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Tinubu Stops 40% Deduction From Varsities’ IGR

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President Bola Tinubu has cancelled the controversial deduction of 40 per cent of internally generated revenue from federal universities across the country.

The President, who was represented by the Minister of Education, Tahir Mamman, spoke on Friday at the 75th Founder’s Day ceremony of the University of Ibadan and described the policy implementation as “ill-timed”.

He also maintained that it was not the best time for such a policy since the universities were struggling.

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In his speech as a Visitor to the university, Tinubu pledged his commitment to the reform of the nation’s education sector as the bedrock for national development.

He said, “The 40 per cent IGR automatic deduction policy stands cancelled. This is not the best time for such a policy since our universities are struggling.”

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The PUNCH reports that the Federal Government, in a letter dated October 17, 2023, titled ‘Implementation of 40% automatic deduction from internally generated revenue of partially funded Federal Government institutions,’ said it would begin the deduction with effect from November 2023.

The letter signed by the Accountant-General of the Federation, Mrs Oluwatoyin Madein, Director of Revenue and Investment, Office of the Accountant-General of the Federation, Felix Ore-ofe Ogundairo, said the auto-deduction policy of gross IGR was in line with the Finance Circular with reference number FMFBNP/OTHERS/IGR/CRF/12/2021 dated December 20, 2021.

READ ALSO: How I Will Bury My Father — Soludo

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Recall that the Committee of Vice Chancellors of Nigerian Universities had written a protest letter to the Federal Government, demanding that the government should rescind the plan to deduct 40 per cent of the Internally Generated Revenues of federal universities.

The Secretary-General Committee of Vice-Chancellors of Nigerian Universities, Prof. Yakubu Ochefu, said the government could not be demanding 40 per cent of varsities IGR when it had refused to grant them autonomy.

Ochefu told Saturday PUNCH that should the Federal Government spurn the plea by the VCs and go ahead with the policy, parents would bear the consequences.

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BREAKING: Council Of State Approves New INEC Chairman

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The National Council of State has unanimously approved the appointment of Professor Joash Ojo Amupitan (SAN) as the new Chairman of the Independent National Electoral Commission.

This was contained in a statement posted on X by the President’s aide, Bayo Onanuga, on Thursday.

READ ALSO:JUST IN: Council Of State Meets As Tinubu Presents Nominees For INEC Chair

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President Bola Tinubu presented Amupitan’s name to the Council during its meeting at the Presidential Villa, Abuja, on Thursday. The appointment follows the exit of Professor Mahmood Yakubu, who completed his 10-year tenure in October 2025.

Tinubu told the Council that Amupitan, a 58-year-old Professor of Law from Kogi State, is the first person from the North-Central state to be nominated for the position.

More details later…

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Full List: UI Dethrones Covenant University In Latest Rankings

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The University of Ibadan (UI), Oyo State, has been ranked Nigeria’s best university in the 2026 Times Higher Education (THE) World University Rankings.

The ranking, released on Thursday via THE’s official website, placed UI within the 801–1,000 band globally—reclaiming a position it last held in 2023. The institution moved up from fourth place in the 2025 rankings to surpass Covenant University, which had topped the list in 2024 and 2025.

THE evaluated of 2,191 institutions from 115 countries based on 18 performance indicators grouped under five key areas: teaching, research environment, research quality, industry engagement, and international outlook.

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Following UI in Nigeria’s ranking are the University of Lagos (UNILAG), Bayero University, Kano (BUK), and Covenant University (CU), ranked second, third, and fourth, respectively.

The 2026 global ranking also reflected a changing higher education landscape, drawing on 174.9 million citations from 18.7 million research publications and survey responses from over 108,000 scholars worldwide.

Among Nigerian universities, UNILAG achieved the highest score in research quality, with 66.7 points. BUK ranked best for international outlook, while Covenant University led in industry engagement.

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READ ALSO:Only 21 Nigerian Varsities Make Global Ranking, Say Educators [FULL LIST]

Of the 51 Nigerian universities featured in the 2026 ranking, only UI and UNILAG were placed within the 801–1,000 band. BUK, CU, and Landmark University were ranked between 1,001–1,200, while Ahmadu Bello University, Federal University of Technology Minna, University of Ilorin, University of Jos, and University of Nigeria Nsukka fell within the 1,201–1,500 range.

Additionally, 14 Nigerian universities were placed above 1,500, while 27 institutions were listed as “not ranked.”

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THE is a globally recognised independent organisation that provides data and insights on higher education performance.

Universities are considered for the rankings if they teach undergraduates, produce multidisciplinary research, and have published at least 1,000 research papers between 2020 and 2024, with a minimum of 100 annually.

See the full list below:

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1. University of Ibadan (801–1000)

2. University of Lagos (801–1000)

READ ALSO:How Gas Explosion Killed Patoranking’s Sister, Brother-in-law – Police

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3. Bayero University (1001–1200)

4. Covenant University (1001–1200)

5. Landmark University (1001–1200)

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6. Ahmadu Bello University (1201–1500)

7. Federal University of Technology, Minna (1201–1500)

8. University of Ilorin (1201–1500)

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9. University of Jos (1201–1500)

10. University of Nigeria, Nsukka (1201–1500)

11. Babcock University (1501+)

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12.Delta State University, Abraka (1501+)

13. Ekiti State University (1501+)

14. Federal University of Agriculture, Abeokuta (1501+)

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15. Federal University of Technology, Akure (1501+)

16. Federal University of Technology, Owerri (1501+)

17. Federal University Oye-Ekiti (1501+)

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18. Ladoke Akintola University of Technology (1501+)

19. Lagos State University (1501+)

20. Nnamdi Azikiwe University (1501+)

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21. Obafemi Awolowo University (1501+)

22. University of Benin (1501+)

23. University of Calabar (1501+)

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READ ALSO:New Senate Rule Restricts President, Deputy Seat To Ranking Members

24. University of Port Harcourt (1501+)

25. Admiralty University of Nigeria

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26. Akwa Ibom State University

27. Al-Hikmah University

28. Augustine University

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29. Bamidele Olumilua University of Education, Science and Technology, Ikere-Ekiti

30. Bauchi State University, Gadau

31. Bayelsa Medical University

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32. Baze University

33. Bells University of Technology

34. Bowen University

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35. Evangel University, Akaeze

36. Federal University of Lafia

37. Federal University of Petroleum Resources, Effurun

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38. Fountain University

39. Godfrey Okoye University

40. Igbinedion University Okada

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41. Kaduna State University

42. Lagos State University of Education

43. Lagos State University of Science and Technology

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44. Lead City University

45. Maryam Abacha American University of Nigeria

46. Nasarawa State University, Keffi

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47. Redeemer’s University

48. Rivers State University

49. Thomas Adewumi University

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50. University of Cross River State

51. University of Delta.

 

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Elon Musk Joins ‘Cancel Netflix’ Campaign

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Elon Musk has urged his 227 million social media followers to cancel their Netflix subscriptions, accusing the streaming platform of promoting what he describes as transgender propaganda.

In his latest culture war campaign, the Tesla tycoon joined a trend launched by conservative social media account Libs of TikTok that cited the animated series “Dead End: Paranormal Park” and Netflix’s corporate diversity efforts as a cause for dropping the streaming service.

The show’s creator, Hamish Steele, is accused of making social media remarks about conservative activist Charlie Kirk’s assassination in September that were seen by conservatives online as disrespectful and led to the backlash.

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READ ALSO:Elon Musk Deletes Post Claiming Trump Was ‘In The Epstein Files’

Netflix’s shares fell two percent on Wednesday when the controversy gained traction and were down as much as another two percent Thursday on Wall Street.

“Cancel Netflix,” Musk wrote in a Wednesday post on X, the platform he owns, quoting another post made by Libs of TikTok.

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That post shared screenshots of a Netflix company report that said it had increased the number of non-white directors and lead actors on its programs.

READ ALSO:Barcelona Reinstate Ter Stegen As Captain

In a later post on the issue, Musk encouraged his followers to “Cancel Netflix for the health of your kids.”
Steele addressed the controversy in a few Bluesky posts that have since been deleted: “It’s all lies and slander!”

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Musk, the world’s wealthiest person, has a personal connection to transgender issues. His eldest daughter, Vivian
Jenna Wilson, publicly transitioned in 2022 and legally changed both her name and gender identity.

Musk has claimed his child was “killed” by the “woke mind virus” instilled at an elite California school.

 

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