Transparency Test: Only 34 Federal Institutions Publish Financial Records
Only 34 out of 195 federal tertiary institutions complied with Nigeria's Education Minister's directive to disclose financial records by May 31.
In a revealing turn of events, only 34 out of 195 federal tertiary institutions in Nigeria have adhered to a crucial directive by the Minister of Education, Tunji Alausa, to publish their financial records online by May 31, 2025. According to FIJ NG, this move was implemented as part of an initiative to boost public trust and transparency within the nation’s higher education system.
The Directive
On April 5, the Minister issued a clear mandate to all federal tertiary institutions. They were required to disclose detailed budget allocations, funding streams, and student demographics openly on their websites. This measure aimed to dismantle the notorious secrecy surrounding financial records within Nigerian universities—a sentiment echoed by the Athena Centre for Policy and Leadership’s recent findings.
Compliance Challenges
It appears that only a small fraction of institutions have taken this directive to heart. The University of Benin, Abubakar Tafawa Balewa University, and others have shown exemplary full compliance, making essential information available to the public. However, such transparency remains rare, with significant institutions like the University of Ibadan and Obafemi Awolowo University missing from the compliant list.
Polytechnics and Monotechnics on the Spot
The scenario worsens among federal polytechnics, with only eight embracing the directive partially. Yaba College of Technology, an esteemed institution, stands out with its non-compliance. Within the monotechnics category, a mere three of 90 institutions released any data, highlighting a widespread reluctance across various educational sectors.
Consequences of Defiance
With compliance rates alarmingly low, questions linger about potential repercussions for non-compliant institutions. While the directive sought to nurture transparency, its reception has been lukewarm, prompting urgent discourse regarding accountability in educational governance.
Looking Forward
As this transparency test unfolds, the coming weeks may see increased scrutiny over the institutions failing to meet expectations. The journey towards a transparent and accountable education system remains a pressing concern, meriting continued observation and action.
The future of Nigerian education hangs in balance as stakeholders await decisive government action to steer this transformative directive towards success.
