Africa’s richest entrepreneur Aliko Dangote yesterday gave the University of Ibadan (UI)
N250 million. He made the donation after
receiving a honorary doctoral degree at the convocation and 68th Founder’s Day
ceremony yesterday. In his speech, the business
mogul said the Federal Government should give University of Ibadan a special status to attract
He said: “We do acknowledge that the Federal Government alone cannot shoulder the burden of funding tertiary education due to competing needs of other sectors also demanding attention. This is where Public Private Partnership (PPP) comes in. I strongly believe the private sector must go beyond the payment of the two per cent Education levy to join hands with the governments in funding tertiary education in Nigeria.”
President Muhammadu Buhari, in his address, urged tertiary institutions to produce graduates with entrepreneurial skills. He lamented that the standard of education has succeeded in creating three classes of Nigerians – a minority that is well educated, a majority that is poorly educated and those without education. Describing this as bad for the nation, Buhari said efforts must be put in place to reverse the trend.
The President, who was represented by a Director in the Federal Ministry of Education, Hajiya Fatima Mohammed, reiterated his administration’s commitment to qualitative education, with the participation and support of stakeholders.
The Vice Chancellor, Prof Idowu Olayinka, said the university was being repositioned to compete with “globally acclaimed best universities”. He announced a new faculty; Agriculture and Renewable Natural Resources, and the splitting of Department of Economics into Economics, Accounting, Business Administration and Banking and Finance.