President Muhammadu Buhari has stated that the Federal Government had approved funds for the payment of deserved allowances and the revitalization of universities.
Buhari stated that his administration has “consistently paid considerable attention to the issue of university funding,” which he characterized as a key challenge affecting the Nigerian university system and the principal cause of recurrent industrial action in the ivory towers.
The President spoke at the 5th and 6th combined convocation ceremonies of the Federal University, Oye Ekiti, where 2,599 students graduated across all departments. He was represented by a Director in the National Universities Commission, John Ahmadu.
Mathew Oguche, Attah Igala and Chancellor of FUOYE; Dr Nuhu Yakubu, former Rector of Kaduna Polytechnic; and Victoria Samson, owner of Bovas Petroleum Limited, all received honorary doctorates from the college.
Buhari stated that his administration managed university finance concerns “via several sources, including education budgets across various Ministries, Departments, and Agencies, but most notably through the Federal Ministry of Education and the Tertiary Education Trust Fund.” We will not back down from this vow as a government.
“Through increased finance and infrastructure development, we will continue to support the university system.” In this regard, my government has repositioned the TETFUND to address infrastructure shortfalls in our tertiary institutions.
“As proof of our dedication to university worker welfare, the Federal Government recently provided funding for the payment of Earned Allowances as well as the revitalisation of universities.” “We will continue to do more within the constraints of available resources while keeping other competing national demands in mind,” he said.