Look Beyond Govt For Funding, Tinubu Tells Varsities

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Look Beyond Govt For Funding, Tinubu Tells Varsities
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President Bola Ahmed Tinubu has assured Nigerians that the removal of fuel subsidy will bring a long- term benefit to the country.

This is even as the president challenged Nigerian public universities not to depend only on funding from the federal government but should also adopt private -public financing methods to augment their revenue.

“It was in realisation of this that the federal government signed into law the students ‘s loan which will positively change the landscape of education in Nigeria.“I call on corporate bodies, communities and individuals to support our universities. The practice all over the world is that public universities benefit heavily from government funding but also augment their income through private financing. A popular method is endowment. Assets are donated to them to generate investment income.

Tinubu charged the graduates to be good ambassadors of their parents, the school and the nation in their future endeavours, urging them to always go for gold in their endeavours.

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