In an effort to save public higher institutions in the country from the heavy burden of high power tariffs usually slammed on them by power distribution companies, DIsCos, President Bola Tinubu has disclosed his plan to start installing solar panels in the institutions to save them from the exorbitant tariffs.
The Nigerian leader stated this during the 55th convocation ceremony of the University of Lagos, UNILAG, Akoka, Yaba.
Tinubu, who was represented by the Minister of Education, Dr. Tunji Alausa,who reiterated his administration commitment to catapulting the
education sector to an enviable height according to best world practice.
Since the removal of subsidy from the power sector, higher institutions across the country, come under distress of inability to foot the electricity bill usually being demanded by the power sector which is frustrating smooth operation of these schools.
According to the president, “My administration recognizes that education is the cornerstone of national development. It is the bedrock upon which a prosperous society is built. This understanding is reflected in our policies and investments in the education sector.
“In the proposed 2025 Budget, we have allocated N3.52 trillion to education, the third-highest allocation, underscoring our commitment to revitalizing the sector. This ‘Budget of Restoration: Securing Peace, Rebuilding Prosperity’ reflects our determination to stabilize the economy, improve lives, and position Nigeria for a brighter future.
“Key initiatives such as the Nigerian Education Loan Fund, NELFUND, have widened access to higher education, ensuring that financial constraints do not hinder our youth from achieving their dreams. Thousands of students have already benefited, and we remain committed to expanding this program to benefit thousands more.
“Furthermore, we have initiated reforms to address systemic challenges in tertiary education.”