FG speaks on ‘planned N350,000 increment in tuition fees’ Gives Update on Education Bank
The President of Nigeria, His Excellency Mohammedu Buhari through the Federal Ministry of Education has addressed the issues concerning the proposed hike in tuition fees to the tune of N350000.
It could be recalled that a few days ago, there were some speculations that the Federal Government is trying to increase the tuition fees of federal universities across the federation. Though this statement was credited to the Academic Staff Union of Universities (ASUU), it created some panic amongst the students, lecturers and parents alike.
In view of this development, the President through the Permanent Secretary of the Federal Ministry of Education was forced to react to the situation. According to the Permanent Secretary, Mr. Sonny Echono, “President Muhammadu Buhari has directed the ministry of education along with the ministry of finance to jointly organise a workshop on a very sustainable and workable recommendation of funding education in Nigeria.”
HIKE IN TUITION FEES SPECULATIONS
When asked if the federal government has plans to increase tuition fees in Nigerian Federal Universities, Mr Ochono also said that “The Federal Government did not and has no intention of introducing new tuition fees in our public universities not to mention the figure of N350, 000.”
He however said that “What is true is that the present administration is committed to guarantee quality of education.”
UPDATE ON BANK OF EDUCATION
While speaking in a symposium theme: “The Right to Education means the Right to a Qualified Teacher’’, Mr. Echono added that the ministry was working toward re-establishing the education bank to address the role of education funding as the government cannot do it alone.
He said the role of the education bank would be to give loan at a low interest rate, saying this would not be limited to students alone but also parents.
On the right to education, Echono said every child has the fundamental right to quality education, adding that the ministry had developed strategies to ensure pupils and students with special needs were carried along.
Echono said that the National Teachers Institute (NTI) had also concluded plans to train and develop the capacity of primary and secondary school teachers in the 36 states and FCT.
To this end, students and parents are therefore advised to go about their normal businesses as the tuition fees are not going to be hiked, at least not yet.