President Muhammadu Buhari has declared that the burden of financing universities in Nigeria is too much for government alone to bear
The President called on the private sector to be involved in the funding of the country’s higher institutions.
Buhari made this declaration while speaking at the 2020 convocation and 72nd foundation day celebration of the University of Ibadan.
He added that there is need for authorities to task themselves by wooing private sector.
Buhari who was was represented by the Executive Secretary, National Universities Commission, NUC, Prof Abubakar Rasheed.
He said: “It must be noted that the government alone cannot carry the enormous burden of financing education. The private sector must be actively involved in the task of providing quality education for Nigerians.
“It is my expectation that universities will make themselves attractive to the private sector, define their roles and carve out a niche by designing programmes that will progressively assist the Government in addressing poverty reduction, improving the health sector.”
He also warned heads of governing councils of not to abuse the process of appointing vice-chancellors..
“Pro-Chancellors, in their dual role as chairpersons of governing councils and chairpersons of the five-person selection committee for the appointment of Vice-Chancellors, must be prepared to bear full responsibility for the management or mismanagement of the process.”