Sunday, September 24, 2023
Solakuti.com
  • Breaking News
  • Nigeria
  • Opinions and Editorials
  • Covid-19
  • Economy
  • Elections
  • Politics
No Result
View All Result
  • Breaking News
  • Nigeria
  • Opinions and Editorials
  • Covid-19
  • Economy
  • Elections
  • Politics
No Result
View All Result
Solakuti.com
No Result
View All Result

FG Defends Varsities’ Fees Hike As Reps Propose 3% Increase In Students’ Loan Fund

1 month ago
in Education, Nigeria
Cede Speakership To South East, Coalition Tells APC

Federal Ministry of Education has defended the increment in school fees in government-owned universities, saying the development will cover high costs at the institutions.

This was as the House of Representatives proposed an increase of three per cent, as against an initial one per cent, for students loan from revenue generated yearly, as announced by President Bola Tinubu.

Permanent Secretary of the ministry, David Adejo, during a meeting with the House Committee on Students Loans, yesterday, explained that what was reported as an increase in tuition fees was simply an increase in charges by schools.

He was reacting to rumours that signing of the Students Loan Act had prompted several federal universities to increase their charges.

ADVERTISEMENT

Noting that no federal university in the country is allowed to collect tuition fees from students, Adejo said charges collected by institutions are used to pay for services, including electricity bills and accommodation.

He said: “What they collect is charges to cover the cost of accommodation, ICT, and power, among others. It is the governing councils of the universities that have power to approve such charges for them.

“The only university that increased charges after signing of the Student Loans Act is the University of Lagos. They came to the ministry with a proposal to increase their charges because all governing councils were dissolved, and we gave them approval.

“Immediately that was done, there was a resolution from the House stopping the increase in fees. And the President also gave a directive stopping any increase in fees. That is where it is, even though several others have brought their proposal.”

He also announced that implementation of the students loans scheme is scheduled to commence during the 2023/2024 academic session.

He said the President has directed completion of work on modalities for loan implementation, with a target start date in September 2023.

Adejo added that the President has established a coordinating committee, with the Chief of Staff serving as chairman. The committee comprises key entities such as the Central Bank of Nigeria, the Federal Budget Office, Ministry of Education, Ministry of Finance, and others.

Pass It On:

  • Twitter
  • Facebook
  • WhatsApp
  • Telegram
  • Email

Like this:

Like Loading...

Related

Tags: Fees HikeFGministry of educationStudents Loan
Share2Tweet1
Next Post
Niger Coup: Presidential Guard Chief Declares Self Head Of Govt.

Niger Junta Recalls Ivorian Envoy Over President’s Backing Of Military Intervention

Lets us know what you thinkCancel reply

0 Comments
Inline Feedbacks
View all comments
ADVERTISEMENT
ADVERTISEMENT
  • Tinubu

    Tinubu is 80 years old, a serial forger with multiple identities and a shady past – Odumakin

    7421 shares
    Share 2968 Tweet 1855
  • Cardinal Onaiyekan increases Bishop Kukah’s volume, advises Buhari to stop lying to Nigerians

    3930 shares
    Share 1572 Tweet 983
  • Video Of Abba Kyari Negotiating Drug Deal Released By NDLEA

    2644 shares
    Share 1058 Tweet 661
  • JUST IN: Bola Tinubu Files Emergency Appeal to Block Release of Academic Records Amidst Election Challenge

    1663 shares
    Share 665 Tweet 416
  • Ahmed Bola Tinubu aka Amoda Lamidi Sangodele – Nigeria’s Pablo Escobar?

    1794 shares
    Share 951 Tweet 351
ADVERTISEMENT
Solakuti.com

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

  • Basket
  • Checkout
  • My account
  • Player Embed
  • Privacy Policy
  • Search Videos
  • Shop
  • Solakuti
  • User Videos
  • Video Category
  • Video Tag
  • Contact

© 2020 SK's Blog - All Rights Reserved.

No Result
View All Result
  • Breaking News
  • Nigeria
  • Opinions and Editorials
  • Covid-19
  • Economy
  • Elections
  • Politics

© 2020 SK's Blog - All Rights Reserved.

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply
%d bloggers like this: