HomeEDUCATIONFG Laments Poor Management Of Funds In Tertiary Institutions

FG Laments Poor Management Of Funds In Tertiary Institutions

THE Federal Government has lamented that poor management of funds allocated to the tertiary institutions, especially polytechnics and colleges of education, has been the major challenge of the sub-sector.

Minister of Education, Malam Adamu Adamu, who said this while  inaugurating the governing councils of new eight federal polytechnics and six  federal colleges of education, also warned the council members against corruption and interference in the day-to-day operations of the institutions.

He said: “Poor management of funds remains a major operational constraint in the sector. It is expected that the limited funds allocated by the government should be judiciously utilised.

“Also, it is evident that the government alone cannot provide all the funds required to run the federal polytechnics and colleges of education, therefore the councils should think out of the box and endeavour to generate more revenue outside of the government allocations.

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“In this regard, the councils should enlist the support of philanthropic organisations, individuals and other sources of revenue through endowment for additional funding of their institutions,” he said.

The minister warned the council members that President Muhammadu Buhari would not hesitate to dissolve any council found to be corrupt and/or incompetent, noting however, that with the calibre of men and women being inaugurated, “I am hopeful that he would have no need to exercise his powers in this regard.”

Biobaku Lekan
Biobaku Lekanhttps://newsupdates247.com.ng
My name is Biobaku Lekan popularly known as Lokazee, I am an assertive person, a motivational speaker,media personnel, publisher and CEO of www.newsupdates247.com.ng and a person willing to serve humanity. You can reach me via: WhatsApp 09068659872


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