How private institutions can compete in the growing knowledge industry

Private Universities and Colleges of Education in the country have been urged to embrace open door policy and transparency as key ingredients if they must survive, contribute and compete in the growing global knowledge industry.

Managing Director, Peace Mass Transit, Dr Samuel Onyishi who gave the advice when he received staff and management of the Peaceland College of Education, Enugu said since private educational institutions do not receive government subventions for their activities, the only way they could earn the trust of the people is to ensure transparency in the management of their resources.

He added that such ingredients would enable them attract students and support of private individuals in their research and development programmes.Onyishi, who praised the Peaceland College for the giant strides it had made since coming on board in the state, said wealthy Nigerians should invest in education by providing research grants to private educational institutions among their other needs.

He said the review in educational policy, which gave room for private individuals to establish and run higher institutions and colleges, has created employment opportunities, bridge the educational gap, investments as well as shore up government revenue.Onyishi said he was attracted to Peaceland College by the level of commitment of its managers to “do things differently by improving learning and character, stressing that, “they run open door policy and there is no way a school would not do well when the lecturers, students and management are always working together”.

Making a presentation of five million naira to assist in the running of the school, Onyishi said he was moved to do so based on the information he got concerning the name of the institution.

“Based on the information I got from the provost and members of staff that their name was chosen in honour of my business name, ‘peace mass transit’. They wanted the school to grow and blossom like my company and that was why they took the name. It is an honour and there is no way I won’t be part of it”.

While appreciating the company boss for the gesture, the provost, Prof Leo Ilechukwu said the money would be fixed and interests accruing to it would be used to pay fees of indigent students.He assured that the school would continue to contribute to the manpower needs of the country with its products.

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