Tag: FG Begins 40% Revenue Deduction from Varsities IGR

  • FG Begins 40% Revenue Deduction from Varsities IGR

    FG Begins 40% Revenue Deduction from Varsities IGR

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    by

    Olumide Akinrinlola
    in

      The Federal Government has commenced the implementation of an automatic 40 per cent deduction of Internally Generated Revenues of Federal Universities and other partially funded institutions across the country. The auto-deduction policy of gross IGR is in line with the Finance Circular with reference number FMFBNP/OTHERS/IGR/CRF/12/2021 dated December 20, 2021. The circular limits the…