Nigerian universities may soon receive increased autonomy to explore new avenues for funding their activities. This move is aimed at promoting creative means of financing tertiary education in the country.
The Minister of Education, Prof. Tahir Mamman, made this announcement at Nigeria’s Annual Education Conference (NAEC) in Abuja on Monday, September 11.
He emphasized that university autonomy and the Students Loans Fund, among other emerging trends, are essential components of education financing in alignment with national education goals and international agendas like the Sustainable Development Goals (SDGs) and the African Union Agenda 2060.
He said;
“As a signatory to the SDG 2030 and AU Agenda 2060, Nigeria must continue to demonstrate its commitment to achieving these goals through leadership and ownership of the implementation process. The education sector is one of the line sectors that ensure that planning and budgeting in the country are within the framework of the SDGS.“In proposing and developing implementation strategies, also provide for mechanisms for constant monitoring and evaluation, to ensure goals are achieved.”