IBS Makes History-As it is Recognized as PNG’s First Privately Owned University

The Institute of Business Studies (IBS) was announced as the country’s first privately owned University in Papua New Guinea. The announcement was made by the Minister for Higher Education, Research, Science and Technology (DHERST) Hon.MP, Wesley Ramina at the university’s first Graduation of 180 pioneer student’s graduation. The student’s graduated with Bachelors, Associate degrees and Diplomas in Accounting.

Recognition by National Higher and Technical Education Board.

The approval of granting IBS private university status recognition was a decision by the National Higher Education and Technical Education Board in their special meeting held on July 5th, 2021 which recommended IBS to be registered as a Private University in accordance with Section 117 (4) of the Higher Education (General Provision) Act of 2014.  IBS will then have directed to prepare and present a Bill of Act establish IBS as a private university to him which will be formally endorsed by National Executive Council (NEC) for enactment.

My former predecessors as well as key persons put in charge to make decisions for IBS have failed the Institution as they had their own hidden motives. For me, it is the much awaited good news.  I want to deliver to the IBS University Council Members, Vice Chancellor, students, parents and other stakeholders gathered here that as a Minister responsible. I will act within my powers to make IBS University fully functional , advising and directing IBS to align its efforts in meeting certain conditions set by DHERST. I appeal to the IBS University Administrator to work closely with my key staff and the acting Secretary Dr.Francis Hualopmoni and support staff to make this a reality before we go into the 2022 National General Elections, “ 

Minister for DHERST Hon.MP, Wesley Raminai.

Past Recognition Questioned.

The Minister also highlighted that IBS is recognized as an institution for higher Education by the then Commission of Higher Education, Commissioner on 25th July 2007. NEC has approved its status and gazette it on January 25,2017.  However, this recognition was questioned by DHERST Secretary Fr.Jan Czuba  stating IBS did not follow the due processes and procedural matters not met.

See ibs-university-status-limbo/

See IBS-university-status-debated

After these events, this news is a welcome news for IBS staff, students and parents and the general public. IBS University Chancellor Mr. Gabriel Pepson acknowledged IBS Founder Sir Nick Nades’s as key driving force behind the success of the once small study center for diploma courses  in commerce, to becoming the fully fledged university that is today.

IBS Campuses

IBS now has two campuses. It’s original six mile  Saraga Campus within the city of Port Moresby, which is offering mainly its diploma and technical courses and IBS Mt.Eriama Campus, along Sogeri near Pacific Adventist University and Marianville Girls Secondary School.

IBS also had a campus in Enga Province in 2012  but it is now closed and students transferred to the two campuses in Port Moresby.

For full information about IBS University  visit www.ibs.ac.pg