- Advertisement -spot_img
28.2 C
Lagos
HomeMetro NewsNigeria's central govt stops funding of professional bodies

Nigeria’s central govt stops funding of professional bodies

- Advertisement -spot_img

The federal government has notified professional bodies and councils that it would cease to fund them beginning from the 2024 budget in line with the decisions of the Presidential Committee on Salaries (PCS).

The move was in line with the recommendation in the Orosanye committee report and the recent Presidential Committee on Salaries.

The Director General, the Budget Office of the Federation (BoF), Ben Akabueze, conveyed the message via memos sent to the professional bodies.

Some of the memos were addressed to the Registrar/CEO, Optometrist and Dispensing Optics Board as well as the Nigerian Council of Food Science and Technology (NiCFoST).

They read: “I wish to inform you that the presidential committee on salaries (PCS) at its 13th meeting approved the discontinuation of budgetary allocation to professional Bodies/Councils effective January 1, 2024.

READ ALSO: Oil prices drop on profit-taking as concerns of further rate hikes damp economic outlook

“The purpose of this letter, therefore, is to inform you that, in compliance with PCS’s directives, this office will no longer make budgetary provisions to your institution, which means that you will be regarded henceforth as a self-funded organisation.

“For the avoidance of doubt, you will be required, effective 1st January 2024, to be fully responsible for your personnel, overhead and capital expenditures.”

The Senior Technical Adviser to the Director General, Budget Office of the Federation, Olumide Ayodele, stated that stoppage was a recommendation in the Orosanye committee report and the recent Presidential Committee on Salaries.

“It was a recommendation in the Orosanye committee report and the recent Presidential Committee on Salaries. All the professional bodies and councils have been notified,” he said.

Professional bodies in Nigeria are largely responsible for research and technology development in their fields, relying on government funding to conduct ethical reviews and propose and promote new professional standards. There are over 100 professional bodies in the country.

Join Our Mailing List!

* indicates required
- Advertisement -spot_img
- Advertisement -spot_img
Must Read
Related News
- Advertisement -spot_img