In furtherance of its commitment to raise the standard of education in Nigeria, the Federal Government has concluded plans to pump the sum of N1.2 trillion into Nigerian universities with a view to building capacity and development in the next three years.
This was revealed by President Goodluck Jonathan during the 25th and 26th convocation of the Federal University of Technology Akure (FUTA).
He noted that in the last one year, the Federal Government has so far, released the sum of N30 billion to all Federal Universities to clear arrears of earned allowances due to the various categories of staff.
With similar intention, the government has also approved and disbursed N200 billion special intervention for capital projects to the Universities.
Speaking through Prof Azikwe Nwalu, the President pointed out that the revitalisation of the Universities is in line with the present administration’s transformation agenda.
He therefore urged the leadership of the universities to ensure prudence, accountability, transparency and delivery of value for money all the time.
President Jonathan also implored staff (teaching and non-teaching) to be committed and give the highest level of performance engendered by patriotism, dedication and selflessness
He urged students to eschew violence, shun all forms of anti social activities and ensure full time concentration in their studies.
The Vice Chancellor of the University, Prof. Adebiyi Daramola said the university has made landmark achievements in teaching, research and community service.

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