Buhari advises universities to utilise ppp
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On November 24, 2020, President Muhammadu Buhari of Nigeria advised universities in the country to explore Public-Private Partnership (PPP) as a means of generating revenue and improving their infrastructure.
Speaking at the 30th Convocation Ceremony of the University of Lagos, President Buhari emphasized the importance of PPP in addressing the challenges faced by universities in Nigeria, including inadequate funding and infrastructure.
According to the President, PPP can help universities to access funding, expertise, and resources that can enhance their operations and improve the quality of education. He also encouraged universities to explore alternative sources of funding, such as endowments, grants, and corporate social responsibility initiatives.
The President's advice is timely, as many universities in Nigeria are facing significant challenges, including inadequate infrastructure, poor funding, and a shortage of qualified staff. PPP can be a viable solution to these challenges, as it allows universities to partner with private sector organizations to deliver projects and services.
Some of the benefits of PPP in universities include:
- Access to funding: PPP can provide universities with access to funding that may not be available through traditional sources.
- Expertise and resources: Private sector partners can bring expertise and resources to universities, which can enhance their operations and improve the quality of education.
- Infrastructure development: PPP can be used to develop infrastructure, such as buildings, roads, and utilities, which can improve the overall learning environment.
- Efficiency and effectiveness: PPP can help universities to become more efficient and effective, as private sector partners can bring new ideas and approaches to the table.
Overall, President Buhari's advice to universities to explore PPP is a positive step towards addressing the challenges faced by universities in Nigeria and improving the quality of education in the country.