Private Universities Have No Business With TET Fund
leadership editorial — Nov 29 2014 Of recent, there has been an upswing in the number of owners and managers of private universities agitating that the Tertiary Education Trust Fund (TETFund) extends assistance to private universities in the country, with the latest call coming from the vice chancellor of Achievers’ University, Owo, Ondo State, Prof. Tunji Ibiyemi. They insist that like the government-owned universities, they are in the business of providing social services; therefore government should extend financial assistance to them as players in the education sector. They are of the view that their continuous exclusion from accessing funds from TETFund amounts to discrimination in view of the fact that the funds are sourced from the private sector. In our view, this is tantamount to asking the government to subsidise a wholly private venture that was established with profit motive. TETFund was established as an intervention agency under the TETFund Act 2011, charged with the resp...