We’re Laying Foundation For A Diversified Economy – Tinubu

President Bola Tinubu has said his administration has prioritised education in its policies and funding initiatives as outlined in the National Development Plan (NDP) for a diversified economy.

The president, represented by director, Universities, Federal Ministry of Education, Hajiya Rakiya Gambon Iliyasu, spoke yesterday at the 42nd Founders’ Day and the 33rd convocation of the Federal University of Technology, Minna.

He said, “We are laying the groundwork for a diversified economy by investing in critical infrastructure, innovation, and capacity building. Through the Nigerian Education Loan Fund (NELFUND), we have made significant strides in supporting students across tertiary institutions.

“To date, NELFUND has disbursed over N104 billion in loans, benefiting more than 600,000 students, ensuring that financial challenges do not hinder access to quality education. Additionally, in the 2025 budget, we have allocated ₦940.5 billion to TETFund, a testament to our commitment to improving educational infrastructure and manpower.”

He stated that his government remains resolute in addressing challenges in the education sector, including ensuring industrial harmony in universities, taken steps such as the renegotiation of the 2009 agreement with university staff unions and the resolution of salary issues.

He therefore urged the graduates to embrace the opportunities that lie ahead as they have been equipped with knowledge and skills to innovate and contribute to the society.

Niger State governor, Mohammed Umaru Bago who was among the three conferred with Honorary Doctorate Degree Causa, announced a cumulative N500 million endowment for the university in the areas of Agriculture, entrepreneurship and technological innovations.

Other recipients of honorary doctorate degrees, Governor Uba Sani of Kaduna State and Senator Mohammed Sani Musa representing Niger East, appreciated the efforts of the university and acknowledged the innovations at the university.

The vice chancellor of the university, Prof Farouk Adamu Kuta disclosed that 5,816 students graduated and that the university has opened linkages that have improved innovative research and learning.