The Federal Government has mandated all public tertiary institutions to publish annual financial and academic reports to boost transparency.
The move follows the launch of a digital platform promoting accountability across Nigeria’s education sector.
The Federal Government has directed all public universities, polytechnics, and colleges of education to begin publishing their yearly financial statements and academic performance reports from the first quarter of every year.
Minister of Education, Dr. Tunji Alausa, announced the directive on Tuesday in Abuja during the launch of the Federal Tertiary Institution Governance and Transparency Platform (FTIGTP). The platform aims to promote transparency, accountability, and efficient resource management across Nigeria’s tertiary institutions.
Alausa warned that schools that fail to comply with the new rule may lose access to Tertiary Education Trust Fund (TETFund) interventions. He explained that financial reporting through the new platform will now form part of performance assessments by both local and international partners.
He added that future funding and interventions will be linked to transparency metrics. “For many years, data on tertiary education in Nigeria has been scattered and inconsistent. The FTIGTP provides a unified, reliable source of information on institutional finances and performance,” he said.
According to the minister, the platform will give real-time access to data such as student enrolment, government funding, TETFund allocations, research grants, and other financial inputs. He noted that this move supports President Bola Tinubu’s commitment to good governance and accountability in public service.
Alausa described the platform as a major step toward ensuring financial openness, better planning, and public confidence in Nigeria’s education system. He urged vice-chancellors, rectors, and provosts to fully cooperate and ensure prompt data submission.
Chairman of the Committee of Vice-Chancellors of Nigerian Universities, Professor Tanko Ishaya, praised the initiative, calling it a bold reform that aligns with global best practices in education management.
