Briefing journalists after the special meeting presided over by Vice President Yemi Osinbajo, Adamu, said with this approval, there are now 72 private universities in Nigeria.
According to the Minister, the approval was given considering the importance of education in bolstering the economic fortunes of the country.
Speaking, the Minister of Labour and Employment, Chris Ngige, said the Council also approved the Universal Implementation of the Employee Compensation Act (ECA) 2010.
According to the Minister, the law is operated by the Nigeria Social Insurance Trust Fund (NSITF), noting that it is a replacement of the old Employee Compensation Act that was known as “Workmen Compensation”.
“The Council has approved it for universal implementation, meaning that apart from the private sector, that is already implementing, the public sector, which is government – federal, state and local governments – have now to adopt this for the protection of their workers”, Ngige said.