“government Can’t Fund Universities Anymore” – Federal Government Declares - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › “government Can’t Fund Universities Anymore” – Federal Government Declares (4815 Views)
| “government Can’t Fund Universities Anymore” – Federal Government Declares by PENTALK360(op): 8:05am On Jun 15, 2023 |
President Bola Ahmed Tinubu’s led Federal Government has announced that the government can no longer bear the financial burden of universities in the country. PENTALK360 reports that during a media briefing in Abuja on Wednesday, Permanent Secretary for the Federal Ministry of Education, Andrew David Adejo, emphasised that while universities already enjoy autonomy, they lack financial autonomy. Adejo explained, “Whether we like it or not, the government can no longer foot the bill for universities. That is why we are pursuing private-public partnerships. The universities already have autonomy; what they lack is financial autonomy. Once they obtain it, they will be able to address this issue, and the government is actively working towards that goal.” In addition to this development, President Tinubu has instructed relevant stakeholders to ensure the disbursement of student loans by the end of the September/October 2023/2024 Academic Session. Addressing some speculations, Adejo clarified that an inter-ministerial committee would be inaugurated next week to streamline the loan application process, aiming to provide loans to students within six weeks. He also emphasised that the loan scheme would not solely benefit public school students, as private school students also deserve the opportunity to access the financial support. Adejo highlighted the need to cover not only tuition fees but also other expenses, such as accommodation and living costs. “We want to ensure that the loan scheme sustains students throughout their education. It’s not just about paying tuition; it’s about providing a comprehensive solution to support students in their academic journey,” Adejo stated. He further emphasised that the current act aims to learn from past mistakes, where there were more defaulters than successful loan repayments. “You can’t give someone a loan and say, pay tuition without sustaining his school. No, you have to get accommodation; even if tuition fees in public universities are free, you still pay for your accommodation and the federal government would not give you loan that will not make sure you get in school, stay in school and graduate” “We want the current act to learn from the mistake of the past where there are more defaulters than people that paid the bill, the past is like it is a government money come and take and go, free money but that is not going to be the case with this.” 1 Like
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| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by helinues: 8:07am On Jun 15, 2023 |
Put better curry first.. This fit be as usual concorted article 2 Likes |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by 001Lagos: 8:09am On Jun 15, 2023 |
helinues:I was expecting you to hail Tinubu as usual na E go clear for una eyes 25 Likes 3 Shares |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by Agbadocassava: 8:10am On Jun 15, 2023 |
We move 1 Like |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by helinues: 8:11am On Jun 15, 2023 |
001Lagos:Don't waste another 4 years crying and teeth gnashing Life is too beautiful than that 4 Likes 1 Share |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by CodeTemplar: 8:14am On Jun 15, 2023*. Modified: 11:55am On Jun 15, 2023 |
Lol... I rightly predicted all subsidy removals. Forex, Petrol and Education all gone within 20 days of the new govt. Next will be massive looting via PPP arrangement like we saw in Lagos over the last 24 years. There is a reason why armed robbers dont grow old in the society but end up dead or incarcerated. They never get satisfied. Expect electricity and fertilizer to follow. 17 Likes 3 Shares |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by SalamRushdie: 8:14am On Jun 15, 2023 |
We told you Student loan was just trick to get you to accept unaffordable tuition..Many of you are about to never get university degrees again. 20 Likes 3 Shares |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by CodeTemplar: 8:16am On Jun 15, 2023 |
helinues:I can see why money must be made by your paymasters now. Short indeed. 4 Likes 1 Share |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by ayokellany: 8:21am On Jun 15, 2023 |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by SpecialAdviser(m): 8:24am On Jun 15, 2023 |
I told people to wait for a year to understand the disaster they voted as president and some people thought I was joking. 14 Likes 1 Share |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by Derrickfoster1: 8:26am On Jun 15, 2023 |
SpecialAdviser:No one voted the cocaine sniffing animal 7 Likes |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by lonecatt(m): 8:29am On Jun 15, 2023 |
but they can give student loans that will be paid back  |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by Jokerman(m): 8:47am On Jun 15, 2023 |
Of course. In this day and age, how can a student of STEM be paying 20k as school fees 🤣🤣🤣 2 Likes |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by Nobody: 9:03am On Jun 15, 2023 |
001Lagos:Precisely the same has happened in the most advanced nations of the World where Government no longer subsidize University education and have instead deployed low interest or zero interest loans for the cost of university education. Those who cannot or do not wish to go to University can be supported with vocational training that gives them expert and work-focused skills towards nations creating a more efficient and productive workforce. It is not all about University educatiion alone. More about creating a good model of education and accessible training to keep Nigeria in steady supply of efficient and productive workers and solutions providers. The model has proven to be efficient because It a productive way forward as nations grapple with dwindling resources that forces them to work with an awareness of 'economies of scale' necessity. This is all in line with fundamental reforms Nigerians must support for a much brighter future. 4 Likes |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by nedu666: 9:07am On Jun 15, 2023 |
CodeTemplar:It remains electricity and fertiliser subsidies. This is all imf and world bank reforms. The end result more poverty. |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by Flets: 9:08am On Jun 15, 2023 |
Nigerians should get ready to forfeit tertiary education. Tuition fees will get to a minimum of 350K naira per session. Imagine a family with a combined income of 600K, with two children in the university..... officially they cannot access the supposed loan and they have to pay for two children at the new rates. Even the so called loans will not be readily accessible, the bureaucratic bottleneck associated with all things in Nigeria will ensure less than 30% of the applications gets approved and will require connections in high places. With the misguided celebrations i see with the recent policies, I realize say suffer no dey tire Nigerians 16 Likes |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by MXrep: 9:10am On Jun 15, 2023 |
helinues:Stop repeating this gibberish 2 Likes |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by CodeTemplar: 9:11am On Jun 15, 2023 |
nedu666:Your thinking cap is not having BAT design walahi... While all the western nations are judiciously managing their own welfares and subsidies they tell our undisciplined leadership to take the easy path that leads to economic destruction. |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by MXrep: 9:11am On Jun 15, 2023 |
The north has been scammed by Tinubu. Southerners will soon overrun northern federal universities since poverty is high there 2 Likes |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by CodeTemplar: 9:13am On Jun 15, 2023 |
MXrep:it will shock you when they start dealing with you guys. Ever wondered why the north has led EFCC virtually since inception? 1 Like |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by GeneralPula: 9:16am On Jun 15, 2023 |
helinues:It is bro. It was what the PS said yesterday. Just another blogger re-twisting it to make some money since bloggers understand well Nigerians don’t read! FG already said loan would commence by ember months! PENTALK360 reports that during a media briefing in Abuja on Wednesday, Permanent Secretary for the Federal Ministry of Education, Andrew David Adejo, emphasised that while universities already enjoy autonomy, they lack financial autonomy. Adejo explained, “Whether we like it or not, the government can no longer foot the bill for universities. That is why we are pursuing private-public partnerships. The universities already have autonomy; what they lack is financial autonomy. Once they obtain it, they will be able to address this issue, and the government is actively working towards that goal.” |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by citygarden(m): 9:16am On Jun 15, 2023 |
I don't believe this nrws, until when reliable news outlets publish it. The government can still debunk the news |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by Adabestseason(m): 9:18am On Jun 15, 2023 |
Government removed fuel subsidy and still universities would not be properly funded,are you people reasoning with your anus 5 Likes |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by Efna55: 9:20am On Jun 15, 2023 |
The this news is hard to stomach! What will our children do. Mainwhile stop taking drugs that will harm your health after sex, check my profile of natural way to prevent pregnancy after sex.. |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by forgiveness: 9:25am On Jun 15, 2023 |
SalamRushdie:Will the loan be limited? That's what is obtainable in the so called U.K and American universities Nigerians are running to. Once the standard of education is sustained in Nigeria, we can attract other African students to bring their money to study in Nigeria. Our Universities must be well funded by generating funds through tution fees to attract foreign students. Of course, I expect government to also create scholarship schemes for genius students. This system adopted by FG is ongoing in U.K, America, Brazil, Canada etc but you think Nigerians shouldn't adopt it because they will be poor forever. The next step is to review the minimum wages to per hour. That will enable students to pay their dept 3 Likes |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by Flets: 9:26am On Jun 15, 2023 |
Grayoso:Do you really understand Nigeria?, can you mention one policy adopted in developed nations that has worked effectively here in Nigeria. Any policy that has not considered the corrupt and unitary system of government operated in Nigeria is bound to fail. |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by Flets: 9:31am On Jun 15, 2023 |
forgiveness:Please which jobs will pay Nigerians per hour?, government provided jobs or private sector?..... today's Nigeria has unemployment rate at 35% but you make policies and assumptions that does not reflect Nigeria's reality Every sector in Nigeria has immense corruption going on but you expect the universities to get more money and utilize it properly without looting? Which planet una come from sef? ....... Government universities with more money at their disposal are not same with private universities managed by its owner, watch out for the level of looting in Nigerian universities going forward. 1 Like |
| Re: “government Can’t Fund Universities Anymore” – Federal Government Declares by Nobody: 9:35am On Jun 15, 2023 |
nedu666:No. The short to medium term socio-economic plan of Nigeria should be a focus on reforms that aids greater availability of cash to spend on critical capital projects like power supply, road and transport infrastructure, healthcare etc. Nothing wrong with the government replacing subsidized University education with a more efficient model that can also provide better quality education for those who choose to attend university. In virtually every sector, Nigeria's current approach is too 'scattergun to succeed. I.e Jack of all trade and master of non. We susbsidize University education yet produced an education sector that today returns poor and sub-optimal graduates in comparison to others universally. Proof of this is how the average Nigerian graduate is not a solutions provider as others are for their nations worldwide. For example, we don't have cutting edge and homegrown manufacturing, agricultural, science and tech, construction/civil engineering solutions because our university education can not match that of nations who provide the type of graduate who, as one example, come to Nigeria to oversee civil engineering projects. Removing subsidy on University education kills several birds with one stone. Government will have more to spend on sectors most ambitious and successful nations know that failure is never an option in. I.e power, road and transport infrastructure, healthcare etc. Also, Universities can invest more in provisions of quality education if an efficient funding method is delivered that enables them meet the balance of.providing quality education to as many Nigerians as possible. Where I would hold the Tinubu government accountable is the insistence all these reforms, that will cause discomfort to Nigerians in the short term, must manifest in the provisions of greater road network and transport infrastructure, adequate power supply nationally, modern and optimal healthcare to end overseas search for medical treatment, greater and urgent assistance for the creation of a booming SME sector, able to provide far more employment for Nigerians, etc, etc, etc. 1 Like |
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