Investment Breakdown: 2023 Budgetary Allocation for All Federal Universities Revealed.

Investment Breakdown: 2023 Budgetary Allocation for Federal Universities Revealed

Introduction:
The allocation of budgetary funds plays a crucial role in determining the growth and development of educational institutions. In the case of Nigeria, the government has recently unveiled the budgetary allocation for federal universities in 2023. This post will explore the allocation figures for the top ten universities in the country, shedding light on their financial resources and how they are expected to impact their respective institutions.

1. University of Nigeria, Nsukka – N26.14BN:
The University of Nigeria, Nsukka, takes the lead with a substantial budgetary allocation of N26.14 billion. This allocation reflects the government’s commitment to supporting the institution’s academic activities, research endeavors, and infrastructure development.

2. Ahmadu Bello University, Zaria – N23.91BN:
Ahmadu Bello University, located in Zaria, secures the second-highest budgetary allocation of N23.91 billion. This funding will contribute to maintaining the university’s status as a center of excellence and drive further innovation in education and research.

3. University of Calabar – N21.58BN:
With an allocation of N21.58 billion, the University of Calabar is positioned as a key player in advancing educational opportunities and driving socio-economic development in the region. This funding will enhance the university’s capacity to provide quality education and research initiatives.

4. University of Benin – N19.54BN:
The University of Benin, known for its academic excellence, receives a significant budgetary allocation of N19.54 billion. This investment will further strengthen the institution’s capacity to deliver world-class education, support technological advancements, and foster collaborative research projects.

5. Nnamdi Azikiwe University, Awka – N18.95BN:
Nnamdi Azikiwe University, situated in Awka, will benefit from a budgetary allocation of N18.95 billion. This funding will enable the university to provide cutting-edge academic programs, promote innovation, and build state-of-the-art research facilities.

6. University of Ibadan – N18.35BN:
The prestigious University of Ibadan secures an allocation of N18.35 billion, emphasizing the government’s commitment to maintaining its position as a leading institution of higher learning. This funding will enhance research capabilities, upgrade infrastructure, and attract top-tier faculty members.

7. University of Maiduguri – N18.27BN:
The University of Maiduguri, located in the northeast region of Nigeria, receives an allocation of N18.27 billion. This funding will contribute to addressing the unique challenges faced by the university and enable it to expand its academic offerings, enhance student support services, and foster community engagement.

8. University of Lagos – N15.12BN:
The University of Lagos, one of Nigeria’s most renowned institutions, has been allocated N15.12 billion in the 2023 budget. This financial injection will support the university’s mission to provide high-quality education, support research and innovation, and foster entrepreneurship among its students.

9. Obafemi Awolowo University – N13.40BN:
Obafemi Awolowo University, recognized for its academic excellence and research contributions, receives an allocation of N13.40 billion. This investment will strengthen the university’s capacity to provide a broad range of academic programs, enhance faculty development, and upgrade its infrastructure.

10. University of Abuja – N12.86BN:
The University of Abuja concludes the list with a budgetary allocation of N12.86 billion. This funding will contribute to the university’s strategic transformation, allowing it to offer diverse educational programs, expand research initiatives, and enhance its facilities.

Conclusion:
The 2023 budgetary allocation for federal universities in Nigeria demonstrates the government’s commitment to prioritizing the development and growth of higher education institutions. These financial resources will facilitate the provision of high-quality education, foster research and innovation, and support infrastructure development across the country.

By investing in the education sector, Nigeria is taking important steps towards nurturing intellectual capital and contributing to the nation’s socio-economic progress.

Naira Marley’s record label releases statement saying it’s sad MohBad didn’t get a proper burial

Singer Azeez Fashola aka Naira Marley has released a statement on behalf of his record label Marlian Music regarding the death of his former signee MohBad.

Naira Marley shared the statement on his Instagram account on Friday night, saying the brand was saddened that Mohbad didn’t get a proper burial.

The statement read in part: “Mobad was an incredible street pop star who contributed to the foundation of Mars music. Despite his departure last year, we continue to support his talent.

“No family is perfect and there will be disagreements between families, but Mobard didn’t wish any harm on him. There was a lot left unsaid but the love was always there. This tragedy is not only our loss but the loss of the whole world.” A loss for everyone whose music has touched them.

“As we pay our respects to the late Mohrbad, we also call for a thorough investigation into the circumstances of his death.

“We are dissatisfied and disturbed by what we have witnessed since Tuesday, September 12. We owe Mobadd his thanks for helping to shine a light on any foul play or injustice.

“Our brother deserved a better send-off and we are saddened that we are unable to assist in providing a fitting burial. We will continue to work hard to reach the family.”

MohBad fell out with the label in 2022. He died on Tuesday and was buried the next day in Ikorodu, Lagos.

Photo Credit: Instagram | Naira Marley
—
Follow breaking news and videos.