40% IGR deduction sets FG, varsities on collision course

 The Federal Government's decision to automatically deduct 40% of Internally Generated Revenues (IGR) from public universities has sparked concerns and potential clashes with university workers. This move, which is part of the finance circular dated December 20, 2021, has raised questions about the government's commitment to adequately fund the education sector. The announcement comes at a time when the higher education sub-sector is grappling with issues such as inadequate funding, non-payment of salaries, poor infrastructure, and declining academic standards.

The memo addressed to heads of universities states that, effective November 2023, the government will deduct 40% of IGR deposited in the universities' accounts via the Treasury Single Accounts (TSA). This move has been met with resistance from academic staff, notably the Academic Staff Union of Universities (ASUU), which has a history of engaging in strikes to address issues affecting the education sector.

Critics argue that the proposed deduction could exacerbate existing challenges faced by universities, including the departure of lecturers seeking better opportunities abroad and the overall decline in academic standards. The issue highlights the ongoing struggle for adequate funding in Nigerian universities, as the country's education spending has consistently fallen below UNESCO's recommended benchmarks.

In response to the deduction, ASUU and the Congress of Nigerian University Academics (CONUA) expressed concern, describing the decision as draconian, barbaric, and detrimental to the survival of public universities. There are fears that this deduction may lead to further tuition hikes, impacting students and their families.

This development emphasizes the need for a comprehensive and sustainable approach to funding education in Nigeria. The government, education stakeholders, and university workers must engage in dialogue to find solutions that prioritize the growth and stability of the education sector while addressing the concerns of all parties involved.