General news

Buhari unveils CBN ‘Centre of Excellence’, pledges more funding to education sector

Published

on



President Muhammadu Buhari on Thursday unveiled a “Central Bank of Nigeria (CBN) Centre of Excellence”  at the Ahmadu Bello University (ABU), Zaria .

Buhari, while inaugurating the centre, which was built by the CBN, pledged more funding to the education sector.

He said that he would accord education priority attention in his second term by making it as affordable, qualitative, and competitive as obtainable in developed countries.

The President lauded CBN for supporting the Federal Government’s investments in the education sector as well as other key areas of the economy tied to the overall development of the country.

He urged the bank to extend such funding support to research to ensure economic development of the country.

The CBN Governor, Mr Godwin Emefiele, said that the bank would remain committed to providing funding and infrastructural support to the education sector.

According to him, the bank’s involvement in the sector is based on the conviction that an educated workforce has a critical role to play in the advancement of the Nigerian economy.

Emefiele said that the bank’s analysis of the factors responsible for the growth of successful economies, indicated that investment in education could played a prominent role in driving innovation and growth in advanced and emerging economies.

He noted that education also contributed to significant reductions in inequality.

The CBN governor said that the apex bank, being a knowledge-driven organisation, had to ensure that it sustained efforts at improving  learning in institutions of higher learning nationwide.

According to him, the project is designed to accommodate the bank’s Collaborative Postgraduate Programme (CBN-CPP), which he describes as a child of necessity in the bank’s intervention programme in the education sector.

Emefiele explained that the project was conceived to produce a critical mass of skilled professionals that would be able to apply their knowledge toward supporting growth and continued innovation in the country’s financial sector and the economy in general.

“This is against the recognition that the dearth of skilled manpower constituted a binding constraint toward making Nigeria the number one hub for economic activity in Africa.

“The three first generation federal universities in the country across the six geo-political zones were selected under the first phase of the intervention programme.

“They are Ahmadu Bello University (ABU), Zaria; University of Ibadan (UI);  and the University of Nigeria (UNN), Nsukka,” he said.

He said that the programme was later expanded to include six other tertiary institutions across Nigeria.

According to him, the centres are nearing completion in the institutions.

https://nnn.ng/buhari-unveils-cbn-centre-of-excellence-pledges-more-funding-to-education-sector/

13 B/Haram terrorists, 23 family members surrender to troops in Borno -DHQ Malami donates N11m to Kebbi flood victims Jos airport renovation 95 per cent completed – Manager FG mulls policy on zero rating for educational websites Tourism Day: Nigeria to leverage on tourism to boost grassroots devt.- Minister Buhari’s policies yielding fruitful results – Gov Bagudu Ministry to create platform for lifting 100m Nigerians out of poverty Oil palm growers commend Buhari, CBN for empowering small holder farmers Nigerians renew call on Multichoice, others on pay as you go tariff NIHOTOUR will work with private sector for sustainable development of tourism -Kangiwa Men like Justice Karibi-Whyte, difficult to find anymore -NBA President Gov. Wike describes late Karibi-Whyte as a super hero, incorruptible jurist Inter hits two late goals to beat Fiorentina 4-3 Beaten Betis coach Pellegrini blames VAR in defeat to Real Madrid COVID-19: Nigeria cases now 58,198 with 49,722 discharged Ministry official advocates regular dog vaccination to end rabies by 2030 COAS inspects ongoing projects in Army Super Camp, Ngamdu School resumption: Expert advocates provision of clean water to check spread of infections Armed Forces College holds memorial service for 1992 Ejigbo plane crash victims Increased tariff: Previous administration created problem in power sector Scores of terrorists killed in massive airstrikes on hideouts in Borno – DHQ Wike promises early completion of 258-bed mother, child hospital in Port Harcourt Yobe IPAC agrees with LG elections postponement Brazil court postpones league game after several COVID-19 positive tests Don charges media on changing maternal health narratives FG hands over Ogoni remediation sites to NOSDRA for scientific analysis Chilean team discover match postponed after 1,500 km trip Buhari condemns attack on Gov. Zulum’s convoy, killings of security agents Edo election: We have learnt our lesson — APC Environmental: Kano Govt deploys 1,000 sanitation vanguards Christian women pray over insecurity in Jos Chelsea recover from 3 goals down to draw at West Brom Ondo 2020: No plan to collapse our structure for another party – ZLP Structure NGO tasks youths on self-development, empowers 100 with N200, 000 each FG set to address flooding as HYPPADEC takes off soon Students honour FRSC Oyo State sector commander Governors’ Forum pleads with labour unions to shelve planned strike Gov. Matawalle inaugurates planting of 10,100 trees in Zamfara Ortom condemns attack on Gov. Zulum’s convoy Shelve economic shutdown, Buhari deserves commendation – Group tells labour unions Everton win again after penalty kick controversy at Crystal Palace PRP NWC passes vote of confidence on National Exco Tennis: Second seed Pliskova hoping to be fully fit before opening match World Bank spent N90bn on community projects in 11 years – official Caligiuri leads Augsburg to stunning 2-0 win over Borussia Dortmund Manchester United earn dramatic win at Brighton with late penalty kick 100, 000 traders to benefit from “Trader money” in Kwara Pathfinder University confers professorship on Dabin, former Plateau PDP chairman COVID-19: Fayemi sympathises with Ekiti hoteliers, gives palliatives Fistula Foundation treats 37 VVF patients in free surgery campaign in Sokoto