President Bola Ahmed Tinubu has approved N5 billion for investment in research activities for 2024 through the Tertiary Education Trust Fund (TETFund) National Research Fund. The Minister of Education, Dr. Tunji Alausa, announced this while addressing reporters before the commencement of this year’s edition of TETFund National Research Fair and Exhibition on Sunday in Abuja. The minister said the initiative was aimed at addressing national development challenges through targeted research efforts in public tertiary institutions. He emphasised the current administration’s commitment to leveraging research and innovation to drive economic growth. Alausa said President Tinubu’s Renewed Hope Agenda would primarily rely on local research and technological advancements, stressing that no nation can achieve economic progress without effectively utilising research outputs. He said: “The government is committed to deploy Research and Innovation tools to generate wealth and create wealth. He said: “The government is committed to deploy Research and Innovation tools to generate wealth and create wealth. Alausa assured Nigerians that the National Research Fund would be bolstered by resources from public, private, and international sectors to empower researchers, engineers, and innovators to develop solutions for critical national challenges in areas such as power, healthcare, agriculture, water supply and communications. Expressing satisfaction with TETFund’s efforts to promote academics, the minister noted that Nigeria’s wealth of institutions, intellectual professionals, and natural resources placed it in a prime position to build a knowledge-based economy. He announced the restructuring of the Technical and Vocational Education and Training (TVET) system to ensure that 80 per cent of the curriculum focuses on practical work. The minister faulted the current structure of technical education, which emphasises didactic methods over practical experience. Alausas said: “The way technical education has been structured is not the best because we focus heavily on didactics. “We have met with the Executive Secretary of the National Board for Technical Education (NBTE) to change the structure. “We are now clearly changing the TVET structure from didactics to skill acquisition, we will now do 20 per cent didactics and 80 per cent practical, and that’s how we are going to move forward.” According to him, there is a need to realign the country’s education system to better address the needs of Nigerians, particularly in the area of lifelong skills. Alausa added: “We have a unique demography in the world, 220 million people with 70 per cent of them under the age of 30. “We need to work and give these young men and women, who are energetic, ready to learn, and contribute to this country, the right skills.” Post navigation President Tinubu addresses world leaders at G20 Summit in Brazil. Tinubu seeks confirmation of Ondo REC, and two others.
