President Bola Tinubu has announced plans to address the financial strain caused by high electricity tariffs on public higher institutions by installing solar panels in these schools. The initiative aims to provide a sustainable and cost-effective energy solution for universities struggling with rising power costs.
President Tinubu made this promise during the 55th convocation ceremony of the University of Lagos (UNILAG) in Akoka, Yaba. Represented by the Minister of Education, Dr. Tunji Alausa, the president reaffirmed his administration’s dedication to improving education in Nigeria.
The issue of high electricity tariffs has been a recurring challenge for universities across the country, including UNILAG. Institutions have consistently raised concerns about their inability to cope with the soaring costs of electricity, which often eat into budgets meant for academic and infrastructural development.
He said: “My administration recognizes that education is the cornerstone of national development. It is the bedrock upon which a prosperous society is built. This understanding is reflected in our policies and investments in the education sector.
“In the proposed 2025 Budget, we have allocated N3.52 trillion to education, the third-highest allocation, underscoring our commitment to revitalizing the sector. This ‘Budget of Restoration: Securing Peace, Rebuilding Prosperity’ reflects our determination to stabilize the economy, improve lives, and position Nigeria for a brighter future.
“Key initiatives such as the Nigerian Education Loan Fund, NELFUND, have widened access to higher education, ensuring that financial constraints do not hinder our youth from achieving their dreams. Thousands of students have already benefited, and we remain committed to expanding this program to benefit thousands more.
“Furthermore, we have initiated reforms to address systemic challenges in tertiary education.”
