Wale Oke
Bishop Wale Oke,Chancellor, Precious Cornerstone University, Ibadan and President Pentecostal Fellowship of Nigeria, has called for a review of the Tertiary Education Trust Fund (TETFUND) Act of 2011.
The review he said, should make it possible for private tertiary institutions in the country to assess funds for academic development.
He made the call as guest lecturer at the maiden Archbishop Benson Idahosa Memorial Lecture; where he spoke on The Role of Faith-Based Universities in National Transformation
The event was held recently at the Legacy Campus of the Benson Idahosa University, Benin.
The review of the TETFUND act according to him should accommodate privately-owned tertiary institutions in the country. This will enable them to benefit from the fund just like those owned by the government.
Start the amendment
He called on the National Assembly to evolve a mechanism for the amendment of the TETFUND Act,
Oke noted that about 40 percent of the univesities in Nigeria are now being owned by private hands unlike in 1993 when the Education Trust Fund (ETF) was established.
Their inclusion in the act according to him would enable them to access funds for essential infrastructure in the universities
He argued that faith-based institutions need the funds because they have made significant contributions in the area of human resource development and other aspects of national development.
He said, “Faith-based universities have become major drivers of economic advancement in Nigeria. Many of their products are playing outstanding roles in the different sectors.
Faith based institutions making great impact
Graduates of faith-based universities according to the PFN president are impacting the financial technology and entrepreneurship sectors in the country.
Source:ChirchTimes
