The National Universities Commission (NUC) with stakeholders in the education sector has proposed the sum of N823 billion for the reform of the country’s university education system.
Dr. Noel Saliu, the Director of Accreditation, National Universities Commission (NUC), disclosed this while addressing the high rate of unemployment and shortage of skills acquisition in the country.
Dr. Saliu, in his presentation at a media stakeholders’ interactive session with the Organized Private Sector (OPS), on “Revitalization of Higher Education in Nigeria” in Lagos, said that the objective will be achieved through the Triple Helix of University-Industry-Government relationship model which was adopted by the Nigerian Economic Summit Group (NESG).
“The implementation of the five-year plan is expected to cost N823 billion. The cost-sharing scheme proposed for carrying the funding burden is 75 per cent by the proprietor, 20 per cent from internally-generated revenue of the university and five per cent from other sources including Alumni, endowment and donor support,” he stated.
He noted that the lack of continuity of administration and short tenure of many Ministers of Education remains a key challenge to the university system in the country, adding that by 2023, the Nigerian university system will be the best in Africa in the delivery of quality university education.
“By 2023, access to university education should have increased by a factor of 20 per cent over 2018 figures. By 2023, the curriculum of Nigerian universities should be rated among the best three in Africa in terms of its relevance to producing nationally and regionally-relevant graduates who are high-level human resources for delivering on Africa’s Vision 2063 and addressing global SDGs.
“By 2023, at least 30 per cent of facilities for teaching, learning and research should have been upgraded to meet international standards and maintained thereafter,” he added.
The Chief Executive Officer of the Nigerian Economic Summit Group (NESG), Laoye Jaiyeola, who was also present at the interactive session also said, “Skills gap among school leavers and graduates have become a major cause of youth unemployment in Nigeria as the country’s education system does not provide adequate training in skills fit for productive work”.