Vice President Yemi Osinbajo says government alone can neither support universities to the extent required nor keep them at the current level.
He maintained that a lot ought to come from the alumni and the private sector as obtained in great institutions all over the world.
The vice president was speaking in Lagos Friday at the 2017 Distinguished Alumni Awards and Celebration of the University of Lagos.
He said: "...government alone cannot support universities to the extent that is required, to keep them even at the current levels. A lot will have to come from the Alumni and the private sector. That’s how great universities all over the world are run."
The vice president said he was excited to see a lot of committed alumni of the University of Lagos "who want to see to it that our University goes from glory to glory."
He said he was equally excited to see that the institution's fundraising project had clearly shown the way to go with respect to developing the nation's universities.