Most tertiary institutions are not self-sufficient because their internally generated revenue is not properly accounted for, Chief Operating Officer of an e-solutions firm, Payment Technology Limited , Adetunji Osho, has said.
The Paytech chief said a consultancy agreement with the Lagos State government on revenue collection automation in its tertiary institutions is not a revenue collection drive but a central e-monitoring tool. “Our platform clearly shows that IGR collection and management can end the Academic Staff Union of Universities strikes, as enough money is collected as IGR from state tertiary institutions. States can do proper budgeting on a scientific and accurate basis.
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