HARARE (Reuters) - Zimbabwe’s cash-strapped government plans to build a $1 billion university named after 93-year-old President Robert Mugabe, the higher education minister said on Wednesday, a move that was quickly criticized by the opposition as a waste of resources.

President Robert Mugabe addresses supporters of his ruling ZANU (PF) party gathered for a rally in Chinhoyi, Zimbabwe, July 29, 2017. REUTERS/Philimon Bulawayo

Jonathan Moyo, Higher and Tertiary Education Minister, said the Robert Gabriel Mugabe University would focus on science and technology and have an institute focusing on research and “transformative and revolutionary leadership.”

“Cabinet has approved a grant of $800 million towards the construction of the Robert Gabriel Mugabe University and a grant of $200 million towards the University Endowment Fund for research and innovation,” Moyo said.

Mugabe and his wife Grace are the founding trustees of the university that would be built outside the capital Harare.

While Mugabe’s rule was promising at independence in 1980, the ageing leader has been accused of wrecking the economy of the former breadbasket of the region through populist policies such as the seizure of white-owned farms.

The main opposition Movement for Democratic Change (MDC), criticizing the plan, said Mugabe’s government should instead improve existing underfunded universities around the country.

Students at state run universities and colleges struggle with lack of accommodation and crumbling infrastructure, while the government does not offer grants to help the universities.

With formal unemployment above 90 percent, most graduates are forced to take informal jobs, mostly hawking goods on the streets or seeking employment in neighbouring countries, to pay for their studies.

“This is populism that defies logic. It is meant to stroke Mugabe’s ego because we know this government is broke,” Obert Gutu, MDC spokesman said.

Zimbabwe struggles to pay its workers and spends more than 90 percent of the national budget on salaries, leaving very little for roads, hospitals and education.