President Muhammadu Buhari on Tuesday noted that the Federal Government alone can’t finance universities in Nigeria.
According to Buhari, private organizations must be involved in funding universities because the government can’t handle the requirements alone.
Buhari who was represented at the 2020 convocation and 72nd foundation day celebration of the University of Ibadan on Tuesday by the Executive Secretary, National Universities Commission, NUC, Prof Abubakar Rasheed, said universities should make themselves attractive to the private sector.
He called on universities to create programmes that would help his government in reducing poverty and improving the health sector.
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.”