Prime Minister Najib Abdul Razak said private initiatives are much appreciated in the development of national education as the government alone is unable to meet all educational needs.

He said although the government had provided substantial allocations, they were insufficient as the field of education required greater expenditure.

"A lot more allocations have to be provided at all levels if we want to make our education sector to be among the best.

"There is no government in the world that can fund education all by itself," Najib said when launching the 'Community Chest' education fund here today.

The private sector-driven fund aims to promote and support education for the benefit of the Malaysian community.

It also provides scholarships and help eligible and deserving students gain access to quality education.

Najib said he was delighted that the private sector was able to look at more creative solutions to support education in the country.

- Bernama