₦airaland Forum

It's all mathematics let's do a little analysis.

A private uni has about 6000 students

The tuition & accomodation is averagely about 500000 naira

Total revenue is 3,000,000,000 naira

They have 300 lecturers (that is a ratio 1lecturer: 10 students)

They have say 500 administration n services staff.

Total staff is 800 staffs.

Assuming the average salary of staff is 200,000 naira monthly so let's put it at 2,400,000( puting into consideration professors, senior lecturer, senior administration staff etc might earn more but balancing it with low earners like gate man, Gardner, security)


Total staff annual salary is 800×2,400,000= 1.92 billion

After salary payment the balance left for the school is 1.08 billion.

Other expenses
Cost of social amenities (electricity, water, generator).
Cost of maintaining laboratory.
Cost of additional/ upgrade machinery and equipment.
Cost of maintaining the school buildings and structures.

I'm afraid that the remaining money might not be sufficient in servicing the other expenses.

I might have to agree that they are under paid and probably have to depend on IGR to make a profit.

I know that in the UK locals have to pay close to£3000 as tuition excluding accommodation which is 900k naira. I think the US is similar if not more, the fact is that education is expensive all over the world and the reason Nigerian university is cheap is because the government still pays salaries of staffs in other countries the university fends for itself with little or no support from the government. I am of the opinion that the growth of our educational system depends largely on the independence of the institutions.

If only you know the cost of running a University......you cant compare private to Fed Uni which is funded by the FG. Hes absolutly correct.

Education is relatively cheap, though in some schools ;most especially the Federal Universities. But when you check the environment of the schools it's equal to the amount they pay in school.

Imortal001:
I dont agree with him! most private university in nigeria are too expensive joh..

Leave him!!! he thinks its fools that will read the interview.Imagine,.......................I would rather send my son overseas than a private university in this country.

basille:
What type of Beer parlour statistics is this, and to think its coming from a professor.

Now i believe this man is drunk. University of ghana ranks 1757 in the world and 22nd in Africa.
While University of ibadan ranks 15120 (-13363 difference) in the world and 62nd in africa.

You took that word out of my mouth.
Why will he be juxtaposing between the Ghanaian's university to Nigeria’s?

gabicon:
It's all mathematics let's do a little analysis.

A private uni has about 6000 students

The tuition & accomodation is averagely about 500000 naira

Total revenue is 3,000,000,000 naira

They have 300 lecturers (that is a ratio 1lecturer: 10 students)

They have say 500 administration n services staff.

Total staff is 800 staffs.

Assuming the average salary of staff is 200,000 naira monthly so let's put it at 2,400,000( puting into consideration professors, senior lecturer, senior administration staff etc might earn more but balancing it with low earners like gate man, Gardner, security)


Total staff annual salary is 800×2,400,000= 1.92 billion

After salary payment the balance left for the school is 1.08 billion.

Other expenses
Cost of social amenities (electricity, water, generator).
Cost of maintaining laboratory.
Cost of additional/ upgrade machinery and equipment.
Cost of maintaining the school buildings and structures.

I'm afraid that the remaining money might not be sufficient in servicing the other expenses.

I might have to agree that they are under paid and probably have to depend on IGR to make a profit.

I know that in the UK locals have to pay close to£3000 as tuition excluding accommodation which is 900k naira. I think the US is similar if not more, the fact is that education is expensive all over the world and the reason Nigerian university is cheap is because the government still pays salaries of staffs in other countries the university fends for itself with little or no support from the government. I am of the opinion that the growth of our educational system depends largely on the independence of the institutions.

I see......But why do we still have tuition free universities in the country ? how do they maintain the schools as well as pay the lecturers? IS it that the countries are too rich ?

ok.

for those of you criticizing this man. he is actually correct about the subventions public universities receive to run the institutions. The fees paid in public universities are subsidized. Why do people not do their research before blabbing and saying all sort of rubbish.

BobUg28:
This N500k, N600k and N1.5M they are talking about, is it per annum or the cumulative/gross total of what students pay all through their years of study while in School? Cos I don't seem to understand what he is saying.

Per annum.

arabianights:
Leave him!!! he thinks its fools that will read the interview.Imagine,.......................I would rather send my son overseas than a private university in this country.

Overseas....where the fees are far higher than your garden variety Nigerian university.

That is if you can afford it. if you complain that private universities in Nigeria are expensive,google universities in US and UK. Common public university in those countries i doubt if you can afford them with your myopic thinking.

arabianights:
Leave him!!! he thinks its fools that will read the interview.Imagine,.......................I would rather send my son overseas than a private university in this country.

Phemorinho:
That is if you can afford it. if you complain that private universities in Nigeria are expensive,google universities in US and UK. Common public university in those countries i doubt if you can afford them with your myopic thinking.

Do you even understand what am expressing at all? Kai abeg go on and have a niiiiiccccce week ahead, you hear?

resip sua loquitor,(the thing speaks for itself),you quoted someone else's post that the fees are too expensive. if you dont know how to express yourself maybe you should just.....you know

arabianights:
Do you even understand what am expressing at all? Kai abeg go on and have a niiiiiccccce week ahead, you hear?

bushdoc9919:
Overseas....where the fees are far higher than your garden variety Nigerian university.

Not all dear. My point was basically on the fact that even with the money we spend,the children are still not well educated so if one can bring out such an amount ,why not just simply send him to a good school overseas?

Get it? i have no issue in spending millions to train a child as long as its quality education.I my self want my son (when i get one ) to either attend Mit,Oxford or Cambridge

Phemorinho:
resip sua loquitor,(the thing speaks for itself),you quoted someone else's post that the fees are too expensive. if you dont know how to express yourself maybe you should just.....you know

Well noted.I will learn from you. no need to translate latin as i understand it.you be lawyer?

your head is there Sir!.

sarutobie:
kai! majority of nigerians are irredeemably ignorant! what he is saying in a layman's words are that government schools are heavily subsidized. And even at that, some subsidized government schools (state universities in particular) still pay between 150k-200k per annum..jeezz

as a matter of fact i'm not a lawyer, i'm an accountant.

arabianights:
Well noted.I will learn from you. no need to translate latin as i understand it.you be lawyer?

basille:
What type of Beer parlour statistics is this, and to think its coming from a professor.

Now i believe this man is drunk. University of ghana ranks 1757 in the world and 22nd in Africa.
While University of ibadan ranks 15120 (-13363 difference) in the world and 62nd in africa.

The prof is right, visit ghana and you will be shocked at the level of underdevelopment in that country. The man is exposed and well travelled and knows what he is saying.

fabre4:
Sometimes being a professor does not equate to having common sense

Imortal001:
I dont agree with him! most private university in nigeria are too expensive joh..

helphelp:
Ode ni prof yi sha

ammyluv2002:
He's not serious

Flashh:
[color=#225484]He didn't talk about quality education he is talking nonsense.

Drunkard. [/color]

dridowu:
2 much paraga and ale is worrying this man

Apsssal:
lollll, its low for the rich man but costly for the poor man that has been jopardized by looters called leaders.
Hw can u expect the fee to be low for political leaders that sponsor their wards abroad?

Good afternoon my country people.

Before I comment...may I refer you to this post (click here)

Private universities in Nigeria recieve zero funding from government. As a result they have to raise money from the fees they charge....which is why many of them charge high fees.

If you want them to charge low fees....ask the government to take them over. But with the embarrassed state of our treasury...I doubt that the government would agree.

And the prof is right. In Obodo Oyinbo(US)....private school fees start from $22000-$50000. (N4,379,100-N9,952.500..4million-10million naira approx yearly). As a result....oyinbo universities can afford nice buildings, nice facilities, nice libraries, nice sports facilities, etc. They also get billions in funding from donations....and such.(And some universities in the US...eg Duke, cost 58000 USD.....that is over 10 million naira.).

Now...I am not saying that we should raise fees to N4 million per session. I am saying that Prof , whom you insult , is right. Nigerian universities are not as expensive as foreign universities....I mean the private ones.

You Nigerians want awoof....but you do not want to pay for the awoof. Note that we are oil dependent, and we produce about 3million barrels per day. Oil prices have fallen.....and we have to share the money we make among 170 million people....whereas Saudi, UAE and Norway have to share their oil money among populations less than 15 million.each.

The truth of the matter is....we have to pay higher for quality. After all...some of you say Nigerian universities are bad...and yes...some of the universities are presided by corrupt entities. But.....even then.....universities need funding. So...as you dey insult Prof...think about that.

Phemorinho:
as a matter of fact i'm not a lawyer, i'm an accountant.

Good for you.

exactly

bushdoc9919:
Good afternoon my country people.

Before I comment...may I refer you to this post (click here)

Private universities in Nigeria recieve zero funding from government. As a result they have to raise money from the fees they charge....which is why many of them charge high fees.

If you want them to charge low fees....ask the government to take them over. But with the embarrassed state of our treasury...I doubt that the government would agree.

And the prof is right. In Obodo Oyinbo(US)....private school fees start from $22000-$50000. (N4,379,100-N9,952.500..4million-10million naira approx yearly). As a result....oyinbo universities can afford nice buildings, nice facilities, nice libraries, nice sports facilities, etc. They also get billions in funding from donations....and such.(And some universities in the US...eg Duke, cost 58000 USD.....that is over 10 million naira.).

Now...I am not saying that we should raise fees to N4 million per session. I am saying that Prof , whom you insult , is right. Nigerian universities are not as expensive as foreign universities....I mean the private ones.

You Nigerians want awoof....but you do not want to pay for the awoof. Note that we are oil dependent, and we produce about 3million barrels per day. Oil prices have fallen.....and we have to share the money we make among 170 million people....whereas Saudi, UAE and Norway have to share their oil money among populations less than 15 million.each.

The truth of the matter is....we have to pay higher for quality. After all...some of you say Nigerian universities are bad...and yes...some of the universities are presided by corrupt entities. But.....even then.....universities need funding. So...as you dey insult Prof...think about that.

fabre4:
Sometimes being a professor does not equate to having common sense

you are mouthed my buddy. Some people don't reason with their cerebrum before spewing trash.

bushdoc9919:
Per annum.

Jezz! That's too much. How do they expect those living below $5 on daily basis to send their children to school?

BobUg28:
Jezz! That's too much. How do they expect those living below $5 on daily basis to send their children to school?

That is why Nigeria must become an industrial society, and we must diversify the economy away from oil.

We must also become a law abiding society and end corruption so that investors can come in their thousands and create jobs and pay hefty taxes...so that we can subside education properly.

bushdoc9919:
That is why Nigeria must become an industrial society, and we must diversify the economy away from oil.

We must also become a law abiding society and end corruption so that investors can come in their thousands and create jobs and pay hefty taxes...so that we can subside education properly.

Comrade I believe you sir, but do you think it's going to be an easy task base on what Nigeria is facing today?

this man for say some private uni. cos abuad is an exemption.

arabianights:
I see......But why do we still have tuition free universities in the country ? how do they maintain the schools as well as pay the lecturers? IS it that the countries are too rich ?

Most of the countries with free tuition follow a distinct population pattern, you would hardly hear of countries with population of say 80million having all free education. As regards your question other oil rich countries have less population going to university compared to Nigeria hence they can foot these bills.

oluwaKStar:
go to private universities abroad and you will understand what expensive is...havard costs 45 million or there about

You mean 45 million naira per annum?

dis one no no wetin him dey talk..rubbish

Meanwhile,get $20 immediately you register.its real and easy.Use the link on my signature to start earning

helphelp:
Ode ni prof yi sha

Kai! I don't understand yoruba, but I'm very sure u've caused serious harm to this man with what u said. Lol!

I gazz learn yoruba Sha, their insult dey sweet scatter. Lol!

fabre4:
Sometimes being a professor does not equate to having common sense

ma guy abeg nor kill me with laugh

olajorn:
Education is actually cheap in Nigeria,not only private university...maybe that's why we have a low Standard of education, and none of university could manage to be ranked among top 700 university in the world

Not maybe sir, that in fact is the reason but in a place where corruption is embedded, what can we say