Governor of the State of Osun, Ogbeni Rauf Aregbesola, has described the
situation where operators of Universities in Nigeria rely on subvention
from owners and burden students with humongous tuition fees as
intellectual laziness.
The Governor observed this at the formal opening of the access road to
the University of Osun, at the entrance to the university in Osogbo.
‎He held that Nigerian universities should adopt world best practices
where schools‎ raise funds through endowments, grants and donations from
the larger society, which is the primary beneficiary of university
education.
UNIOSUN Chancellor, Mrs Folorunso Alakija, richest woman in Nigeria, was
said to have assisted the university with the sum N250 million, which
was the amount needed to complete the road project.
‎Aregbesola averred that university funding anywhere in the world is
capital intensive and requires help from philanthropist like Mrs Alakija
to boost education system.
He commended her gesture, ‎saying it’s a refreshing perspective on
funding for education, particularly the university, which requires a
huge financial outlay.
funding for education, particularly the university, which requires a
huge financial outlay.
