FEC Approves Establishment Of 20 Private Universities

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FEC Approves Establishment Of 20 Private Universities

Federal Executive Council has approved a memo from the Ministry of Education for the establishment of 20 new private universities across the country.

The Minister of Education, Mallam Adamu Adamu, disclosed this to State House Correspondents on Wednesday after the week’s virtual FEC meeting, presided over by President Muhammadu Buhari, at the State House in Abuja, the nation’s capital.

According to him, the approved universities would get their provisional licenses from the National Universities Commission (NUC), which they will use for the next three years while monitoring and evaluation will go on.

This brings the total number of private universities in the country to 99.

Meanwhile, the FEC has approved the sum of 35 billion naira for the building of power stations by the Nigerian Export Processing Zone Authority (NEPZA), in the processing zones in Calabar and Kano.

The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, said the contract would be jointly funded by the government and the company that won the award in 25 percent to 75 percent plan.

He said council approved a payback period of 10 years of the contractor’s portion.

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