Minister of Finance, Ngozi Okonjo-Iweala, has said
that with the high demand for university education in
Nigeria, the future of private tertiary institutions in
the country is bright.
She added that Nigeria was on the path of
addressing the problems in its education with the
injection of N220bn annually to infrastructural
development in the universities.
She spoke at an event in Oduduwa University, Ipetu
Modu, Osun State, where the minister and Governor
of Central Bank of Nigeria, Lamido Sanusi, were
respectively conferred with honourary doctorate
degree of science in accountancy and economics
on Saturday.
Okonjo-Iweala expressed optimism in prompt
physical infrastructural development of the
country’s universities, revealing also the Federal
Government plan to support privately-owned
tertiary institutions in the country.
She said, “The increasing demand in tertiary
education suggests that there is great protection for
private investment in tertiary education in Nigeria to
thrive.
“As we continue to invest in critical infrastructure
and provide practical-oriented curriculum, we will
arrive at what graduates in this country need to
survive.
“Our tertiary education system is facing enormous
challenges, which this country must urgently
address. The Federal Government is deeply
committed to the provision of good education by
tackling the problems of tertiary education and has
set aside additional N220bn annually to be able to
address infrastructural problems in our tertiary
institutions.
“We know that we will need to do more as the years
go by but the political will to perfect the business of
tertiary education in this country is present in the
administration of President Goodluck Jonathan.”
The minister said that the Federal Government
acknowledged the place of quality education in the
nation’s development but stressed that the desired
excellence could only be achieved with the genuine
partnership with the private sector.
“Quality education will have positive impact on our
economy, therefore, both public and private sectors
will need to work together to reach our desired
goal,” she said.
Sanusi expressed optimism that partnership of
private and public sector would develop the nation’s
economy to the desired capacity.
“Nigeria has a long way to go but the government
will like to assure the nation that with the support of
the private sector, the country has a great future,”
he said.
http://www.punchng.com/news/private-varsities-future-bright-says-okonjo-iweala/

She spoke at an event in
Oduduwa University, Ipetu
Modu, Osun State, where the
minister and Governor of
Central Bank of Nigeria, Lamido
Sanusi, were respectively
conferred with honourary
doctorate degree of science in
accountancy and economics on
Saturday.

when was the school established that they started awarding 2 honorary PhD award?

@topic! How does that affect the public universities' resumption?

Of course the future of private universities are bright in Nigeria, but why must the public educational system be destroyed and be left on it knees..
Could it be because, those in power who are also administrators of these private universities want their schools to be patronized..
I remembered few years back, the standard of public primary schools in Nigeria was top notch, many of these civil servants at the ministry of education then went on to set up private primary schools, they starved these primary schools of fund and teachers were neglected, parents who wanted there wards to get a good elementary education had no choice but to put there wards in private school.
The same can be said for Model, Federal government and state schools. Any student who gained admission to the FGCs of the past, would be really proud of himself, likewise his family and peers.. But those schools have been neglected today, because most of these sycophants in power have private secondary schools...
With the current events in our tertiary institutions, and the number private universities springing up by the day.. It safe to say the decay in our polytechnics and universities is intentional