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VC urges FG to extend TETFund grant to private universities

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Elizade University

Vice Chancellor of Elizade University, Ilara-Mokin, Prof. Olukayode Amund, has decried the continued denial of private universities to benefit from the Tertiary Education Trust Fund (TETFund) for development.

According to him, the government is doing a lot of disservice to the nation in the private education sector because the private tertiary institutions, which could make optimal use of the grant, are not allowed to benefit from it.

His words: “It is in private universities that the fund can be better utilised and not in public universities. If you go round to public universities, you will see the shoddy jobs that are done with the fund. It is a colossal waste of resources, but in private universities, we will give value for money.”

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Amund spoke on Friday during the seventh matriculation of the university at Ilara-Mokin, Ondo State.

The VC, who said the Federal Government was not fair to the private sector, dispelled the argument that private universities are private businesses, adding that all universities should be treated equally because the people in those universities are Nigerians.

“The fund in TETFUND belongs to Nigerians; so, why should you extricate a group of Nigerians from benefiting from their resources. Government invited the private sector to assist them because they could not provide enough facilities for the teeming population requiring university education.

“They should create a level-playing ground for all universities. What you give to public universities as subsidy should also be given to private universities.

“The tax returns, which they are using as TETFund grant, come from the private sector. Consequently, it is contradictory to say that private universities cannot enjoy what accrued from the private sector.”

The vice chancellor, who also said that the vast land of the institution would be utilised for agriculture, said: “We want to use the students’ hostels to attract conferences to this place, so that the conference participants will find the rooms conducive for their event, just like hotel rooms.”

“To be a world class university, financial endowment is very crucial. Harvard, for example, has over $40 billion in endowment; that means the university can do anything at any time without blinking an eye. We want to get to that standard at Elizade University.”

He, therefore, expressed the university’s commitment to explore its alumni association for development.

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