… Stakeholders meet to strategize on boosting financial independence in Kwara’s higher institutions
#KwaraRising …
As part of its strategic efforts to enhance the financial sustainability of tertiary institutions in Kwara State, the Kwara State Internal Revenue Service (KWIRS) recently convened a stakeholders’ meeting focused on improving financial transactions and boosting revenue generation within these institutions.
The meeting, held at the Conference Hall of the Ministry of Tertiary Education, brought together bursars from all state-owned tertiary institutions to discuss alternative revenue strategies and self-sufficiency measures.
Declaring the meeting open, the Commissioner for Tertiary Education, Hajia Sa’adatu Modibbo Kawu, commended Governor AbdulRahman AbdulRazaq for his unwavering commitment to advancing education in the state.
She highlighted several key initiatives undertaken by the Governor, including the approval and release of funds for accreditation processes, clearance of outstanding staff salaries, and ongoing financial support through bailout funds for tertiary institutions.
“These efforts have collectively fostered significant progress and academic stability across the state’s higher education sector,” she stated.
According to her, “The government cannot remain passive while students are out of school. That is why we continually invest in education.” She urged the institutions to complement the government’s efforts by working towards financial self-sustainability, stressing the importance of financial independence in fulfilling their obligations.
In her remarks, the Executive Chairman of KWIRS, Mrs. Shade Omoniyi, outlined the objectives of the meeting, which included advising institutions on alternative revenue generation strategies, promoting self-sufficiency, and fostering collaborations to enhance overall revenue growth. She emphasized that these efforts align with Governor AbdulRazaq’s broader vision for educational excellence in Kwara State.
“This collaborative initiative reflects a shared commitment to strengthening the financial frameworks of the state’s tertiary institutions, ensuring their sustainability and continued contributions to the educational development of Kwara,” Mrs. Omoniyi stated.
The meeting saw active participation from bursars representing various institutions across the state, including: Kwara State University, Malete; Kwara State Polytechnic, Ilorin; Kwara State College of Nursing Science, Ilorin; Kwara State College of Nursing Science, Oke-Ode; and Kwara State College of Education, Ilorin.
Others present were representatives from Kwara State College of Education, Oro; Kwara State College of Education (Technical), Lafiagi; Kwara State College of Health Technology, Offa; International Vocational, Technical, and Entrepreneurship College, Ajase-Ipo; Kwara State Aviation College, Ilorin; and Kwara State College of Arabic and Islamic Legal Studies, Ilorin.
