FG sets up N3bn National Research Fund

No Comments » March 22nd, 2016 posted by // Categories: Higher Education in Nigeria



 

ECONOMIC CONFIDENTIAL

FG sets up N3bn National Research Fund

By Tayo / in Featured Post / on Monday, 21 Mar 2016

The Federal Government has set up a N3 billion National Research Fund.

President Muhammadu Buhari made the disclosure in Sokoto  in a message to the Joint 32nd, 33rd and 34th Convocation and 40th Anniversary of the Usman Danfodiyo University, Sokoto.

The President, who was represented by the Executive Secretary, National Universities Commission (NUC), Prof. Julius Okojie, said that the fund was set up to help the various universities to undertake meaningful researches that would touch the lives of Nigerians.

Buhari explained that such researches were aimed at solving the myriad of problems facing Nigeria currently.

He  specifically charged the nation’s universities to undertake researches in solar and other renewable energy sources.
“Universities should also be vanguards in the diversification of the nation’s revenue sources in view of the falling prices of crude oil in the world market.

“Universities should also rack their brains and come up with alternative sources of sustaining the nation’s economy,’’ Buhari said.

He further expressed the commitment of the Federal Government to continue to be alive to its responsibilities to the education sector, adding that  this commitment led to the increase in the budgetary allocation to the sector in 2016.

The president urged the Organised Private Sector and other stakeholders to complement the efforts of the government in funding education at all levels.

The Chancellor of the University and Oba of Lagos, Oba Rilwanu Akiolu, solicited support of President Buhari in ensuring the success of the ongoing war against corruption, stressing that `Buhari is a focused, patriotic, pious and committed leader who needs the support of all Nigerians’’.

The University’s Pro-Chancellor and Chairman of Council, Dr George Egabor, said that although subventions to the institution had improved, they were largely inadequate.

“As such, we cannot maintain our infrastructure, provide essential services , as well as other services required for the university’s development,’’ Egabor said.

The Vice Chancellor of the university, Prof. Abdullahi Zuru, commended Buhari for his interest and commitment to the progress of the university.

The ceremony was attended by the Governors of Lagos, Sokoto, Katsina, Kebbi and Zamfara and Sokoto Deputy Governor, Alhaji Ahmed Aliyu.

Similarly, former Governors of Ondo and Cross River States, Chief Bisi Akande and Mr Donald Duke witnessed the event.

It was also attended by various Obas, Emirs, National and State Assemblies’ members and other dignitaries across Nigeria.

 

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