The N95 billion disbursed by the
Federal Government for
educational purposes, has been
seen as insufficient to solve all
the problems currently facing
tertiary institutions.
Speaking to Vanguard Learning,
the secretary of ASUU at the
Lagos State University (LASU), Dr.
Jimoh Abayomi stated that the
N95 billion will be inadequate to
solve the problems currently
facing the tertiary institutions.
When asked if the money
disbursed by the Federal
Government will be enough to
solve the problems facing
tertiary institutions, Dr. Jimoh
Abayomi stated; “That is an
obvious no, unless there will be
provision of regular funding by
the Federal Government.” He
believes that there will be a
boost in the education sector but
only if the government provides
regular funding.
He also stated that the money
should not be given to the vice-
chancellors. His words; “The
money should be given to the
Budget Monitoring Fund(BMF) as
they can easily help to plan and
execute projects of given
institutions.” Funds have been
highly mismanaged, not only in
the education sector, but other
sectors of the nation. The
education sector should be
regarded as highly important if
any country desires to move
forward.
Much has been said about the
state of education in our
country, but not until recently,
when the Federal Government
earmarked an estimated N95
billion for intervention in
Nigerian universities,
polytechnics and colleges of
education through the Tertiary
Education Trust Fund. Each
beneficiary university is
expected to receive about N598
million, each polytechnic N339.5
million and college of education
N321 million.
According to the Minister of
Education, Professor Ruqayyatu
Ahmed Rufa’i; “over the last
couple of decades, the right
priorities in education were not
addressed, our institutions
continue to grapple with
enormous expenditure outside
their core mandates.” She further
said that “to restore the vibrancy
of our institutions and achieve
the the desired outcomes, we
must get our priorities right and
manage our institutions
transparently.”

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