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By NBF News
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Governor of the Central Bank of Nigeria Malam Sanusi Lamido Sanusi has said that the establishment of private universities is a catalyst that may revive the quality of education in Nigeria.

Speaking, yesterday, as a guest lecturer at the 2nd convocation ceremony of Fountain University, Osogbo, on the topic 'Islam and the culture of Education' Sanusi said that Islam was synonymous with education.

He noted that Islam was by its nature and influence a religion that promoted the culture of education and added that various verses of the Holy Quran attested to Islam as being solidly in support of education.

Quoting copiously from the holy Quran the CBN boss maintained that the first commandment given to the Prophet of Islam shows the lofty position of knowledge in Islam.

Speaking after being conferred with Honourary Doctorate Degree in Public Administration, wife of the Vice President, Hajia Aminat Mohammed Namadi Sambo described the standard of university education as worrisome.

According to her, the latest ranking of African universities by scholars in Africa has only eight Nigerian universities in the first one hundred universities with the best Nigerian university placed in the twentieth position.

She noted that the situation did not speak well of the standard of tertiary education in Nigeria and added that the Federal Government has taken drastic step to stem the trend.

Highlight of the occasion included the conferment of honourary doctorate degrees on three distinguished Nigerians, the wife of the Vice President,Hajia Amina Mohammed Namadi Sambo, Alhaji Sulaiman Adebola Adegunwa, a business magnet who bagged honourary degree in Business Administration and Alhaji Abdullateef Adewale Olasupo, an astute financial accounting expert and chairman of NASFAT Board of Trustee, the proprietor of the university who bagged honourary degree in Banking and Finance.