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Tinubu announces cancellation of 40% IGR deduction from varsities

APC urges opposition to embrace Tinubu as President elect

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President Bola Tinubu has cancelled the automatic deduction of 40% from the internally generated revenues of federal universities, stating that the policy implementation is ill-timed.

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Tinubu, represented by the Minister of Education, Tahir Mamman decision made the announcement at the 75th Founder’s Day ceremony of the University of Ibadan (UI). 

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The cancellation was confirmed by the Lagos Zonal Coordinator of the Academic Staff Union of Universities (ASUU), Adelaja Odukoya, and Sultan Sa’adu Abubakar, who had earlier condemned the policy.

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The policy, set to commence in November, mandated a 40% automatic deduction from universities’ internally generated revenues via the Treasury Single Accounts (TSA).

The president pledged commitment to education sector reform for national development.

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