President Bola Tinubu has stated that his administration will be making notable investments in the educational sector of the country, News About Nigeria reports.
The President made this known on Day 3 of the 54th convocation of the University of Lagos, on Thursday.
Tinubu, who was represented by the Minister of Education, Prof. Tahir Mamman, stated that he is committed to remodelling institutions of higher learning to achieve the purpose for which they were established.
He further noted that his administration will work tirelessly to ensure that the funds obtained from the removal of petrol subsidy are rechanneled into better investments in public infrastructure, education, and critical social needs to improve the lives of citizens.
Tinubu, while commending the organs of the university for their doggedness and commitment to academic excellence, expressed his confidence that with the quality of teaching and research that the university has instilled in the graduating students, they are now all well-positioned to compete and interact effectively with their counterparts globally.
He maintained that his administration, since he assumed office, has continued to dialogue and consult with relevant stakeholders, groups, and bodies to remodel the economy of the country, enabling it to bring about growth and development.
He also disclosed that in a bid to mitigate the challenges of the removal of the fuel subsidy, his administration has signed the student loan bill into law, adding that under this initiative, indigent students would have access to interest-free loans to see them through their stay in government-owned institutions.