The Tertiary Education Trust Fund TETFUND has explained that private tertiary institutions in Nigeria cannot be funded by the Federal Government because they have only six per cent of the total student population while the public institutions have 94 per cent.
The Executive Secretary TETFUND, Prof Elias Bogoro, at a press briefing in Abuja, said from 2020, TETFUND would establish centres of excellence across universities to boost research and development. He noted that although the number of private and public universities in the country was about the same, there was justification for funding only public institutions because of the overwhelming student population, most of who were underprivileged.
Prof Bogoro said, “We have gone beyond the idea of not funding private universities. There is justification for government and ASUU for insisting that private institutions should not be funded. The numbers of private and public universities are about the same in the country, but not the student population.
“I have said before that public institutions have 94 per cent students while private is less than six per cent. So there is justification in our law that we are not funding private institutions. We are funding public institutions because that is where the majority of the students are and particularly, the children of the underprivileged.