University of Ibadan Alumni Urge Shift to Capital Investment
The 2026 University of Ibadan Alumni Association Annual Public Service Lecture, held in Ibadan, focused on the theme ‘First and Best But Whose Capital Built It? Rethinking How Nigeria Funds Its Own Future.’ Acting President Prof. Terrumun Gajir emphasized the need for Nigerian universities to shift from dependence on government allocations to capital formation and investment.
He highlighted the importance of mobilizing domestic resources such as pension funds and household savings for sustainable development. Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission, noted that despite the University of Ibadan's prestigious history, it has never raised long-term funds from the capital market.
He criticized the unsustainable reliance on government funding, citing the uniform TETFund allocation and the disproportionate education budget compared to debt servicing. Agama pointed out that Nigeria has sufficient capital available but lacks effective mechanisms to access it, proposing that universities adopt investment strategies to secure funding.
Plus234Feed summary based on reporting from Nigerian Tribune. Read the original report below.
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