Internally Generated Funds News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Health Minister-designate Dr Benard Okoe-Boye says the government will commission and operationalise Agenda 111 projects in phases.

President Nana Akufo-Addo has said that the government is closer to the people than it had ever been in the history of the country.

Medical Superintendent of the Effia Nkwanta Hospital, stated that no public health facility can cover electricity bills using Internally Generated Funds (IGF).

The President Bola Tinubu-led administration has announced the cancellation of the automatic deduction of 40 per cent from federal universities' Internally Generated Revenue (IGR) after backlashes. The Minister of Education, Tahir Mamman, stated this during his speech at the 75th Founder’s Day ceremony of the University of Ibadan (UI) on Friday, November 17, while noting that the policy implementation was ill-timed. He said, “The 40 percent IGR automatic deduction policy stands cancelled. This is not the best time for such a policy since our universities are struggling.”

The Academic Staff Union of Universities has said the Federal Government’s plan to automatically deduct 40 per cent from universities’ Internally Generated Revenue will impoverish the university system.