Government Cannot Afford Funds To Revive Educational System In Nigeria — President Buhari
President Muhammadu Buhari has said the Nigerian government cannot afford the amount of funding needed to revive the country’s educational system. Buhari also said the competition for funds had become keener because of the recent increase in the number of tertiary institutions in Nigeria.
The president spoke on Saturday at the 49th convocation ceremony of the University of Nigeria, Nsukka. He said the financial situation had been worsened by the global economic downturn, which also affected the national revenue.
Buhari, who was represented at the ceremony by the Minister of State for Education, Emeka Nwajiuba, however, said his administration was committed to addressing the needs of tertiary institutions through budgetary allocations to the Tertiary Education Trust Fund (TETFUND).
“I am optimistic that the on-going drive to diversify the national economy will provide the government with additional resources to improve funding for the education system,” he said.
The president said the universities should also leverage other funding sources, such as from alumni, friends, the private sector, institutional linkages, and research grants, to attract additional revenue for infrastructure, research, and development.
“We must also address the problems of poor work ethics and the albatross of prolonged and recurrent industrial actions by staff of universities,” the president stated.