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Nigerian Federal Executive Council Approves 11 New Universities, Tackles Illegal Mining

© Getty Images / picture allianceBola Tinubu, President of Nigeria
Bola Tinubu, President of Nigeria - Sputnik Africa, 1920, 04.03.2025
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At the signing of the 2025 budget, Nigerian President Tinubu stressed the importance of spending within means, increasing government revenues through efficiency reforms, and promoting public-private partnerships and foreign investment.
Nigerian President Bola Tinubu gave the green light for the provisional licenses for 11 new private universities in the country.
Tinubu's approval of these new universities shows a commitment to expanding educational access, Education Minister Tunji Alausa stated. He clarified the approvals were for pending applications despite concerns about university proliferation and a general moratorium.
The federal government also allocated $1.67 million for satellite monitoring devices at key mining sites. According to Minister of Solid Minerals Development Dele Alake, this aims to protect investments by providing real-time activity data.
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Alake also stated that illegal mining had cost Nigeria trillions of dollars. He announced a new initiative approved by the Federal Executive Council to improve regulation and reduce revenue losses.
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