• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, August 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Budgetary Allocations Cannot Sustain Public Varsities – Osinbajo

by Jonathan Nda-Isaiah
3 years ago
in News
osinbajo
Share on WhatsAppShare on FacebookShare on XTelegram

Vice President Yemi Osinbajo has said that given that budgetary allocations alone cannot sustain the running of public universities, the future of the university system depends on the adoption of independent but creative sources of funding, including the establishment of an endowment fund.

Advertisement

Osinbajo was speaking on Thursday when he hosted a delegation from the Olabisi Onabanjo University (OOU) on a courtesy visit to the Presidential Villa. The team was led by the institution’s Vice Chancellor, Prof. Ayodeji Abgoola.

“Funding in the university system (public universities) has to be diversified. The system has to find a way to sustain itself. We really have to look carefully at how universities can make money independently. Whether it is an endowment or some other way, adopting a business model.

“All of the great universities around the world have endowment funds. Raising money through independent sources for funding university education is a serious matter,” the vice president in a statement by his media aide, Laolu Akande.

The VP urged the management of OOU to adopt other approaches to funding its activities, noting that “depending on government alone or the TETfund for development of infrastructure is not sustainable.

RELATED

PDP And The Road To 2027

PDP And The Road To 2027

10 minutes ago
Bauchi Gov Launches 2025 Wet Season, Subsidised Fertilizer

Bauchi Records 70% 2025 Budget Performance

16 minutes ago
ADVERTISEMENT

“I encourage you to create an endowment fund, in addition to the other approaches that you will adopt. Olabisi Onabanjo University can become a model for others but it has to have independent sources of raising funds.

“There should be serious-minded people running the endowment office. This is the future and way forward for the university system in Nigeria. If you do it well, the university will really excel.”

Earlier in his remarks, Agboola thanked the VP for his selfless contribution to the growth of the University especially as a pioneer lecturer in the Faculty of Law, building it from scratch.

ADVERTISEMENT

He recollected how the VP mentored many law students at the University and his support in entrenching the culture of research at the institution.

The VC also made a presentation to the Vice President on the current state of the University, its challenges and projections for the future, seeking more support, especially in the area of infrastructure development.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10181Tweet6363Share
ADVERTISEMENT
Previous Post

Western Hypocrisy Loses In Epic Qatar Match

Next Post

Minister, Others Celebrate Veteran Journalist, Eugenia Abu At 60

Jonathan Nda-Isaiah

Jonathan Nda-Isaiah

You May Like

PDP And The Road To 2027
Backpage

PDP And The Road To 2027

2025/08/28
Bauchi Gov Launches 2025 Wet Season, Subsidised Fertilizer
News

Bauchi Records 70% 2025 Budget Performance

2025/08/28
Niger Republic Prime Minister, Others Celebrate Hausa Day In Daura
News

Niger Republic Prime Minister, Others Celebrate Hausa Day In Daura

2025/08/28
BREAKING: Federal Gov’t Reverses 18-yr Entry Age For Varsity Education
News

Federal Gov’t Urged To Review Ban On New Varsities, Others

2025/08/28
Food Security: Gombe To Be Enlisted As Participating State In World Bank-assisted Spin Project
News

ACReSAL Hails Governor Yahaya Over Gombe’s Environmental Restoration

2025/08/28
Tinubu Gov’t Will Harness River Basins’ Potential To Boost Food Security — Minister
News

Minister Reaffirms Commitment To Waterway Safety

2025/08/28
Leadership Conference advertisement

LATEST

PDP And The Road To 2027

Bauchi Records 70% 2025 Budget Performance

Niger Republic Prime Minister, Others Celebrate Hausa Day In Daura

Federal Gov’t Urged To Review Ban On New Varsities, Others

ACReSAL Hails Governor Yahaya Over Gombe’s Environmental Restoration

Minister Reaffirms Commitment To Waterway Safety

Group Lauds Tinubu, Armed Forces Over Ansaru Breakthrough

We’ll Drive Nigeria’s Devt With Tech, Food Security – Tinubu

Entries Open For Diamond Awards For Media Excellence

‘Public-Private Support Networks Will Boost Women’s Participation In Politics’

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.