The Tertiary Trust Fund (TETFund) made it known that private tertiary institutions across the country cannot be funded by the Federal Government because they have only six per cent of the total student population while public institutions have ninety-four per cent.
The Education Trust Fund noted that although the number of private and public universities in Nigeria was about the same, there was justification for funding only public institutions because of the overwhelming student population, most of who were underprivileged.
Prof. Elias Bogoro, TETFund Executive Secretary, disclosed this at a press conference in Abuja on Tuesday, noting that from 2020, TETFund would establish centres of excellence across universities to boost research and development.
“We have gone beyond the idea of not funding private universities. There is justification for government and ASUU for insisting that private institutions should not be funded. The numbers of private and public universities are about the same in the country, but not the student population.
“I have said before that, public institutions have 94 per cent students while private is less than six per cent. So there is justification in our law that we are not funding private universities. We are funding public institutions because that is where the majority of the students are and particularly, the children of the underprivileged,” Bogoro stated.
I am Olamide George Nneka, a graduate of Mass Communication from Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria. Reach me via email@example.com