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First Idahosa Memorial Lecture Holds As Pentecostal Fellowship of Nigeria President seeks Funds For Private Varsities

Posted by on November 29, 2021 — Drop A Comment


Bishop (Dr.) Francis Wale Oke, National President of the Pentecostal Fellowship of Nigeria (PFN) and Chan­cellor, Precious Cornerstone University, has called for a review of the Tertiary Ed­ucation Trust Fund (Estab­lishment, etc.) Act of 2011, so that privately owned tertiary institutions in Ni­geria can benefit alongside their government-owned counterparts from the Ter­tiary Education Trust Fund (TETFUND).

Oke made the plea while delivering the inaugural Archbishop Benson Ida­hosa Memorial Lecture at the Legacy Campus of the Benson Idahosa University, Benin City.

On the role of faith-based universities in national trans­formation, Oke pointed out those faith-based universities had made significant contri­butions, not only in the area of human resource develop­ment, but also in other aspects of national development.

Faith-based universities had become major drivers of economic advancement in Nigeria, with products of these institutions playing outstanding roles in the dif­ferent sectors, he said.

He cited, in particular, the contribution being made by graduates of faith-based universities in the area of financial technology solu­tions and entrepreneurship development in the country.

Evidence of the quality of learning and all-round development available at these institutions, he said, could be found in the success­es attained by some of the graduates of faith-based uni­versities such as Paystack founders, Sola Akinlade and Ezra Olubi, Sycamore Found­ers – Babatunde Akin-Moses and Onyinye Okonji, as well as Founders of Piggyvest and Thrive, among others.

Oke said that the huge and sacrificial investment in human and material re­sources by the proprietors of these institutions, which had created a more condu­cive teaching and learning environment in these pri­vate universities, as well as the stable and predictable academic calendar they run, were partly responsible for the level of success being recorded there.

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He also stressed that greater progress could only be made in the development of tertiary education with support as offered by TET­FUND extended to private­ly-owned tertiary institu­tions.


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