On Monday President Bola Tinubu has recommended public-private financing for Nigerian universities.
The President added that Nigerian universities would get the required resources they desperately need to elevate the level of university education in the country with the right mix of public and private financing.
Tinubu stated this in Ilorin, Kwara state capital at the 37th and 38th convocation ceremonies of the University of Ilorin, UNILORIN.
The President, who was represented by the Minister of state for Education Yusuf T Sununu, called on corporate bodies, communities and individuals to support public universities.
“The practice all over the world is that public universities benefit heavily from government funding but also augment their income through private financing.
“It was in realisation of this that the Federal Government signed into law the Students’ loan which will positively change the landscape of education in Nigeria.
“Our government will continue to champion the cause of impactful education as well as ensuring that both lecturers and students are provided the best facilities to enhance their individual capabilities,” Tinubu said.