‘Diversify funding or stagnate’ – Education Minister reads riot act to varsities
Read Also: ‘You’ve had enough; someone handsome raped you’ – Nigerian migrant Gift Oladele tells British girl Alausa, who expressed concern over the poor resource mobilisation capacity of Nigerian universities, revealed that only four of the 68 federal universities were currently making meaningful use of alternative funding opportunities such as research grants, endowments, alumni donations, philanthropy and industry partnerships.
The minister spoke at the National Advancement Forum 2026, where he challenged Vice-Chancellors to move beyond the traditional practice of administering government allocations and begin actively building relationships with alumni, businesses, philanthropists, research funders and other strategic partners.
The Minister expressed disappointment that many institutions had yet to take full advantage of the opportunities created by the administration, warning that universities that fail to broaden their funding base could struggle to sustain growth, research and academic excellence.
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