Echono pointed out that the lack of financial resources is severely impacting the infrastructure of tertiary institutions, stating, “Except for the intervention of TETFUND, many tertiary institutions in Nigeria were finding it difficult to build classrooms and lecture halls, equipment laboratories and workshops and provide research grants to their academic staff”.
He made these remarks during a convocation lecture at the Ninth Convocation Ceremony of the Federal University Oye Ekiti, where 8,444 students received various degrees. Additionally, four distinguished Nigerians, including former Attorneys General and Minister of Justice Kanu Agabi and Bayo Ojo, First Bank of Nigeria's Managing Director Segun Alebiosu, and Air Peace Airline Chairman Dr. Allen Onyema, were awarded honorary doctorate degrees.
Echono asserted that Nigeria's competitiveness in the 21st century hinges on its capacity to generate both applied and theoretical knowledge in science, technology, and the humanities, which can only be achieved through sufficient funding to rejuvenate the university system in Nigeria.
In addition to inadequate funding, Echono identified several other challenges facing tertiary education in Nigeria, such as ineffective leadership, poor policy execution, insufficient ICT resources, lack of robust staff development programs, insecurity, frequent industrial disputes, brain drain, and a shortage of essential resources.
He advocated for university autonomy, suggesting that institutions should operate independently without undue influence from external entities. This autonomy should encompass academic, administrative, and financial aspects to effectively address the existing challenges.
Echono mentioned that having autonomy allows universities to boost their infrastructure by teaming up with industries, alumni, and other educational and research organizations.
He also pointed out that university autonomy opens doors for global partnerships, enabling various institutions to exchange ideas, share teaching methods, and enhance learning experiences.
In his view, autonomy is key for operational efficiency and strong performance, giving institutions the chance to innovate and significantly elevate the quality of education, which is vital for national growth.
Echono urged FUOYE to stay committed to spreading knowledge, engaging in impactful research, and contributing to community and national development.