Federal Government Alone Can’t Fund Tertiary Education – Buhari Says As He Proposes N470Bn For Universities

The Federal Government has included N470 billion for revitalization and salary enhancements in the tertiary institutions in the 2023 budget.

President Muhammadu Buhari disclosed this on Friday during the budget presentation to a joint session of the National Assembly.

Buhari said his government noted “with dismay the cris!s that has par@lysed activities in the public universities in the country.”

He said;

“Expected the staff of these institutions to show a better appreciation of the current state of affairs in the country. In the determined effort to resolve the issue, we have provided a total of 470.0 billion in the 2023 budget from our constrained resources, for revitalization and salary enhancements in the tertiary institutions.”

Buhari also said it is instructive to note that the government alone cannot provide the resources required for funding tertiary education.

“In most countries, the cost of education is jointly shared between the government and the people, especially at the tertiary level. It is imperative therefore that we introduce a more sustainable model of funding tertiary education.”

“The government remains committed to the implementation of agreements reached with staff unions within available resources.

“This is why we have remained resolute that we will not sign any agreement that we would be unable to implement.

“Individual institutions would be encouraged to keep faith with any agreement reached in due course to ensure stability in the educational sector.”