The Nation Newspaper

Tag: Internally Generated Revenue (IGR)

  • Edo LGAs’ IGR rises by 500 percent

    Edo LGAs’ IGR rises by 500 percent

    Governor of Edo State, Mr Godwin Obaseki, has said that Internally Generated Revenue (IGR) reforms being implemented by his administration have yielded positive result, as annual collection in local council areas has climbed from N30 million in November 2016 to 150 million in November this year.

    The governor said this when he inaugurated the Edo State Council of Traditional Rulers and Chiefs, at the Government House, in Benin City.

    Obaseki said that the appreciable rise in revenue collection was as a result of various institutional reforms being implemented in the state, noting that the use of automated systems, such as Point of Sale (POS) machines, tax vouchers, among others, have revolutionised revenue collection in the local councils.

    He added that the increased revenue profile has made local councils buoyant and now able not only to meet their statutory obligations, but also contribute to development.

    The governor said that the state took a methodological approach in attaining the feat with IGR, as it conducted pilot study in 9 locations in Oredo local council, to operationalise the concept, adding, “When we conducted the study, Oredo LGA used to remit N42,000 a day, but after we introduced electronic devices, that sum climbed to N500,000.”

    Assuring that even more revenue is expected in the coming months, he said, “We are opening up Edo State for business and companies are heading down here. It is expected that with increased business activity to be occasioned by our investment drive in the state, more companies will spring up and the revenue profile we see today, will rise even further.”

    Obaseki said that the state is now a Mecca for investors, which is why heavyweights in agriculture, Fast Moving Consumer Goods (FMCG) companies, and manufacturers are siting their businesses in the state.

    He added, “The State Government is open for business because of our peculiar location as a nexus to different parts of Nigeria. This is why the companies are coming here. The influx of businesses will provide avenues for increased activity create more jobs and will drive development.”

  • EFCC: Stakeholders defer on seven percent IGR retention, autonomous FIU

    EFCC: Stakeholders defer on seven percent IGR retention, autonomous FIU

    The Nigerian Law Reform Commission (NLRC) has kicked against the retention of seven percent of recovered assets or internally generated revenue (IGR) by the Economic and Financial Crimes Commission (EFCC).

    The NLRC also disapproved of a Financial Intelligence Unit (FIU) responsible to the EFCC, stating that an independent FIU devoid of the anti-graft agency’s supervision would serve the country better.

    The agency as well as the Governors’ Forum wanted the FIU domiciled within the EFCC despite the suspension of the country from the Egmont group due to interference from the anti-graft agency.

    Speaking at a public hearing on three bills on the amendment of EFCC Act Wednesday, a Commissioner at the NLRC, Prof. Jumai Audi said the retention of seven percent from recovered property or income generated by the EFCC is unethical and capable of encouraging corruption within the agency.

    She said the anti-graft agency does not need additional fund to carry out its activities and should not be indulge with finds it does not need by government.

    She said: “EFCC does not need additional funding and does not need to retain any money or property they recovered. Their statutory allocating is enough.

    “Asking it to retain seven percent of its IGR or recovered property is morally wrong and illegal. EFCC can ask for supplementary budget if there is a need for it.

    “EFCC is not an income generating agency because and it’s workers are duty bound to carry out their duties. If they are indulged with funds they don’t need, there is every likelihood that the workers will go in strike one day if they feel aggrieved due to issue of funding”.

    On the independence of FIU, Audi said it was the undue interference from EFCC that led to the country’s suspension from the Egmont group.

    As a result, the NLRC opined that the unit should be separated from the EFCC and given the necessary support required to be effective.

    “We recommend the establishment of NFIU as an independent and autonomous body separate from EFCC rather than as a unit domiciled in EFCC as proposed in the bills.

    “Nigeria was suspended from the Egmont group for lack of autonomy in the real sense of the NFIU and this position has not been addressed.

    “The Egmont group requires that the FIU be independent and autonomous to guarantee its effectiveness in countering terrorist financing, money laundering and fighting corruption,” she added.

    However, the EFCC insisted that an autonomous FIU will not serve the purpose it was meant for.

    EFCC Secretary, Adegboyega Aremo said the FIU must be protected from politicians and the EFCC offers the most effective window to achieve that.

    “If you leave it to survive alone it will be endangered and exposed to danger.

    “In the entire universe only three tiny countries have autonomous FIUs and what Egmont group wants is for it to have autonomy within the EFCC,” he said.

    The Director General of Nigeria Governors​Forum (NGF), Ashishana Okauru aligned with the position of the House and the agency.

    Okauru, who was the first head of the unit at inception said, “As a foundation member of EFCC, I know what the Egmont group wants and it is autonomy within the EFCC.

    “It’s baffling that 10 years after we were registered by Egmont group we’ve been suspended and we stand to lose more if we are finally expelled from the group.

    “From Nigeria we may not be able to make scholarship payments and card monies may not be honored if we are finally expelled.

    “This is a subject we should dispense quickly because I remember that almost every agency opposed it when it first began.

    “I align with the position of the Committee; the FIU should be domiciled within the EFCC”.

    The Kayode Oladele – led Committee on Financial Crimes however noted that the retention of certain percentage of IGR is not new to government agencies.

    Saying that the case of EFCC should not be an exception, Oladele said the seven percent fund would not encourage corruption but enhance the execution of the primary duties of the anti-graft agency.

    He said: “There is nothing strange for agencies to retain part of their IGR to execute their mandates and we don’t think EFCC should be an exception.

    “Funding for anti-graft agencies is not an issue for now because we have a government that has the political will to fight corruption and that is why it is empowering them but what happens if a government that is not too keen on fighting corruption is in power?

    “This extra funding will not encourage corruption but encourage them to do more, just like this whistle blower policy that is now giving Nigerians the impetus to come forward.

    “Meanwhile, if it is agreed that the extra funding is not necessary then the House has no option than to remove it based on stakeholders decision”.

    On the need to amend the EFCC Act, Oladele said most transactions now takes place on electronic platforms and place additional pressure on our anti-corruption agencies in understanding and smashing the sophisticated networks of unscrupulous elements in the society.

    “The House is conscious of the growing need of anti-graft agencies in a rapidly evolving information age.

    “It entails continuous updating of their equipment and tools, regular re-training, as well as cross-border collaboration with other countries and bon-state entities.

    “It also entails that the operations of our anti-corruption agencies are in line with the rule of law and international best practices,” he added.

    Earlier while declaring the public hearing open, the Speaker, Yakubu Dogara explained why the exercise became imperative.

    Represented by the Deputy Whip, Pally Iriase, the Speaker said, “No country can develop with the high level of corruption in Nigeria.

    “Despite various government efforts to enact laws to curb corruption it is fast threatening our culture in Nigeria but once these laws are passed it will clear some of these internal and external challenges”

     

  • Masari presents N211.4bn appropriation for Katsina in 2018

    Masari presents N211.4bn appropriation for Katsina in 2018

    Gov. Aminu Masari of Katsina State on Monday presented the 2018 appropriation bill of N211.4 billion at the State House of Assembly.

    Masari, who presented the estimates in Katsina, said the budget was tagged “Budget of Actualization’’.

    He said that the appropriation bill had a capital expenditure of N160 billion, representing 75.7 per cent of the total budget, while recurrent expenditure was put at N51.4 billion, representing 24.3 per cent.

    Masari said that the projected Internally Generated Revenue ( IGR ) to finance the budget was N10.2 billion as well as N26.2 billion from other internal sources, while N131 billion was expected from the Federation Account.

    He said that the 2018 recurrent revenue increased by 30 per cent, compared to the figure in 2017, just as the recurrent expenditure in 2018 increased by 17.4 per cent over that of 2017, which was 13 per cent.

    The governor said that the personnel cost in the 2018 budget was N24.6 billion, overhead cost N12 billion, while consolidated revenue and other charges were N14.6 billion.

    He said under capital expenditure, the economic sector received N42.8 billion; social sector, N47.1 billion; regional development, N52.1 billion, while administration received N6.8 billion.

    Masari said that judiciary was allocated N691.2 million; the legislature N302.7 million; while contingency  had N2.6 billion and N7.3 billion was for debt servicing.

    Education sector received the lion share of N42.4 billion, representing 20 per cent of the budget.

    Responding, the Speaker, Alhaji Abubakar Yahaya, promised to ensure speedy passage of the budget for people of the state to continue to enjoy the dividends of democracy.

    Yahaya said that the house would scrutinise the budget with the aim of making necessary amendments.

    NAN

  • Ado Odo/Ota LGA generates N78m in 8 months

    Ado Odo/Ota LGA generates N78m in 8 months

    Ado Odo/Ota Local Government Area in Ogun, said on Thursday that it generated about N78 million as Internally Generated Revenue ( IGR ) between January and August.

    Mr Basiru Adeniji, the Executive Chairman of the council, disclosed this while receiving members of Ogun State House of Assembly Committee on Local Government and Chieftaincy Affairs on an oversight visit to the council.

    Adeniji said that the revenue was generated from license fees, fines, rent on land among others.

    “The council raked in the sum of N5.4million from license fees, over N3million from fines, while we got N1.5 million from rent on land.

    “We also generated revenue from extra ordinary items, repayments, rent on government buildings among others,” he said.

    Adeniji lamented that the council was confronted with the problem of refuse management, saying that its finances can’t adequately take care of the problem.

    He pleaded with the committee to prevail on the State Government to assist the council by providing refuse trucks to solve the problem.

    “The issue of harmonisation of revenue collection by the State Government should be seriously looked into as the local councils are not benefiting from the venture,” he said.

    Responding, Mr Olusola Sonuga, the Committee Chairman, reassured that the assembly would continue to support the need for total autonomy for Local Governments in the state.

    Sonuga said that the autonomy would engender more development at the grassroots.

    The lawmaker advised council to concentrate on executing capital projects, saying that it was the surest way to ensure solid grassroots development.

    NAN

  • Ijebu Ode LG generates N22m in eight months

    Ijebu Ode LG generates N22m in eight months

    Ijebu Ode Local Government, Ogun, generated over N22 million as Internally Generated Revenue ( IGR ) between January and August 2017, its Executive Chairman, Mr Gbolade Oduwole said on Wednesday.

    Oduwole spoke while playing host to members of Ogun Assembly House Committee on Local Government and Chieftaincy Affairs, during their oversight visit to the council.

    He attributed the size of the IGR to the fact that two Local Council Development Areas (LCDAs) were carved out from the original local government.

    The lawmaker disclosed that the council, this year, cultivated one hectare of cassava farmland at Isire and also planted pawpaw within the local government secretariat.

    “This we believe will go a long way to increasing the IGR after sales; we have taken agriculture so serious in this local government.

    “We have also embarked on the repair, renovation and purchase of the standard generator at the abattoir. This is to ensure that the meat sold at the place is good and hygienic for human consumption,” he said.

    Oduwole urged members of the state House of Assembly to continue to make laws that would give good leverage to the local governments to enhance their IGR profile for the greater development.

    In his address, Mr Olusola Sonuga, the committee chairman, urged the council to improve in the area of agriculture, saying that it would bring more revenue into its coffers.

    Sonuga advised LG councils and LCDAs to explore the available economic potentials in their areas to boost IGR.

    He said that the essence of their creation was to fast track infrastructure development at the grassroots.

    The lawmaker called for synergy between the executive and the legislative arms to move the local government and the LCDAs to enviable heights.

    Sonuga urged the council areas in the state to concentrate on capital projects that would make the people within the locality feel the dividend of democracy.

    Other members of the committee include Messrs Akinpelu Aina, Adebiyi Adeleye, Olusola Bankole, Ganiyu Oyedeji and Mrs Juliana Akintayo.

    The committee also visited Ijebu Ode South Local Council Development Area.

    NAN

  • ‘Bayelsa IGR hits N1.3bn in September’

    ‘Bayelsa IGR hits N1.3bn in September’

    The Bayelsa Government has recorded N1.3 billion as Internally Generated Revenue ( IGR ) in September, the Deputy Governor, retired Rear Adm. John Jonah, asaid on Friday.

    Breaking the financial statement for September in Yenagoa, Jonah said the state had realised abhout N1.3 as IGR in August.

    It can be recalled that Bayelsa had collected N868.58 million in the previous month.

    The deputy governor attributed the increase to tax reforms which hiked tax drive on oil firms operating in the state.

    He noted that the state Board of Internal Revenue was compelled to approach the courts to seal some companies that defaulted in paying their taxes.

    Jonah said that the development had also increased the cost of collecting the huge revenue to N88 million.

    On the revenue accrued to state from Federation Account for September, the deputy governor said Bayelsa had received N12.1 billion as against N9.94 billion in August.

    Jonah said total deductions in September amounted to N1.8 billion as against the N1.7 billion deducted in August, leaving the state with a net inflow of N8.28 billion.

    He said that the wage bill of the state for August salary captured in September’s statement stood at N3.7 billion for civil servants while N298 million was spent on the emoluments of political appointees.

    NAN

  • Federal agencies failed to remit N1.695tr in four years – Senate panel

    Federal agencies failed to remit N1.695tr in four years – Senate panel

    The Senate ad-hoc committee on alleged misuse, under remittance and other fraudulent activities in collection, accounting, remittance and expenditure of Internally Generated Revenue (IGR) has exposed over N1.695 trillion unremitted funds by federal government agencies.

    The nine member committee headed by Senator Olamilekan Solomon Adeola, in its interim report submitted to the Senate on October 19th, 2017 said that 26 agencies generated a total of N21, 909,831,657,897 between January 2012 to December 2016.

    Out of the amount, the committee said that a total of N1.695, 585,887,406 was not remitted to federal government account by the agencies within the period.

    It said that the Nigeria National Petroleum Corporation (NNPC) operated a deficit account of N3, 115,495,257,000,000 within the period.

    A total of 93 agencies came under the search light of the committee.

    All the federal universities, all federal colleges of education, all federal cooperative and agricultural colleges, federal science and technical colleges, all federal government colleges and others were also scrutinized.

    For instance, the committee observed that the Nigeria National Petroleum Corporation (NNPC) generated N15, 541,690,052,000,000 within the period and recorded a deficit of N-3,115,495,257,000,000.

    The implication of the figure for the NNPC is that it operated at a loss within the period under review.

    The Nigerian Television Authority (NTA) recorded N56, 817,976,306.00 as generated revenue within the period; its total under remittance was N5, 567,831,176.00.

    The Corporate Affairs Commission (CAC) generate N56, 319,706,498.83, it’s under remittance was recorded as N2, 907,940,808.00.

    The Bureau of Public Enterprise generated N479, 115,404,000.00 and recorded under remittance of N70, 485,698,800.00.

    The Sugar Development Corporation of Nigeria generated N16,258,122,423.14 and recorded under remittance of N5,595,130,103.10

    Securities and Exchange Commission generated N30, 229,951,000.00. It’s under remittance was not stated.

    The Nigeria Customs Service generated N335, 855,575, 759.53 within the period under review and recorded under remittance of N83, 963,893,939.88 within the period.

    It also said that 25 percent revenue of the Nigeria Customs Service was not reported.

    The committee said that the Nigeria Electricity Commission generated N25, 422,019,784.70 and had under remittance of N20, 319,552,361.75.

    Nigeria Nuclear Regulatory Authority generated N4, 663,198,042.93 and had under remittance of -827, 489, 066.14

    The committee explained that 25 per cent revenue paid into the Consolidated Revenue Fund while the remaining expenses were over bloated.

    The Federal Airport Authority of Nigeria generated a total revenue of N227, 301, 592,242.00, its under remittance was put at N19, 242,300,027.30

    Thee Nigeria Shipper Council made N25, 405,401,068.82 with failed to remit N69, 322, 017, 22

    The Federal Inland Revenue Service generated N445, 544,388,514.54 and failed to remit N33, 833,232,873.33.

    The Nigeria Teachers Institute generated N13,163,057,006.78 and failed to remit N984,013,375,39 while the Federal Radio Commission of Nigeria generated N6,954,353,171.59 and recorded under remittance of N1,211,179,042.40.

    The Petroleum Products Pricing Regulatory Agency generated N11,560,619,050.20, remitted N1,965,574,296.76 and failed to remit N1,778,116,748.16.

    The committee said that PPPRA partially paid 25 per cent of its revenue while it over bloated the remaining expenses.

    The Committee said that the Nigerian Maritime Administration and Safety Agency generated total revenue of N301, 160,118,548.47 and recorded under remittance of N184, 489.203, 618.25.

    It said that the National Health Insurance Scheme generate nil revenue (2012-2014), made a total expenditure of N680, 918,000, total remittance while its under remittance was put at N6,144,,734,400.00.

    The committee said that the Nigerian Communication Commission generated N217, 104,325,000.00 and recorded -47,373,814,269.18 under remittance.

    The committee also said that the Nigeria Ports Authority (NPA) generated N789, 029,440,000.00 and had under remittance of N86, 636,886,800.00

    It said that the Joint Admissions and Matriculation Board (JAMB) generated N49, 157,057,019.00 and recorded under remittance of N636, 095,144.18

    The Central Bank of Nigeria (CBN) was recorded to have generated N3, 098,157,000,000.00 and recorded under remittance of N13, 716,755,284.00.

    The Nigeria Bulk Electricity Company generated N1, 320,039,182.02 and recorded under remittance of N644, 045,677.73.

    The committee recommended that the Senate should amend the laws where necessary “ That the Senate should amend the laws where necessary to make it mandatory for all Revenue Generating Agencies to accommodate resident Auditors to be posted by the Auditor General of the Federation that will have access to all financial records and books, and to ensure compliance with section 120(i) of the 1999 Constitution of the Federal Republic of Nigeria (as amended).

    “The Fiscal Responsibility Act should be amended in a way to compel all Agencies and institutions of Government on compliances with financial regulations regarding income generation, accounting and remittances.

    “That the Senate should also amend .the laws where necessary to make it mandatory for all revenue Generating Agencies to accommodate resident Treasury Officers to be posted by the Accountant General of The Federation that will have access to all financial records and books.

    “The National Assembly should direct the immediate stoppage of the implementation of the contents of the Memo by the former Minister of Finance and Agencies and institutions should adopt the new mode of remittances as approved by the Senate.

    “The Fiscal Responsibility Act (2007) should further be amended to make all Revenue Generating Agencies to pay 30% of their income generated monthly to the Consolidated Revenue Account before any expenditure.

    “Equally, the operational modalities of certain Agencies or services rendered could not permit serious revenue generation, like the hospitals and Educational Institutions, thus, they should be exempted from Agencies expected to make money available to the CRF except where there is surplus declared.

    “The Federal Government should strengthen the Revenue Generating Agencies with manpower and qualitative staff to fill in the gaps needed for a viable workforce and revenue generation.

    “Where Agencies of Government have the capacity to carry out certain functions/activities, as in the case of Nigeria Immigration Service, such functions/activities should not be contracted out to consultants: Therefore, the Nigeria Immigration Service’s contracts be revoked.

    “Relevant Committees of the Senate should look into some of these Agencies and their expenditure profile with the view to instilling prudent financial management and accountability.”

    The report is slated for consideration this week.

     

  • We will use tourism, festivals, carnivals to boost revenue – LASG

    We will use tourism, festivals, carnivals to boost revenue – LASG

    The Lagos State Government ( LASG ) on Friday said that it would use tourism – related activities such as festivals, carnivals, exhibitions and conferences to boost the revenue base of the state.

    Mrs Adebimpe Akinsola, Acting Commissioner of Tourism, Arts and Culture, said that tourism is a veritable platform that can be used to drive revenue earnings of a state.

    According to her, the policy thrust of the government is to partner with the private sector in boosting the revenues of the state.

    “The government door is open for public and private partnership to increase its Internally Generated Revenue ( IGR ) through tourism and other related activities.

    “Lagos State Government is ready to partner any individual and corporate body with laudable initiative that will move the tourism industry forward, and indeed other sector of economy, ”she said.

    Akinsola said that festivals draw attention of international participants, tourists and investors closer to feel and see what a state or country could offer in terms of its tourism, arts and culture potential/assets.

    “It will also help to boost foreign exchange earnings, create jobs for indigenes, boost commercial activities, increase hotels and other related tourism outfit patronage, ”she said.

    She said that local and foreign visitors would visit tourist sites, patronise local cuisines, buy locally-made goods/souvenirs and also do business.

    “When hotels and other tourism outfits are selling, they pay their tax, and by extension, revenue is coming to the state,” Akinsola said.

    The acting commissioner assured local and international tourists/visitors of maximum security in all the tourist sites across the state.

    “The government is working closely with security agencies to ensure adequate security in the state.

    “As far as security is concerned, all hands are on deck to combat any unforeseen challenges; the emergency and safety in Lagos State is intact, ”she said.

    She said the Gov. Akinwunmi Ambode-led administration was working assiduously in placing the state as premium destination for tourism.

    “The state government has partnered many organisations on tourism programs such as beer festival, tourism summit, art exhibitions, cultural day and several others.

    “Government is still ready to collaborate with more organisations and provide opportunities for new investors in the sector,”she said.

    NAN

  • BudgIT: Debt profile of states rise to N3.89tn

    BudgIT: Debt profile of states rise to N3.89tn

    A civic technology organization, BudgIT Nigeria has said the total debt profile of states from both internal and external borrowing has increased from N3.03 trillion in 2015 to N3.89 trillion in 2016.
     
    BudgIT’s Lead Partner, Oluseun Onigbinde said this at the launch of the organization’s state of state report in Abuja, on Thursday.
     
    According to him, Lagos state has 24.2 per cent of the total debt stock of state governments with N500.8 billion debt profile in 2015 to N734.7 billion in 2016. 
     
    Onigbinde expressed worries over the increasing debt profile of states and their inabilities to generate revenues.
     
    He said the high debt profile had made it difficult for most states to meet their recurrent expenditure obligations.
     
    Onigbinde said: “Total debt profile of states in 2015 and 2016 was N3.03tn and N3.89tn respectively. Lagos state’s total debt stock rose from the 2014 level of N500.8bn to N734.7bn in 2016 – accounting for 24.2 per cent of the total debt stock of the state governments. 
     
    “Lagos debt is becoming really worrisome for us. Lagos debt is also entering some uncharted territory which needs to be watched carefully.
     
    “Many state governments are confronted by rapidly rising budget deficits as they struggle to pay salaries and meet contractual obligations and overheads due to a dip in oil price from its peak price of about $140 per barrel to about $56 per barrel.”
     
    He urged state governments to expand their internally generated revenue while cutting down on their debt accumulation.
     
    Onigbinde also called on the state governments to cut their “unreasonable” overheads bill while freeing up more spending for social infrastructure. 
     
    He said: “Over the last few months, many state governments have been devising policy changes with strong focus on improving internally generated revenue and reining in expenditure. 
     
    “State governments need to tremendously embrace a high level of transparency and accountability, develop workable economic plans, take haircuts-especially on overheads-expand their internally generated revenue ( IGR ) base, and cut down on debt accumulation without a concrete repayment plan.
     
    “The states need to look beyond the rhetorics and commit to a reduction in its operating costs, including significantly slashing its unreasonable overheads bill while freeing up more spending for social infrastructure. 
     
    “States will need to link future borrowing to sustainable projects, which can pay back the capital cost of its current loans and improve the overall income profile of the state. 
     
    “Improve spending is also critical for value-added tax revenue, manufacturing, trade, logics and tourism abound across states but it seems states lack the rigor and foresight to explore them. 
     
    Earlier in her remarks, Executive Secretary, Nigeria Investment Promotion Council, Yewande Sadiku, said all states are competing for investment from the Federal Government, forgetting that what the government gets was insufficient for Nigeria’s economic development.
     
    According to her, if state governments consider investing in their states the rate of debt would drop.
     
    She said: “Our work at the federal level will not achieve anything if we don’t work along with the state governments
     
    “It is certain that if states governments work more on investing in their states, the rates of debts will drop.”
     
    She urged Nigerians to invest more in their country instead of going out to invest, noting that Nigeria’s economic potential would be converted to its economic wealth.
  • ‘Nasarawa Polytechnic generates N120 million IGR annually’

    ‘Nasarawa Polytechnic generates N120 million IGR annually’

    Mr Silas Gyar, the Rector of  Nasarawa State Polytechnic, Lafia, says the institution  generates over N120 million Internally Generated Revenue (IGR) annually.

    Gyar said this on Thursday while addressing newsmen in his office.

    He said that the money was generated from the tuition fees.

    “We have over 7,000 students, when you add the number of the students by the amount being paid every semester, you have N120 million.

    “Though the indigene students pay an average of N17, 000 every semester, while the non-indigenes pay N30, 000 which is about N120 million.

    “We only charge N2, 500 for indigenes, while non indigenes pay N15, 000.

    “So if you add the N2, 500 and N15, 000 depending on the number of indigenes and non indigenes for tuition fees every semester, you have N36 million in a session.

    “Other charges are to take care of their examinations, medical bills, games, identity card, among others,” Gyar said.

    He said that the polytechnic was spending an average of N38 million in producing booklets, stationery, refreshment and other allowances to conduct successful examinations every session.

    Gyar debunked the insinuation making the rounds that the institution generated over N400 million annually and challenged anybody with prove to bring it forward.

    “We also augment our monthly allocation with N4.6 million every month to enable us pay our staff full salaries.

    “We also maintain the existing structures and facilities, so the public can see how we are spending our IGR,” he added.

    The rector assured the staff and students of his determination to create academic friendly environment by improving facilities and welfare of staff.

    NAN