Hugo Chavez to nationalize Venezuelan private university

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CARACAS, VENEZUELA (BNO NEWS) — Leftist Venezuelan President Hugo Chavez announced on Tuesday night on his Twitter account his plans to nationalize a private university.

“I inform, attention Barinas, students of the Univ. Santa Inés, I have just approved the nationalization plan, for the good of all. Now: FOR FREE,” said the Twitter message.


The government had banned the operation of the Santa Ines University because it “did not meet the legal and ethical requirements to establish and sustain a private university,” according to the Venezuelan government.

“It offered degree programs illegally,” said Education Minister, Edgardo Ramirez, according to the El Universal newspaper.

Since 2007, President Chavez is conducting an intensive campaign of nationalizations of strategic sectors as electricity, cement, steel, food, oil and banking.

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