The Pro-Chancellor of Crawford University, Igbesa, Oye Ibidapo-Obe, on Wednesday, according to Premium Times, has said that Nigerians spend almost a trillion naira annually to study abroad.
The former Vice-Chancellor of the University of Lagos (UNILAG), disclosed this in his address at the 10th convocation of the faith-based Crawford University, Igbesa, Ogun state.
Ibidapo-Obe, who is a Professor, said it was pertinent for the country to look into how education policy makers would encourage private universities to bring out their best.
“The advent of private universities in our nation some twenty years ago opens to us great possibility of providing greater and even more qualitative access to higher education.
“With the recent, very encouraging development from these new entrants, we can see that we are entering into a new era of quite exciting competition between the private higher education providers and the public institutions.
“With this scenario, the most discerning of the education policy-makers should reason that private varsities need to be encouraged to bring out their best in this regards.
“In addition, this move by government will make these private universities more efficient and attractive to Nigerians that are annually sending their wards to foreign universities at the cost of N1trn every year,” he stated.
The University introduced Ibidapo-Obe as its new Pro-Chancellor and also recognized the attendance of the past Vice-Chancellors who have nurtured the institution from its cradle.