Feb 10 • 20:55 UTC 🇳🇬 Nigeria Punch

Reps to withhold 2026 budget over agric institutions’ non-submission of IGR records

The Nigerian House of Representatives has mandated agricultural institutions to submit their internally generated revenue records within 24 hours, warning that failure to comply will result in the suspension of budget defense for the 2026 budget.

The House of Representatives Committee on Agricultural Colleges and Institutions in Nigeria has issued a directive for all institutions under its jurisdiction to submit proof of their internally generated revenue (IGR) within a tight deadline of 24 hours. This order was given during a budget defense session, highlighting the importance of accountability in the financial processes of these institutions. The decision was spurred by concerns regarding financial transparency and the implications it holds for the broader agricultural sector and the welfare of Nigerians.

Abiodun Akinlade, the Chairman of the Committee, emphasized the need for timely and accurate submissions, asserting that any institution that fails to meet this requirement will have its 2026 budget defense suspended. This stance suggests that the Committee views budget defense not merely as a procedural formality but as an essential mechanism for ensuring fiscal responsibility among agricultural institutions. The implication of this is that institutions must prioritize accountability to maintain their funding and ensure they can continue operations effectively.

By insisting on compliance with IGR submission, the Committee is underscoring a broader commitment to good governance and resource management within Nigeria’s agricultural sector. The action aligns with democratic practices where transparency in budgeting processes is critical. As Nigeria grapples with various issues, including agricultural funding and efficiency, this move may have significant ramifications on how these institutions allocate resources and carry out their activities in the future.

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