Poly Workers Reject 50% IGR Deduction by Finance Ministry

The National President of the Senior Staff Association of Nigerian Polytechnics (SSANIP), Phillip Ogunsipe, has announced that the association will not accept the 50% deduction of Internally Generated Revenue (IGR) by the Federal Ministry of Finance.

The announcement comes as a response to the recent policy of the Federal Government to implement a 40% automatic deduction of gross IGR from partially funded federal government institutions.

Ogunsipe, speaking on behalf of SSANIP, stated that the association would not accept the policy and would instead demand a 100% increase in the current subvention to the polytechnics.

This news has sparked debates among stakeholders in the education sector, with many questioning the government’s decision to implement such a policy without proper consultation with the affected institutions.

The implications of this policy on the quality of education and the financial sustainability of these institutions remain to be seen.