The federal government has ordered the management of federal
higher institutions to publish their financial data and academic capacity
before May 31, 2025.
Tunji Alausa, the minister of education, said all
vice-chancellors, rectors, and provosts must provide their annual budgetary
allocation, including “their personnel costs, overhead costs, and capital
expenditure”.
The minister communicated this directive in a statement
signed by Boriowo Folasade, the ministry’s spokesperson.
Alausa mandated school managements to also disclose data
around their research grants “from foreign institutions, multilateral
organisations, and development partners”.
The statement added that institutions must include the
findings received from TETFund.
“The directive further mandates that institutions publish
the total value of their endowment fund as recorded at the end of the previous
year,” the statement reads in part.
“This figure, which reflects funds donated or invested for
the institution’s long-term financial health, must be updated quarterly to
ensure currency and transparency.
Alausa asked the institutions to reveal the current
population of their undergraduate and postgraduate students to “determine their
enrolment and institutional capacity”.
The ministry stated that the information must be presented
in a clear, accessible, and user-friendly format before May 31.
“Websites should be structured in a way that allows the
public, including parents, students, and stakeholders, to easily locate and
understand these data points,” it added.
“All federal institutions are expected to comply fully with
this directive and ensure that their websites are completely updated.
Alausa said the ministry will conduct periodic reviews of
institutional websites and punish non-compliant institutions.
“This policy is part of a broader reform initiative aimed at
strengthening public trust in the nation’s tertiary institutions, enhancing
performance-based funding, and improving Nigeria’s global education indices,”
he added.
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