FG proposes N470bn for universities, says FG alone can’t fund tertiary education

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

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


Buhari said his government noted “with dismay the crisis that has paralysed activities in the public universities in the country.”


He 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.”


He added that “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.”

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