{"id":2625,"date":"2026-02-03T03:02:28","date_gmt":"2026-02-03T02:02:28","guid":{"rendered":"https:\/\/news.infotekps.com\/index.php\/2026\/02\/03\/state-of-education-nigeria-paying-heavy-price-for-underfunding-sector-prof-osinbajo\/"},"modified":"2026-02-03T03:02:28","modified_gmt":"2026-02-03T02:02:28","slug":"state-of-education-nigeria-paying-heavy-price-for-underfunding-sector-prof-osinbajo","status":"publish","type":"post","link":"https:\/\/news.infotekps.com\/index.php\/2026\/02\/03\/state-of-education-nigeria-paying-heavy-price-for-underfunding-sector-prof-osinbajo\/","title":{"rendered":"State of education: Nigeria paying heavy price for underfunding sector \u2013 Prof. Osinbajo"},"content":{"rendered":"
\"State<\/p>\n

By Elizabeth Osayande & Ifunanya Ndigwe<\/strong><\/p>\n

Former Vice President, Prof. Yemi Osinbajo, SAN, has lamented the current state of education in Nigeria, saying that the country is \u201cpaying a heavy price\u201d due to the neglect of its schools, which he described as \u201cbroken\u201d and \u201cunderfunded.\u201d<\/p>\n

This is just as he emphasised the vital role foundational education plays in shaping future leaders.<\/p>\n

Osinbanjo, who spoke on the theme: \u201cBuilding generational strength for educational institutions in Nigeria,\u201d was the guest lecturer at the 94th Founders Day celebration of Igbobi College, Lagos on Monday.<\/p>\n

Reflecting on his own experiences, Osinbajo shared, \u201cThe discipline of waking up at 5:30am and the \u2018lights out\u2019 rules in secondary school, that actually built great leaders.\u201d<\/p>\n

\u201cThe habits that sustain adults are formed in school, not improvised later in life.\u201d<\/p>\n

According to him, the roots of effective leadership extend beyond government offices; they begin much earlier, adding, \u201cBy the time a child turns 18, their ethical instincts are already likely formed.\u201d<\/p>\n

While emphasising the need to put education on the right track, the former VP opined that corporate bodies, old students and other well-meaning individuals have roles to play to complement government\u2019s efforts.<\/p>\n

\u201cMany great institutions are backed by large endowments that sustain their operations for decades. Endowments are more about the ability to propagate a worldview, certain standards and values that we hold dear. More instructive is that most of the funds were donated by old boys of those schools, including friends and families of the old boys.<\/p>\n

\u201cEvery serious nation or society confronts the same question: what will outlive us? Igbobi College made a transformative difference in our lives. It was built by an endowment from missionaries, Anglican and Methodist churches, money raised from their members. Although the school charges fees, these fees are for services offered. We were beneficiaries of an endowment by two missionaries who subsidised not just high quality education but also created a moral, ethical and civic environment that had shaped our own outlook, our sense of right and wrong and our integrity,\u201d he said.<\/p>\n

Reflecting on his personal academic journey, Osinbajo recalled his formative years at the prestigious Igbobi College from 1969 to 1975, where he received numerous awards, including the State Merit Award and the African Statesman Intercollegiate Best Speaker\u2019s Prize.<\/p>\n

Prof. Osinbajo concluded with a profound reminder: \u201cEvery investment in a school is an investment in the future of the country. Our early leaders didn\u2019t emerge by accident; they were shaped by schools that were deliberately protected from volatility.\u201d<\/p>\n

Meanwhile, the Igbobi College Old Boys\u2019 Association (ICOBA) has launched an ambitious \u20a610 billion Endowment Fund aimed at revitalising the school and guaranteeing its legacy for the next century.<\/p>\n

Chief Yomi Badejo-Okusanya, the 12th President of ICOBA, announced that the fund would be used to build new hostels, enhance science laboratories, and introduce advanced learning technologies.<\/p>\n

He gave the assurance that the management of the fund would be in the hands of professionals from Chapel Hill Denham to ensure accountability.<\/p>\n

\u201cWe don\u2019t want anyone to \u2018use the money anyhow,’\u201d he stated firmly.<\/p>\n

Badejo-Okusanya urged alumni to contribute, and challenged all members to think of future generations, just as the founders did in 1932.<\/p>\n

Lagos State Governor, Mr Babajide Sanwo-Olu, represented at the event by the Commissioner for Basic and Education, Hon. Jamiu Tolani Alli-Balogun, expressed government\u2019s support for initiatives like ICOBA\u2019s fund, noting, \u201cWhen a school like Igbobi produces disciplined individuals, it helps the government save money on social problems and strengthens the leadership pipeline for the nation.\u201d<\/p>\n

\u00a0He remarked that quality management of infrastructure, like roads and bridges, is contingent upon having principled leaders, reinforcing the importance of the \u20a610 billion fund to maintain the school\u2019s legacy.<\/p>\n

The event included a lecture chaired by Mr Ademola Adeyemi-Bero, who clarified that an endowment represents a commitment to transitioning from \u201cshort-term intervention to long-term institutional stability.\u201d<\/p>\n

The post State of education: Nigeria paying heavy price for underfunding sector \u2013 Prof. Osinbajo<\/a> appeared first on Vanguard News<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Elizabeth Osayande & Ifunanya Ndigwe Former Vice President, Prof. Yemi Osinbajo, SAN, has lamented the current state of education … <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2025\/06\/Yemi-Osinbajo.jpeg","fifu_image_alt":"","footnotes":""},"categories":[22],"tags":[19],"class_list":["post-2625","post","type-post","status-publish","format-standard","hentry","category-african-news","tag-general-africa-top-news"],"yoast_head":"\nState of education: Nigeria paying heavy price for underfunding sector \u2013 Prof. Osinbajo - Your Daily News Dose of the World\u2019s Hottest Headlines<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.infotekps.com\/index.php\/2026\/02\/03\/state-of-education-nigeria-paying-heavy-price-for-underfunding-sector-prof-osinbajo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State of education: Nigeria paying heavy price for underfunding sector \u2013 Prof. Osinbajo - 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