President Goodluck Jonathan has approved the disbursement of N220 billion to federal universities in the country as part of efforts to solve the problems confronting the education sector.
Minister of Education, Malam Ibrahim Shekarau, who made this known said that the funds were released following the report of a committee set up by the Federal Government to asses the challenges of federal universities across Nigeria.
Shekarau said that after visiting all federal universities in the nation, the committee submitted a report on its findings, saying that the education sector needed N1.3 trillion to make the higher learning schools better.
“The report submitted was that education sector needs N1.3 trillion to surpass its challenges, but with his serious concern to education, Mr. president approved the disbursement of N220 billion to the federal universities for the next five years”.
According to the Minister, each of all the federal universities benefited N910 million, while federal polytechnics got N650 million each, federal colleges of education got N550 million each in 2014.
Shekarau however, not that most of the universities are yet to assess these funds.