Federal Government to set up education bond to finance infrastructure in public universities

ministry of education

The Federal Government is considering setting up an education bond to finance infrastructure in public universities, President Muhammadu Buhari has said.

President Buhari made the idea known at University of Ibadan last Saturday on the occasion of the institution’s 2018 Convocation and 70th Foundation Day Ceremony.

President Buhari, who is Visitor to the University, was represented by the Vice President. Prof. Yemi Osinbajo.

The President insisted that education could not be left to Government alone as none of the world’s leading universities depended wholly or even substantially on government funding.

According to him, given the radical changes that technology has brought to bear in both the challenges and opportunities in education, the N-Power employment scheme of the Buhari administration provides a technology platform to train teachers.