Dr. Rahman Adedoyin, proprietor of Oduduwa University Ipetumodu (OUI), Ile-Ife, over the weekend stated that Nigerian private universities and polytechnics do not need any support and intervention from the government.
He made it known that since founders of private educational institutions have the independence of charging tuition fees and generating revenues, they should be able to cater for their needs, most especially in providing qualitative education to their students.
Dr. Rahman Adedoyin made this known in an interview with pressmen in Ile-Ile over the weekend.
“I am one of those people who say we don’t need government’s intervention or money. That is also the argument of government. They said private universities charge any amount of money they like as fees and they should not expect the government to give them money after this,” he stated.
Adedoyin also made it known that the government knows what to do but has not done it. He stated that government knows the advantages of private institutions and most people prefer to attend private universities but they don’t have the means to do so.
While describing the establishment of private universities and polytechnics as a lucrative business, he observed that gestational period, regarding profit margin for such educational ventures, maybe up to fifteen to twenty years.
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