Wale Oke demands TETFund access for private varsities
AI Executive Briefing
Gemini Flash AI~45s readArchbishop Wale Oke, Chancellor of Precious Cornerstone University, has called on the Federal Government to include private universities in the Tertiary Education Trust Fund (TETFund) intervention scheme. He contends that private institutions are vital to the development of Nigerian youth and that their exclusion contradicts the private-sector origins of the fund's revenue.
Context & Background
- ✦TETFund is currently funded through contributions and taxes from private-sector entities, including oil companies and banks.
- ✦Private universities in Nigeria, such as Covenant and Afe Babalola University, are currently excluded from accessing these government-managed educational interventions.
Key Figures & Named Entities
•Archbishop Wale Oke, Chancellor of Precious Cornerstone University, who advocates for policy reform regarding TETFund.•Prof. Dapo Asaju, Pro-Chancellor of PCU, who described the current exclusion of private institutions as an injustice.•184 graduates, including 25 first-class honours recipients, were recorded in the 2026 graduating set.
Outlook & Next Steps
The call for legislative and policy review continues as university administrators seek to address what they term 'legislative shortcomings' to ensure private institutions receive support for educational advancement.
Key Takeaways
AI Summary- Archbishop Wale Oke has formally requested that the Federal Government extend Tertiary Education Trust Fund (TETFund) interventions to private universities.
- Proponents argue that since TETFund is financed by taxes from private-sector entities like oil companies and banks, private institutions should be eligible for the funding.
- The Precious Cornerstone University (PCU) administration highlighted that private universities demonstrate superior resource management and contribute significantly to national human capital development.
Key Facts:Wednesday: Precious Cornerstone University held its fifth convocation ceremony where the appeal for TETFund access was made.2026: A total of 184 students graduated from Precious Cornerstone University in the 2026 set.
Editorial Excerpt
Archbishop Wale Oke has urged the Federal Government to extend TETFund interventions to private universities, arguing they also train Nigerian youths.
Frequently Asked Questions About This Story
Why does Archbishop Wale Oke believe private universities deserve TETFund support?
He argues that private universities train Nigerian youths and that the fund is primarily sourced from taxes paid by private-sector organizations, making their exclusion unjust.
How many students graduated from Precious Cornerstone University during the recent convocation?
A total of 184 students graduated, with 25 achieving first-class honours.
