In a bid to address the pressing needs of Nigerian universities, President Bola Tinubu has put forth a recommendation for public-private financing. This innovative approach aims to provide the necessary resources to uplift the standard of university education in the country.
Tinubu made this proposition on Monday during the momentous 37th and 38th convocation ceremonies of the University of Ilorin, UNILORIN, in the capital city of Kwara state. Although the President was unable to attend the event personally, he entrusted the task of delivering his message to the esteemed Minister of State for Education, Yusuf T. Sununu.
During his address, Tinubu urged corporate bodies, communities, and individuals to extend their support to public universities. He emphasized that around the globe, it is common practice for public universities to rely on government funding while also seeking additional financial support from private sources.
“The Federal Government has taken a significant step by enacting the Students’ Loan Act, which will undoubtedly transform the educational landscape in Nigeria,” proclaimed the President. This groundbreaking legislation aims to foster the much-needed collaboration between the public and private sectors for the benefit of higher education in the country.
Tinubu further affirmed, “Our government will continue to be at the forefront of ensuring impactful education for all. We are dedicated to providing lecturers and students with state-of-the-art facilities that will enhance their individual capacities.”
