They say the plan is to make the rich share in the pains of the students.
The artifacts were stolen during the colonial era, but Germany agreed to return the ones in its possession.
The Nigerian president will hold bilateral talks with world leaders and investors.
Minister of Interior, Rauf Aregbesola, said Thursday's conferment ceremony is the first to take place since 2018
It comes after President William Ruto called fuel and food subsidies "costly and ineffective", in his inaugural speech.
He also said the party has all it takes to win elections at all levels.
When completed, the project will supply about 3 billion standard cubit feet of gas along the coast of West Africa.
He also vowed to privatise refineries instead of using $1.55bn to revitalise them.
The ceremony was attended by at least 20 African Heads of State and Government and their representatives.