The Tertiary Education Trust Fund (TETFUND) has given reasons why the federal government does not fund private universities.
According to the TETFUND Executive Secretary, Prof Elias Bogoro, who made this known during a press briefing, Tuesday, private tertiary institutions in the country cannot be funded by the Federal Government because they have only six per cent of the total student population while the public institutions have 94 per cent.
TETFUND stated that although the number of private and public universities in the country was about the same, there was justification for funding only public institutions because of the overwhelming student population.
Bogoro, said that from 2020, the Fund would establish centres of excellence across universities to boost research and development.
“We have gone beyond the idea of not funding private universities. There is justification for government and ASUU for insisting that private institutions should not be funded. The numbers of private and public universities are about the same in the country, but not the student population.
“I have said before that public institutions have 94 per cent students while private is less than six per cent. So there is justification in our law that we are not funding private institutions. We are funding public institutions because that is where the majority of the students are and particularly, the children of the underprivileged,” he said.