The government is contemplating a national endowment fund for Bahamian students at the University of The Bahamas (UB), to strengthen the county’s resources, Prime Minister Dr. Hubert Minnis revealed during the opening of the Frank R. Wilson Graduate Centre Thursday afternoon.
“Over the next five years, the government of The Bahamas will give consideration to an education, heritage and cultural endowment… funded mostly by private donors both Bahamian and international,” Dr. Minnis revealed.
“The national endowment will aid in the preservation of our heritage and promotion of Bahamian culture and help in the provision of scholarships to Bahamians.”
The nation’s leader added that he anticipates the endowment will also aid the further development of sports and athletics.
With research at the heart of the university’s thrust, Dr. Minnis said, it will play a critical role in public policy and planning.
“The country and the government looks forward to the use of research from the university for national development and policy decisions,” he said.
“The university serves as the locus of a number of programs to bolster the economic develop and stimulate business development.”
Dr. Minnis noted that the government’s recent approval of a small and medium-sized enterprise (SME) centre at the university, will give the program added strength.
“This centre will provide a resource for all Bahamians to receive advice and technical support, when seeking to open a business,” he said.
“The center will also steer entrepreneurs to funding and assist business owners to navigate tax requirements.”
Dr. Minnis also touted the new graduate programs at the university, which he said is needed to give Bahamians a competitive edge in the global market.