The Vice Chancellor of Ajayi Crowther University (ACU), Oyo, Professor Timothy Adebayo, has called for the law establishing the Trust Fund for Tertiary Education (TETFUND) to be modified to accommodate the country’s private universities.
He made the appeal at a press conference held on Monday in Oyo, prior to the institution’s convening ceremony.
It also reports that a total of 990 students graduated in 2019/2020, of which 51 made first class, while 1,165 graduated in 2020/2021 session, with 34 in first class.
While he identified funding as a major challenge facing private universities in Nigeria, he said that the staff and students of private universities should not be deprived of the right to benefit from public funds.
The chancellor noted that private universities also need grants to ease the pressure on public universities in terms of admissions.
Adebayo said private universities had been helping to mitigate pressure on public universities but were nevertheless hampered by funding.
He said most of them were not receiving grants from any source other than the tuition paid by philanthropists.
“As in the last count, Nigeria has 99 private universities. Giving them a grant will alleviate the funding problem and mitigate the fee charged.
“Education is one of the vital tools that cannot be completely privatized,” he explained.
Previously, the rector said that the special and combined convocation ceremony would include the inauguration of the completed projects at the institution.
He said the 2020 call that was stagnant would be combined with the 2021 call.
Adebayo said the combined convocation ceremony 12 and 13, which began on November 27, would end on December 4.
According to him, the delivery of diploma and first degree will take place on December 3, while that of postgraduate and honorary degrees will take place on December 4 .
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