Private Universities exist in Nigeria and pay the same tax as public Universities. As such, private Universities should also benefit from the Tertiary Education Trust Fund (TETFUND), a scheme set up by the Federal government for development of public universities. This is the position of the Vice Chancellor of Renaissance University, Professor Charles Onochie. Renaissance University is a private University located in Ugbawka, Enugu state.
This argument has been raging and Prof. Onochie added his voice to the issue during the maiden edition of the institution’s convocation ceremonies last weekend. He argued that private and public universities are partners in progress, and both produce graduates that feed the nation’s labour market. He also said this was one of the reasons for higher fees paid in private universities.
Let’s see what government feels about this position.