Tinubu Cancels 40% IGR Deduction from Universities

The contentious practice of taking 40% of internally generated revenue from federal colleges across the nation has been discontinued by President Bola Tinubu.

Speaking on Friday at the University of Ibadan’s 75th Founder’s Day celebration, the President—who was accompanied by Minister of Education Tahir Mamman—described the implementation of the policy as “ill-timed.”