Kwara strips own tertiary institutions of powers to directly collect fees, revenues

Governor Abdulfatah Ahmed of Kwara

The Kwara State Government has directed all nine state-owned tertiary institutions in the state to open single treasury accounts for fees and other payments in a pilot exercise that will eventually extend to all revenue generating agencies in the state.

They were also directed to close all other revenue accounts maintained in commercial banks across the state.

The State Governor, Abdulfatah Ahmed, who gave the directive during a meeting with heads of tertiary institutions and banks operating in the state, said the directive is to enable the government get a clear picture of the institutions’ finances as a prelude to the debut of the newly established Kwara State Internal Revenue Service.

The Service will be the sole body responsible for revenue collection and management in the state.

Mr. Ahmed said the new directive also bars the institutions from receiving fees and other revenues in cash or maintaining any other bank account other than those approved by the state Accountant-General.

According to him, the move was designed to ensure efficiency in revenue collection and disbursement. The governor assured that the institutions will continue to receive budgeted funds from the state government as due and that the government’s only desire was to ensure efficiency in revenue generation and management.

The governor identified enhanced Internally-generated revenue as the only way the state could survive the current economic crises in the country, adding that even if the Federal Government stops crude oil theft, federal allocations are unlikely to return to previous levels as the sustained drop in global oil prices is likely to continue.

Continuing, he said the heads of tertiary institutions in the state have an opportunity to demonstrate their managerial skills as they migrate from inefficiency in revenue generation to levels of sufficiency, adding that all ministries, departments and agencies are also barred from opening bank accounts or obtaining bank loans without authorization from the Office of the Accountant General.

Mr. Ahmed called on the commercial banks to key into the government’s new revenue drive and avoid any actions capable of contravening the new revenue law as the government will not hesitate to review its relationship with any of them that attempts to sabotage the law.

Coronavirus factsheet


PT Mag Campaign AD

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


TEXT AD: To advertise here . Call Willie +2347088095401...

BE THE FIRST TO KNOW! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application