N600bn varsity revitalisation fund: Group seeks Tinubu’s intervention

Date:

A  Non-Governmental  Organization (NGO), Education Advancement Initiative (EAI), has called on President Bola Tinubu to intervene and ensure immediate release of 600 Billion Naira  this year  as revitalisation fund for the public  universities in Nigeria.

The NGO said the timely  release of the  funds will ensure that deteriorating infrastructure at the universities campuses are rehabilitated, as well pay the outstanding liabilities to members of the Academic  Staff Union of Universities,(ASUU), None Academic Staff Union of Universities among others to forestall  disruption of academic calendar by the unions.

The group, which also accused  government officials of clandestinely plotting to destabilise  public Universities in favor of privately owed which they have vested interest, decried the none release of N300 billion  universities revitalization fund captured in the 2023 Appropriation Act, but  was not  accessed  due to  the failure  on the part of  the Office of the Accountant General of the Federation to release the monies to the benefiting institutions,  insisting  that the N300 billion provided for in  the 2023 appropriation Act be roll -over and anther N 300 billion for 2025 be release this year to carter for the long neglect which the university system has suffered.

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Director,  Programme, Education Advancement Imitative ,  Dr. Abimbola  Tobi, who spoke to  newsmen over the weekend in  Abuja, blamed  government functionaries, particularly officials of the  Ministry of Finance and the Accountant General’s Office, of a deliberate plot to sabotage public university education and promote private ones which they owed or have vested interest in.

Tobi, advised  President Tinubu against abandoning the needs assessment scheme designed to provide funds for the reinvigoration of public universities, particularly rehabilitation of decaying infrastructure as well as the provision of state-of-the-art teaching and learning equipment to the schools.

He added that  the president whom he acknowledged has made significant statements towards revamping the education sector to release funds for the projects to ensure  stable and quality academic environment.

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It would be recalled that the Federal Government in 2009 reached an agreement with ASUU for the provision of 1.3 trillion on annual tranches of  N220 billion over a period of 5 years as  intervention funds for the revitalization of universities.

He urged the federal  government  to provide a special emergency fund to tackle this problem, instead  of waiting for an envelop   budgetary system.

 According to him, due to long time neglect, infrastructure at the public universities have  decayed so much that only the release of 2023 and 2025 amounting to  N600 billion will be reasonable  to complete ongoing  projects  and under take new ones.

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