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FG: Varsities must account for funds before complaints



FG: Varsities must account for funds before complaints

The Federal Government has challenged the management of Nigerian universities to be more accountable in the utilization of funds accruable to them, accusing them of demanding for more without accounting for what they already have on ground. According to President Muhammadu Buhari, the Visitor to the University of Lagos (UNILAG), who spoke during the institution’s 49th convocation, public universities were not accessing and making judicious use of funds from the Tertiary Education Trust Fund (TETFUND) and the NEEDS Assessment special intervention funds. Buhari, who was represented by the Executive Secretary of the National Universities Commission (NUC), Prof. Abubakar Rasheed, said his administration was well aware of the numerous challenges facing the nation’s universities.

He said: “Critical among the challenges that require urgent attention are those relating to access without undermining quality, infrastructure and facilities, curriculum, quality assurance, governance and funding to mention a few.

“However, it is worrisome that some Nigerian universities are still not demonstrating adequate capacity for fund utilisation despite the need and clamour to increase funding.

“I am made to understand that some universities still find it difficult to access funds from TETFund because they lack the commitment for the release of the requirements of such funds.

In the same vein, there are hiccups to the utilisation of the NEEDS Assessment funds for the revitalisation of our universities because some universities have not still been able to meet the requirements for further release of such funds.

“I implore pro-chancellors and vice-chancellors of Nigerian public universities to take advantage of the initiative to enable universities to efficiently and effectively meet up with their teaching, research and community development mandate.” Buhari further charged university managers to be accountable for funds they get, saying: “Funding is not just about making funds available, but also include judicious management of available funds.

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  1. Pingback: FG: Varsities must account for funds before complaints — New Telegraph - Naijaray Headline

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