister Margaret Thatcher’s famous remark that “publicity is the oxygen of terrorism,” arguing that this principle remains relevant in modern counterterrorism strategy.
Omokri said public reactions to high-profile abductions, including global campaigns and celebrity involvement, can unintentionally increase the value of hostages in the eyes of kidnappers, making their release less likely.
He cited the case of the #BringBackOurGirls campaign following the 2014 Chibok schoolgirls’ abduction, claiming that international attention elevated the profile of Boko Haram and complicated rescue efforts. According to him, what began as a humanitarian movement eventually made the girls “high-value hostages” in the hands of their captors.
READ ALSO:
- Mexico Defeat South Africa 2–0 in Chaos-Filled World Cup Opener
- NSCIA Rejects Claims Linking Nigerian Muslims to Banditry, Kidnapping
- President Tinubu Deserves Credit – US Lawmaker Praises Nigeria’s State Police Breakthrough
The former presidential spokesman also said he personally engaged in international advocacy efforts to secure the release of abducted Leah Sharibu, including meetings with world leaders and funding personal initiatives. However, he claimed security experts later advised that excessive publicity around her case may have inadvertently increased her value to terrorists.
Omokri further referenced guidance allegedly contained in journalism and security manuals on terrorism coverage, arguing that responsible reporting should avoid amplifying fear or giving undue attention to terrorist acts.
He insisted that government security agencies continue to work behind the scenes to secure the release of abducted victims, while urging Nigerians to avoid emotionally driven reactions that may, in his view, complicate rescue operations.
According to him, terrorists are strategic actors who benefit from attention, and reducing publicity around their actions may weaken their psychological impact and operational incentives.
Omokri concluded that counterterrorism efforts require a more rational and less emotional public response, warning that sustained global amplification of kidnapping incidents may unintentionally serve the interests of criminal groups rather than victims.
Publicity Helps Terrorists, Not Victims — Reno Omokri Warns
![]()
News
Democracy Day: Tinubu Unveils Security, Economic Plans, Honours June 12 Heroes
Democracy Day: Tinubu Unveils Security, Economic Plans, Honours June 12 Heroes
President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to strengthening Nigeria’s democracy, improving national security, deepening economic reforms, and delivering prosperity to citizens as the country marked Democracy Day 2026.
In his nationwide Democracy Day address on Friday, Tinubu celebrated Nigeria’s 27 years of uninterrupted democratic rule, describing it as the longest stretch of civilian governance in the nation’s history.
The president said that despite existing challenges, democracy remains the foundation of Nigeria’s progress and called on citizens to continue defending and strengthening democratic institutions.
According to him, Nigerians have consistently chosen their leaders through elections, witnessed peaceful transfers of power, and resolved political disputes through constitutional means rather than violence.
Tinubu urged the Independent National Electoral Commission (INEC), security agencies, political parties and voters to ensure peaceful and credible elections in Ekiti and Osun states, warning that democracy suffers whenever citizens lose confidence in the electoral process.
Addressing young Nigerians, the president encouraged them to build their future at home rather than seeking opportunities abroad. He urged the youth to innovate, create businesses, participate in governance and contribute actively to national development.
On security, Tinubu acknowledged growing concerns over recent kidnappings and insecurity, including the abduction of schoolchildren in Oyo and Borno states. He stressed that democracy cannot thrive without security and assured Nigerians that his administration remains committed to protecting lives and property.
The president disclosed that the Federal Government had declared a security emergency and approved the recruitment of more than 50,000 police officers alongside thousands of military personnel to strengthen the country’s security architecture.
He further revealed that the 2026 Budget allocates N5.41 trillion to defence and security, describing it as the largest security allocation in Nigeria’s history.
Providing updates on counter-terrorism efforts, Tinubu said Nigerian security forces have significantly degraded terrorist operations across the country. He noted that troops recently destroyed an ISWAP command centre in Arege, Borno State, while terror-related deaths have reportedly declined by 81 per cent since 2015.
According to the president, more than 13,000 terrorists have been neutralised within the past year, while over 124,000 insurgents and their dependants have surrendered through the government’s Operation Safe Corridor deradicalisation programme since 2023.
READ ALSO:
- Full Text of President Bola Ahmed Tinubu’s Democracy Day Address
- Trump Defends Rising Inflation, Says Prices Will Fall After Iran Conflict
- TikTok Cracks Down on Harmful Content in Nigeria, Removes Over 4 Million Videos
Tinubu warned bandits, kidnappers and sponsors of terrorism to either surrender or face decisive military action, stressing that the government would show no mercy to individuals who continue to threaten national peace and security.
Reflecting on the significance of June 12, the president paid tribute to the late Chief Moshood Kashimawo Olawale Abiola, widely recognised as the winner of the annulled June 12, 1993 presidential election, and his wife, Alhaja Kudirat Abiola.
He also honoured several pro-democracy activists and national figures whose sacrifices contributed to the restoration of democratic governance in Nigeria. Among those recognised were Chief Gani Fawehinmi, Chief Bola Ige, Chief Alfred Rewane, Pa Abraham Adesanya, Chief Anthony Enahoro, Dr Beko Ransome-Kuti, Frank Kokori, Shehu Musa Yar’Adua and many others.
The president said the greatest tribute Nigerians can pay to the heroes of June 12 is to strengthen democratic institutions, uphold justice, protect freedoms and create opportunities for citizens.
On the economy, Tinubu defended the reforms introduced by his administration since assuming office in 2023, insisting that they were necessary to rescue the country from fiscal instability and restore investor confidence.
According to him, the reforms have improved public finances, increased federation revenues, enhanced fiscal transparency and attracted investments into critical sectors such as agriculture, energy, technology, manufacturing, mining and transportation.
The president noted that Nigeria’s domestic refining capacity has expanded significantly, helping to improve energy security and reduce dependence on imported petroleum products.
Tinubu also highlighted efforts to reform the electricity sector, which he described as one of the most challenging areas inherited by his administration.
He said the signing of the Electricity Act has empowered states to generate, transmit and distribute electricity independently, while the Presidential Power Sector Task Force is working to address the country’s metering deficit and settle legacy debts within the power sector.
The president revealed that the Rural Electrification Agency, with support from the World Bank and the African Development Bank, has expanded off-grid and mini-grid electricity projects to underserved communities, universities, hospitals and markets nationwide.
On infrastructure and agriculture, Tinubu disclosed that the National Agricultural Development Fund is implementing a plan to deploy 10,000 tractors over five years to boost food production and agricultural productivity.
He also announced that more than 1,000 small and medium-sized enterprises (SMEs) have been certified for exports, while Nigeria’s non-oil exports grew by 21 per cent in the past year.
Despite these gains, the president admitted that many Nigerians continue to face economic hardship and rising living costs. He said his administration remains focused on reducing inflation, creating jobs, increasing food production and improving living standards.
Tinubu reiterated his support for financial autonomy for Nigeria’s 774 local government councils, arguing that effective grassroots governance is critical to national development and security.
According to him, the collapse of local governance structures over the years contributed significantly to insecurity and underdevelopment in many communities.
In a major highlight of the address, the president announced national honours for dozens of pro-democracy activists, journalists, politicians and civil society leaders who played significant roles in Nigeria’s democratic struggle.
Among those listed for national recognition were Joe Okei-Odumakin, Richard Akinnola, Debo Adeniran, Niran Malaolu, Femi Aborisade, Babajide Kolade-Otitoju, Gbemiga Ogunleye, Muyiwa Adekeye, Ike Okonta and several others.
Tinubu also recognised a number of military officers who supported the June 12 democratic struggle and announced that the honours list would be formally released in the coming days.
Additionally, the president approved the renaming and revitalisation of the completed Institute of Petroleum Studies in Kaduna as the General Shehu Musa Yar’Adua University of Geological Sciences and Engineering Technology in honour of the late military officer and pro-democracy advocate.
Concluding his address, Tinubu urged Nigerians to reject division, despair and cynicism, and instead embrace unity, hope and national purpose.
He said the generation that fought for June 12 secured political freedom for Nigeria, while the responsibility of the current generation is to secure economic prosperity and ensure democracy delivers tangible benefits to every citizen.
“June 12 reminds us that Nigerians do not break. We bend, we bleed, but we do not break,” the president said.
He called on citizens to renew their commitment to democracy and work together towards building a united, prosperous and secure nation.
Democracy Day: Tinubu Unveils Security, Economic Plans, Honours June 12 Heroes
![]()
-
metro2 days agoEmir of Ilorin Appoints Sheikh Muhammad Bashir Dasuki as New Chief Imam of Ilorin
-
Entertainment2 days agoDavido Turns World Cup Stage Into Protest – Wears Jacket Bearing Names of Kidnapped Oyo Schoolchildren at FIFA Concert
-
News1 day agoFull Text of President Bola Ahmed Tinubu’s Democracy Day Address
-
Sports2 days agoChaos at World Cup 2026 Opener as Protesters Block Access to Estadio Azteca
-
metro3 days agoBandits Attack Kogi School, Vice Principal, Two Others Killed
-
metro1 day agoSenate Orders Police, DSS to Track Bandits Flaunting Cash on TikTok
-
Health2 days agoVIDEO: Nigerian Doctors in Canada Have Become ‘Medical Agberos’ — Doctor Alleges
-
metro2 days agoShocking Revelation: Ex-DSS Director Recounts How Sani Abacha Died
