Yar’Adua Charges Varsities on Funds Generation - Thisday

President Umaru Musa Yar'Adua has called on universities in the country to intensify their drive for internally-generated revenue to improve their finances.
Speaking at the 23rd Convocation ceremony of the University of Calabar recently, the President, who was represented by the Minister of Education, Prof. Igwe Aja-Nwachukwu, said poor finances was hampering the realisation of programmes of universities, stressing that the N210 billion (about 13 percent ), allocated to education in the 2008 budget, was a reflection of the importance that government attaches to education.
He said the government was also assisting the universities and other higher institutions of learning through other interventions. The institutions should therefore be prudent with funds at their disposal and shun all forms of shady deals.
"We cannot meaningfully speak of effective and efficient funding of this education sub-sector if our universities are constantly in crises, confusion, fraud and lack of institutional vision", the President said. Full Story