The federal government has ordered the management of federal higher institutions to publish their financial data and academic capacity before May 31, 2025.
Tunji Alausa, the minister of education, said all vice-chancellors, rectors, and provosts must provide their annual budgetary allocation, including “their personnel costs, overhead costs, and capital expenditure”.
The minister communicated this directive in a statement signed by Boriowo Folasade, the ministry’s spokesperson.
Alausa mandated school managements to also disclose data around their research grants “from foreign institutions, multilateral organisations, and development partners”
The statement added that institutions must include the findings received from TETFund.
“The directive further mandates that institutions publish the total value of their endowment fund as recorded at the end of the previous year,” the statement reads in part.
“This figure, which reflects funds donated or invested for the institution’s long-term financial health, must be updated quarterly to ensure currency and transparency.
Alausa asked the institutions to reveal the current population of their undergraduate and postgraduate students to “determine their enrolment and institutional capacity”.
The ministry stated that the information must be presented in a clear, accessible, and user-friendly format before May 31.
“Websites should be structured in a way that allows the public, including parents, students, and stakeholders, to easily locate and understand these data points,” it added.
“All federal institutions are expected to comply fully with this directive and ensure that their websites are completely updated.
Alausa said the ministry will conduct periodic reviews of institutional websites and punish non-compliant institutions.
“This policy is part of a broader reform initiative aimed at strengthening public trust in the nation’s tertiary institutions, enhancing performance-based funding, and improving Nigeria’s global education indices,” he added.
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