Peter Obi praises Federal Government reversal of 40% IGR policy
The presidential candidate of the Labour Party (LP) in the February 25 presidential election, Mr Peter Obi, has heaped praises on the federal government for rescinding its plan on the remittance of 40 per cent of the Internally Generated Revenue (IGR) of universities.
The African Examiner recalls that the Federal Government had rescinded to pressure by suspending the automatic deduction of 40 per cent from the IGR of tertiary institutions.
President Bola Tinubu issued the reversal order on Friday when he spoke at the 75th Founder’s Day ceremony at the University of Ibadan (UI).
“The 40 per cent IGR automatic deduction policy stands cancelled. This is not the best time for such policy since our universities are struggling,” he declared.
The former Anambra State governor, in a post on his X handle, tasked the government to immediately reorganise and revamp TETFund.
Peter Obi praises Federal Government reversal of 40% IGR policy
The presidential candidate of the Labour Party (LP) in the February 25 presidential election, Mr Peter Obi, has heaped praises on the federal government for rescinding its plan on the remittance of 40 per cent of the Internally Generated Revenue (IGR) of universities.
The African Examiner recalls that the Federal Government had rescinded to pressure by suspending the automatic deduction of 40 per cent from the IGR of tertiary institutions.
President Bola Tinubu issued the reversal order on Friday when he spoke at the 75th Founder’s Day ceremony at the University of Ibadan (UI).
“The 40 per cent IGR automatic deduction policy stands cancelled. This is not the best time for such policy since our universities are struggling,” he declared.
The former Anambra State governor, in a post on his X handle, tasked the government to immediately reorganise and revamp TETFund.
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