Nigeria loses $500m annually to European, American universities

Nigeria loses $500m annually to European, American universities

The Committee of Vice Chancellors of Nigerian (CVC), said on Saturday that Nigerians spend an average of 500 million dollars (N75Billion) annually on European and American universities.

This is contained in a communiqué issued at the end of a two-day Consultative Policy Dialogue on the Future and Relevance of the Nigerian Universities and other Tertiary Institutions, organised by CVC and Trust Africa, Dakar.

The communiqué, signed by Prof. Michael Faborode, noted that the amount was about 70 per cent of the total allocation in 2008 to all federal universities.

It said that this was an indication of the loss of faith in Nigerian universities as shown by the rush for foreign institutions, even to other African countries. It said that constant restiveness of students between host communities, school administration, weak governance structure and processes, were some of the challenges facing the Nigerian Higher Education Sector.

According to the communiqué, these have contributed to disruptions of the academic calendar, including the constant bickering between the academic staff union, other staff unions, university management and government. The VCs said that this had thereby affected the culture of robust debate and collaborative engagement between government, university management and staff for a common vision and progress.

It noted that the global ranking of Nigerian universities had nose-dived considerably, adding that there had been growing concern over the quality of graduates from Nigerian universities.

The committee resolved to restore a culture of consultation, strategic productive engagement, and partnership, collaboration between management and staff of Nigerian higher education institutions. It also resolved that the nature and dimension of the problems confronting higher education institutions in Nigeria would require a new approach to governance.

The communiqué also resolved that the appointment of vice chancellors must include respect for academic excellence, managerial, leadership capabilities, transparency and accountability. It said that others were the non-negative application of the principle of federal character to stem the tide of emerging sectional agitations and clamour for indigenes and other parochial interests.

The committee also resolved that as much as possible, “indigene-ship” should not be critical in the appointment of vice chancellors. It resolved that government must invest in the future of the country by providing adequate resources to enable universities achieve their goals.

The VCs said that stakeholders and private sectors should be committed to investing in higher education through sponsoring of research. The communiqué called for the setting up of an education, research innovation and development council to coordinate the synergy between knowledge, innovation and development in all the sectors of the economy.

It also resolved that government needed to be more cautious in the current trend of establishing and approving of new universities without commensurate increase in the number of teachers. The VCs believed that the higher education sector had a critical role to play in forging a sense of nationhood, and nation building as well as citizenship. It also recommended that regular consultative policy dialogue on Nigerian Universities and other tertiary institutions should be held biannually.

(Source: NAN)

One Response to Nigeria loses $500m annually to European, American universities

  1. CLEMENT says:

    The same people that are complaining that Nigeria is loosing such an amount of money to european and American universities are the same people who are killing the university education in nigeria, how can nigerian universities compete with her counterpart universities in europe and America, when all the top Government officialls in this country including law makers have all thier children going to schooll in europe and America to spend our foriegn exchange there and pay school fees, and this are the same lawmakers and top Government officials from local, state and at the federal level, who are complaining that nigeria is loosing money to european and american universities, when they are the ones , who suppose to be patroitic to fix, the things and the standard that are lacking in our higher institutions, instead of playing games and telling lies, whom do the think will come and make nigerian universities to improve in standard, do they think it is the market woman? who is even crying for potable water, good roads and three square meals in a day. ? Only patroitism can save nigeria, our leaders are not patroitic.