In a decisive move towards fostering accountability and openness within Nigeria’s education realm, the Federal Government has mandated all federal tertiary institutions to publicly share essential institutional data by May 31, 2025. This initiative aims to enhance transparency, aligning the nation’s educational management with global standards.

Driving Transparency in Higher Education

The directive, issued by the Minister of Education, Dr. Maruf Tunji Alausa, requires each institution to reveal detailed Annual Budgetary Allocations. Institutions are to categorize expenditures into personnel costs, overhead costs, and capital expenditures to provide a granular financial portrait.

Unveiling Research Grants and Funding

An equally critical aspect of the directive involves exposing the sources and applications of research funding. Educational bodies must split last year’s research grant revenue into domestic and international contributions, thereby offering stakeholders comprehensive insights into academic funding dynamics.

TETFund and Endowment Fund Disclosure

Institutions are expected to elucidate their TETFund Allocations, detailing how these funds contribute to academic and infrastructural advancements. Furthermore, the institutions must regularly report on the status of their Endowment Funds, ensuring stakeholders are informed about long-term financial health.

Fostering Public Engagement

To actualize this vision, the institutions’ websites must be designed to be user-friendly. The Ministry insists on clarity and accessibility, enabling parents, students, and stakeholders to conveniently access and interpret the published information.

Strengthening Policy Enforcement

To guarantee adherence, the Ministry has instituted a regime of routine audits and the possibility of sanctions for non-compliance. Regular reviews aim at fortifying institutional accountability, driving reforms that rekindle public trust, and enhancing Nigeria’s educational prestige on a global scale.

As stated in Nairametrics, these efforts echo broader reform objectives, striving to enhance Nigeria’s performance-based funding framework, thus invigorating the country’s education system.