Nigerian president, Muhammadu Buhari has revealed that the federal government is incapable of financing universities alone in Nigeria.
Buhari made this known while speaking at the 2020 convocation and 72nd foundation day celebration of the University of Ibadan on Tuesday. According to the president, the universities should make themselves attractive to the private sector.
He also urged the private sector to be actively involved in financing universities in the country because the weight is too much for the government alone.
“It is my expectation that universities will make themselves attractive to the private sector, define their roles and carve out a niche by designing programs that will progressively assist the Government in addressing poverty reduction, improving the health sector.”