Poor funding undermining varsities` ranking globally, says Ex-FUTA VC

Poor funding undermining varsities` ranking globally, says Ex-FUTA VC. CLICK NOW

Poor funding undermining varsities` ranking globally, says Ex-FUTA VC
Poor funding undermining varsities` ranking globally, says Ex-FUTA VC

Former Vice Chancellor, Federal University of Technology, Akure (FUTA), Prof Adebisi Balogun, has challenged stakeholders in the nation`s education sector and other wealthy Nigerians to assist the government in the area of funding higher institutions, saying no government can fund the sector alone.  In his keynote address at the 14th convocation ceremony of Crawford University, Igbesa, Ogun State, Balogun noted that poor funding of education has negatively impacted the ranking of the country`s higher institutions globally. In the lecture, titled `Governance and insecurity: Key issues involved in the management of higher education institutions in Nigeria, ` he said with the proliferation of universities, it is imperative that issues of underfunding be properly addressed.  He said: “It is clearly established that all public universities are poorly funded in Nigeria compared to other countries in Africa, and even some countries in West Africa. While Nigeria budgets an average of 5.1 percent for education, countries like South Africa, Togo, Senegal, Namibia, and Ghana budgeted an average of 18.4, 20.4, 21.1, 24.8, and 31 percent respectively for education.”

 He said the continuous low performance of Nigeria's varsities on the global ranking ladder exposed how stakeholders and the government have failed to embrace the responsibility of funding for a better system.  He said, “Should we continue to have models where the federal or state government is responsible for funding universities? Gone are the days when we had many scholarships, but these days are tough. So when we talk about finance, stakeholders need to be involved. »

 Balogun also expressed concern about mismanagement and insecurity, saying they hinder the internalization of higher institutions in the country. “The characteristic of a world-class university is that it can attract an international reputation in research, teaching, staff, and also attract a high proportion of foreign and international students based on world best practices.  “The university is a global village that will accommodate all nationalities in this village with favorable infrastructure and learning environment. In the past, in some of our first-generation institutions, you'll find a good mix of staff and international students. Today, it is difficult to find such a mixture.

 He commended the efforts of several private institutions in pooling resources to achieve academic excellence through funding their universities. Vice-Chancellor Reuben Kolo urged the 324 graduates to remain committed to serving God for positive results after graduation.  He asked them to make good use of their biblical knowledge and teachings learned in school, making a strong contribution to national and global development.