President Iajudin Ahmed has asked the private universities to offer large-scale scholarship programmes and generous fee waiver for the poor but meritorious students, report agencies.
The President, who is also Chancellor of the American International University-Bangladesh (AIUB), said this while addressing the sixth convocation of the AIUB at the Bangladesh-China Friendship Conference Centre in the city Sunday.
The President said the competitive global economy and the digital divide have posed challenges for a country like Bangladesh that can be responded only by harnessing human resources.
"The universities play a pivotal role in preparing skilled manpower in the country. I am happy to know that AIUB is making investment in human resources educational infrastructure, laboratory facilities, library and teaching aids and facilities."
The ceremony was also addressed by Education Minister M Osman Farruk, former President of the Philippines Fidel V Ramos and Vice-chancellor of AIUB Carmen Z Lamagna, and founder chairman of the university Anwarul Abedin.
Iajuddin paid tributes to the memory of the martyrs of the historic language movement and prayed for the peace of the departed souls.
He said it is heartening to note that Bangladesh is slowly emerging as a middle-income country erasing its past label of least developed country having a population of 140 million in a small geographic area.
"We have achieved significant progress in macro-economic aspects, health and nutrition as well as reduced child mortality rate significantly and have succeeded in our immunisation programme" the President added.
On the occasion, VC of AIUB Carmen Z Lamagna handed over certificates among the graduating students.
Speaking at the convocation, Osman Farruk said the AIUB, its administration and teachers have worked well to create 'great leaders of tomorrow'.