The Colleges of Education Academic Staff Union (COEASU) has rejected a government policy requiring partially funded institutions to remit 40 percent of their internally generated revenue (IGR) to the treasury.
The Colleges of Education Academic Staff Union ( COEASU ) has rejected a government policy requiring partially funded institutions to remit 40 percent of their internally generated revenue (IGR) to the treasury. The policy, which was issued in a finance circular, mandates the automatic deduction of 40 percent from the IGR of federal universities and other partially-funded institutions.
COEASU president, Smart Olugbeko, expressed reservations about the directive, stating that the revenues collected in colleges of education are meant for specific services and are not substantial
COEASU Government Policy Revenue Remittance Internally Generated Revenue Partially Funded Institutions