No Plan to Sell Varsities to Private Investors, Says FG

July 17, 2024

The Federal Government yesterday restated that it has no plan to sell public universities to private investors.

Minister of Education Prof. Tahir Mamman, during a meeting yesterday with heads of agencies, parastatals and directors in the ministry, described the report as ‘an absolute lie and completely false’.

He said: “This government believes in the provision of government institutions and has not shied away from the force that the government needs from the private sectors. For decades now, private sectors have played a major role in the provision of tertiary education, and there are more private universities in Nigeria than public universities combined.

“What the government has done is to open up the tertiary education level, in particular, the universities for global competitiveness that allow those who operate in this area at international level to come into the country and set up institutions open for collaboration with our local universities under guidelines of what is called trans-national education.”

Mamman explained that other parts of the world had benefited from having international institutions setting up campuses or new institutions in those countries, which had taken standards in those countries.

“They have also saved those countries foreign exchange and brought more money into the country and that is what the government has done, it has opened up tertiary education so that people from the rest of the world can invest in our tertiary institutions system. Government is not parting with any of its institutions,” the minister said.

He also said the meeting was important to assess their mileage, the direction taken in the implementation of key policies and review progress, possible challenges and also reaffirm commitment to overcome all the challenges.