₦airaland Forum

WritePal:
Why should Hausa be written in arabic script? Yoruba translation of the value of the note is written in Yoruba alphabet, same with Igbo... Why should Hausa's be different. Those are mischievous arguments to foist a religious agenda on Nigeria.

Why should English be written in the Roman Italian/Latin script.? Or for that matter our native languages....Yoruba and Igbo (which has Nsidibi script...native to Igbo land) in a foreign Roman script?

Well...someone is foisting a Pagan Roman agenda on Nigeria and England, and France....because it was Pagan Romans who developed Roman/Latin script.

And if you are a Chrsitian, why are you scared of Muslims? Is there no God in Nigeria?

alezzy13:
Which kind boju boju economics be this? Printing of lower denomination notes leading to inflation? When in fact it is the direct opposite. It is the higher denominated notes that actually lead to inflation.

Well , yes, that is true....BUT...having more lower denominated notes....means you have to spend scarce forex printing them....which means our forex reserves go down...which makes inflation worse.

Plus...you also need more smaller denomination notes to buy stuff...and that makes inflation worse too.

FarahAideed:
you are just being mischivious ...there is a process for mopping up old notes and replacing them so how come only the 100 naira note is being disregarded

It costs the same to print a N1000 note and a N100 note....and because the lower denomination notes are printed in the country, while the higher denomination notes (N200 and above) are printed outside...it makes plenty sense to save forex and print higher denomination notes.

Mind...mopping up old notes means that we have to make new notes...which in the case for N100 means going out of the country to do so. Then we also have to print new notes...to keep up the money supply...and that is a potential additon to the cost.

(CBN has been doing this from time to time..so it isn't a new thing).

On a side note...we print lower denomination notes outside the country...because they are made of POLYMER...which lasts longer.(Lower denomination=heavy use) Of course it is more exepnsive.

See the problem?

This article from 2016 has some info

FarahAideed:
you are just being mischivious ...there is a process for mopping up old notes and replacing them so how come only the 100 naira note is being disregarded

It costs the same to print a N1000 note and a N100 note....and because the lower denomination notes are printed in the country, while the higher denomination notes (N200 and above) are printed outside...it makes plenty sense to save forex and print higher denomination notes.

Mind...mopping up old notes means that we have to make new notes...which in the case for N100 means going out of the country to do so. Then we also have to print new notes...to keep up the money supply...and that is a potential additon to the cost.

(CBN has been doing this from time to time..so it isn't a new thing).

On a side note...we print lower denomination notes outside the country...because they are made of POLYMER...which lasts longer.9 Of course it is more exepnsive.

See the problem?

This article from 2016 has some info

spartan117:
thrash

You flatter me, good sir.

the old notes are simply removed from circulation and new replacement notes bearing thesame serial number is printed.so it can't cause inflation

secondly it does not cost billions of dollars to print 'paper currency'
where did you get this idea from lol

1.We print the lower denominations...ie N100 and below....abroad. It is the N200 and above that are printed in the country via the NSPMC.(The Mint).

2.Naira notes cost money to print....it isn't just printing paper, you also have to put in security features to beat forgers, and also the material has to be long lasting. Add the fact that we have billions of naira in circulation....

3.And we also have to print new notes...in additon to replacing old notes.

4.And this article from 2016 put it well

However, the sources said the high cost of printing banknotes was the reason the apex bank did not give out contracts for their production.

“The cost of printing N50 is almost the same as N1,000. Printing small denominations costs more than the value, and with the present economic situation, it makes sense to print higher notes, which can be done locally by the NSPM,” one of the sources explained.
https://punchng.com/cbn-fails-print-small-naira-notes-one-year/

So you see.

It isn't as easy as it looks.

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Lilimax:
Arabic is not our official language Mr man
Why should it be on the naira note ?

1.The language on our Naira note is not ARABIC...but Hausa written in the ARABIC SCRIPT.

(Japanese and Korean are also written partly in the Chinese script, as are English, German, French written in the LATIN/ROMAN SCRIPT).

2.Many NorthernHausa still write using the Arabic script in Hausa.....though Hausa is now increasingly being written in the ROMAN/latin script....

3.Hausa is a Nigerian language.iT IS also spoken in many West African countries....Niger, Benin and Ghana are examples.!

4.Anyway...me too I think the Ajami script should go. i am just tired of Nigerians claiming that Arabic=Muslim. So, Al Kitab...the Christian Bible in Arabic is a Muslim book?

If you want new 100 nara notes

1.Be prepeared for run away inflation...because overexcess of samll denomination naira notes means more money chasing few goods=inflation.

2.Be prepared for our foreign exchange reserve to be drained even more...BECAUSE it costs billions of dollars to print notes..which means less dollars to buffer the naira= inflation.

Better we find ways to improve our forex reserve by...you know...removing subsidies, fighitng kwarruption pery well, industrial development, getting off oil dependency.

The restitution bit..scary

Here are some cold hard facts.....

1.In 2009...ASUU and FG signed an agreement that would have guaranteed N3 trillion in annual additional funding for our universites.

(Interested guys and gals can read the agreement here

2.In 2013....ASUU was told by the Government of the day....that N3 tirllion per annum WAS NOT FEASIBLE. Instead N1 trillion was offered to our universities in tranches of N200bn over 5 years.

3.Meanwhile...for context....our educaiton budget this year was N800bn (and most of it is earmarked for primary and secondary schools...which in my opinion need at least N5 trillion per annum to function well). Our budget overall was N8trillion

4.Most government universites are BROKE. (ABU's VC said as much in 2017....he has an overhead cost of N600million per annum...and government gives him N100million for overheads. Now...where is he going to get N500million from?)

5.Our universites produce half baked graduates because they have no facilities...which means research cannot be done..which means they find it diffuclt toattract funding from non government sources...which makes them produce more half baked graduates.

6.It cost N300000 to train one Nigerian student in a Nigerian unviersity for one year. (2009 estimate) .Some experts put the cost higher...N600000-over 1 million (Chief Afe Babalola, owner of ABUAD puts it even above 1.5million).

7,Nigerian relies on oil to fund its budget. In 2013....when we had a good economy as PDP faithful tell us..and when oil was above $100 per barrel....govt could not afford 3 trillion in extra funding for universites. Since Bubu took over, oil has never risen abovre $80. And now....we need oil at $140 to run a balanced budget that would be ENOUGH for all Nigeria. Tell me,,,,,how will we fund unviersites under this regime.

8.I am sorry....you can abuse me, my family, my dogs, my cats, even my pet rabbit who lives in Lokoja....but we have no choice....we muist INCREASE university fees....to at least N400000. per annum....yes, peoiple will suffer....but our unis would be able to afford facilites that would enable them to be competitive.

Because you cannot expect Cambridge level degree on just $1000 a year.


OR....we just keep on taking loans, OR we raise taxes .....OR we remove fuel subsidy completely, allow marketers to raise fuel price to N400 per liter while we tax them heavily...and use subsidy savings to fund educaiton....

I am sorry...but it is high time we faced the fact. We are NOT ARICH NATION. WE CANNOT AFFORD CHEAP FEES.

I don talk my own!

UncleJudax:
No. But it depends on your definition of formal education.

I am particularly disturbed by your assertion that paying tuition would make people to study harder. That's hogwash.

Here in Germany, there is no tuition, and the students are eager to learn. Even if you want to raise the fees, why not first raise the structure? Let universities, colleges of education and polytechnics do what they are meant to do.

You can always point to people who have made so much money and name without a university education, but you have to also know that these people are nationals of countries that have already attained where they are because of their education structure.

Nigeria doesn't have such a structure

Yes, tuition is free in Germany....at the cost of half your annual income in taxes.

We cannot do that in Nigeria...there would be riots on the street.

mrvitalis:
This is sad

Why can't God just come out from heaven or even a voice and tell us this and this is the right way to worship me

Is he really happy as people are fighting over him?

Well that's if he is even REAL

If you think that humans will stop fighting when religion ceases to exist....you are really dreaming.

Humans are a fighting species. If it is not religion, it is tribe, race, job, etc....

Mariangeles:
Maradona has always been jealous and obsessed with Messi's success... He wants to be recognized as the only all time great of Argentina, but Messi is and will always be better than him .

He was and still is a junky !

Maradona isn;t jealous of Messi....

Infact, when Maradona was coach of Argentina...he even SPECIFICALLY TRIED TO builD his team around Messi(Not the actions of a jealous person,eh).Problem was....Argentina's national team is not Barca.

If you read the article, you would see that Maradona is saying Messi should retire from international football BECAUSE ordinary argentines are blaming him for the national team's poor form....instead of them to blame lack of good players...AND the coach.(whose bad tactics made them to nearly crash out of the world cup in round 1)

I don't think it is Messi's time to retire yet...though I get where Maradona is coming from.

Once you are a talismanic player, if the team is not doing well, it is all your fault.

Forget that Argentina's bad performance at the 2018 World Cup was down to bad tactics from the coach, plus poorplayer selection. (Rumor has it that Argentina beat Nigeria in the last group game because the players revolted and took over coaching decisions....).

Argentina can win ONLY if they can find a way to replicate the environment Messi has at Barca...till then, forget it.And that means getting the right coach too

Wizaustin54:
noted..

are you saying Nigeria does not have internally generated revenue or even taxes to fund education and other projects...

money borrowed from IMF has nothing to do with funding education..... besides education is supposed to be Free ...

when we are being governed by a government as APC....there bound to be failure in every sector including education funding ...

1.We rely on oil. And we need to have oil at $140 per barrel before we can be comfortable

2.Education is free at a price. In Denmark and Germany, education is free.... at the cost of half your salary in taxes.

3.APC has failed, but let's be frank. If GEJ, who I am sure you regard as good, could not afford to pay 3trillion in extra funding for universities, when oil was above $100 per barrel, how much more this govt at $80 per barrel.

4.Technical education is cheaper than university education. Govt should focus on that and let universities increase fees.

No such thing as free lunch. We are a poor country, and our corrupt leaders make it worse.

kingy1:
If you like o, increase the fees to 2million naira a semester the education system will still not improve because, presence of 1. Corruption, 2. Poor and archaic curriculum. 3. Semi-skill lecturers. 4. Poor population control and the large fallow labour force. Because, increament in education budget will not 1. drive away corruption rather, it will leads to more funds embezzlement as far nigeria is concern. 2. It will not check half baked lecturers due to the effect of godfatherism and connection cause, godfatherism only demands loyalty and not ability. 3. It will not make viable the old education system as what nigeria needs right now is a new system, structure and curriculum. 4. Increase in education budget will not create enabling environment for the large cache of graduates in the country to thrieve as it is the government thing to do rather, it will only create an archive of skilled graduates. So, what is the esence of hardly used skill. Moreover, how much has the huge revenue generated in the country help grow and develope our economy so far? My taughts.

So we should not fund education because corruption.

Thanks, but that is a recipie for disaster.

We have archaic half baked system because funds are not there to improve things and make them better.

Let us stop being so cynical okay?

9gerian:
So be it; let’s spend half our budgets on education. At least we would have saved the next generation from degradation.

After all, what have we been spending on; if not greedy politicians, very outrageous elections and the lifestyles of hangers on around the corridors of government.

Small wonder election will get all its budget met plus contingency; but education will not even get a decent fraction of what is required.

I’m so angry right now!!! What nonsense!!! This policy should have been included in their manifesto during the 2015 elections so that people can know their wonderful plans...

Education is an investment, and not an expense. It requires heavy investments to secure the future of a nation!!!

1.Note that I mean we spend half on universities. Primary and secondary school don't come into it. As well aspoly, coe and monotechnics.

2.That means you may have to pay higher for other services if we are to put half our budget on universities.

sexyanyabubakar:
.....

Hmmm

Good morning to you too.

Seenyo:
lorry load of crap! the shithole is damn too rich not to provide free education at all levels!..... the impetus is to exterminate all bunch of senile, redundant, avaricious / kleptos!

Good luck, comrade. Just don't come complainig when you run out of money.

sexyanyabubakar:
......

1.The power problem is beyond politics...so I fail to see the relevance of your response....especially as I don't support APC bruv.

2.The DISCOS and GENCOS were a GEJ innovation (and one which I supported by the way).

3.The law enabling the establishment of DISCOS and GENCOS also empowered government to set prices for power....which means the DISCOS and GENCOS cannot earn enough money to make the needed improvements.

4.Fashola spoke with a lack of knowledge about the power sector.

5.Besides...experts say we need $900BN over the next 30 years to fix power .

6.We need to start improving funding by increasing the amount we spend on power....and that means HIGHER POWER BILLS.

7.We pay less for power than Liberia, Sierra leone, Ghana, Cameroon, etc....even Malawi...and we expect 24/7 light?

bigfather:
If they can take loan for infrastructural development,then it shouldn't b a problem if they can for education.

I have no objection to that...but seeing how Nigerians have been grumbling over the years whenever government takes a loan......

I hope you don't grumble too when government takes a loan for unviersity educaiton...and keeps on taking the loan because....universites are cash guzzlers....even when there is zero corruption.

wowo2:
Let govt find the money. In a country that doles out over 160,000,000 naira to each Senator every year (outside of actual salary!), education should be funded by the govt. What exactly does Nigeria offer the common man. Merely living in Nigeria is enough sacrifice. The evil of corruption is so horrific and will end the country...that “education bank” bank had better not have people like Saraki etc near it...by the first quarter of 2017, unpaid student loan total was in the region of 100 billion pounds in the UK..i see this as fertile corruption ground for people in governance...slush fund for their shenanigans.

1. The budget of the NA is 1trillion naira.

While I agree with you that we spend too much on the NA( a relation of mine even thinks we should reduce the whole National Assembly to just two representatives per state)....at the end of the day N1 trillion is just one third of the money needed for our universites yearly (in extra funding by the by).

2.We also don't earn enough money...

We rely on oil. Oil is now at $80 per barrel....but in the last few years it has oscillated between $70 and $30 per barrel. As at 2017 according to Fitch global ratings, we need oil at $140 to get a budget that would meet all our needs. (And the corruption makes things worse.).

And as this quote puts it nicely...

Many people cite the Norwegian example in the argument for free education into post-graduate studies. After all, we are both endowed with vast mineral wealth. This is a false equivalence, as Norway has only 5 million people against its proven crude deposits of 5,366,000,000 BBL, compared to Nigeria’s 170 million people against its proven deposits of 37,200,000,000 BBL. Per capita, Norway is 5 times richer in oil than we are and unlike us, Norway has kept the wealth away in what is now the world’s largest sovereign wealth fund. Norway also has a tax to GDP ratio of 44% compared to Nigeria’s 6%, but let us stick with education. https://guardian.ng/features/law/free-education-is-bad-education/

In other words...for government to keep on sustaining free educaiton...it is either we pay high taxes, take more loans....or raise fees.

Or keep the status quo ante....and education in this country remains half baked.

I finish with another quote...same sauce as above...

Personally, I think we need to move away from this “XYZ Governor enjoyed free education but wants to deprive today’s youth” argument, for many reasons. The first is that, it is a lie! If you go back to our primary and secondary school literature books, the narratives showed villages putting money together to send children to school. Many people were the beneficiaries of some sort of grant or scholarship and had to drop out if things got tough back home. The second is that the annual N90 my mother paid to attend University of Ibadan in the 70s, was worth much more than the same N90 I was charged, in the 90s. That sort of system is not sustainable.

It is this free system that ensures that the best of our brains are lured away by more competitive salaries and opportunities, to contribute to the body of knowledge. It is this free system that ensures that there has been no major scientific or engineering breakthrough (of the kind that can withstand the robust and rigorous scrutiny of international peers) in any of our universities. It is this free system that makes the Ghanaian educational system more attractive to Nigerian parents, who can’t afford the US-Europe route. This same ‘free everything’ is why we don’t have technicians and artisans with proper skills.

Abdulpro1:
Take the power sector that was privatized as a case study bro, how successful has it been since then?
Even God cnt help us outta this mess we are so deep inside, provided these same set of old men continue recycling in governance, we are doomed
We need a revolution but we all scared to the teeth

1.You can rebel all you want, but it won't solve Nigeria's funding PROBLEM.

We rely on oil, and right now...we need oil to be at $140 per barrel just to balance the budget, without taking loans, or grants.

2.Power was privatized, but DISCOS and GENCOS cannot raise enough money to do anything...and are even owed billions of naira by government agenices and ordinary Nigerians.

And government still controls the pricing of power. (If you were running a business, would you agree for government to tell you to sell your goods at a very low price so that the people of Nigeria can be happy?)

3.What are the goals of your revolution? You can have all the revolution you want....but at the end of the day, it is one group of oligarchs replacing another group of oilgarchs.

4.Techinical education is cheaper than university education. In my opinion, government should hands off university educaiton, and heavily fund technical educaiton....SO THAT...people ,poor people have jobs that actually pay them something...and our industrial development grows too.

Free higher education is a myth. There is no such thing anywhere in the world, even in wealthy states like Germany, Finland, Norway and Sweden, which insist that their tertiary education systems are “free”. In fact, higher education in those countries is predominantly paid for by taxpayers. They can afford it. They are rich, socially and economically equitable societies.

Higher education is a resource intensive enterprise. It cannot effectively function without a massive injection of resources in a sustained and escalated way. Professor Bruce Johnstone, a leading US expert in the financing of higher education, has pointed out that:

Higher education cost tends to rise at rates considerably in excess of the corresponding rates of increase of available revenues – especially those revenues that are dependent on taxation.

His description applies well to South Africa’s economic situation and the reality of financial pressures on its higher education sector.

The recent wave of protests at South Africa’s universities has been driven by students’ unrealistic expectations about “free” higher education. The crisis has been deepened by a web of unsustainable solutions posited by the state and tertiary institutions.

Students would do well to look around their own continent to see how unequal “free” education really is.

African lessons
Malawi is one of the poorest countries in the world. It offers “free” higher education in the form of a fully funded government scholarship with absurdly nominal fees.

Research conducted at the University of Malawi, the country’s largest and most prestigious institution, found that most students come from upper and upper middle class families. Around 90% of those at the university could easily afford to pay their own way, but instead are receiving government funding.

That funding is drawn from public funds – so the country’s struggling poor and middle class effectively end up bank rolling the education of those who don’t need the support.

Malawi is an extreme example. But it’s typical across Africa – and for that matter the world – that the majority of university students come from well-off families. This is especially true at the continent’s flagship universities and in its most competitive programmes of study. In many countries, their presence is funded by taxpayers’ money. The poor and middle class are paying for the rich to study. How is that “free” or, indeed, fair?

Sustainability
Interestingly, many African countries that have previously claimed to provide “free” higher education have changed their policies in recent years. Enrolments are rising across the continent. Countries have realised that student growth is outstripping what the economic base can generate in tax revenue. Too many students; too few taxpayers.

In Funding Higher Education in sub-Saharan Africa Professor Philip G. Altbach one of the world’s foremost higher education experts, noted that

Without a stable funding base, neither access nor excellence can be achieved. One thing is clear: the common African pattern of full state funding to a small number of universities no longer works – if in fact it ever did.

Altbach went on to say that “free” university education is simply “unsustainable”.

South Africa is no different from its peers on the continent. Its student population is growing. The cost of running the system is only going to rise, making “free” education even more of a burden.

So what are the alternatives?

The trend
The trend in higher education funding is moving towards cost-sharing where students, parents or guardians, governments and other stakeholders collectively contribute. Uganda, for instance, has seen one of the most dramatic changes in higher education funding. In less than a decade its flagship university, Makerere, shifted the landscape to greatly increase the number of fee-paying students.

Other African countries, among them Kenya and Ethiopia, are consolidating cost-sharing through, among other things, setting up student loan systems, though this has been beset with problems. They have realised that they cannot continue to provide “free” education to their citizens – even the needy ones.

South Africa’s “free” education lobby seems to ignore these realities. Protests at universities are becoming increasingly violent with serious destruction of properties. Elsewhere in Africa, governments manage student unrest by shutting universities down indefinitely. In some cases, such as in Nigeria and Kenya, universities have been closed for months at a time.

Can such a situation be avoided in South Africa? Probably not if students continue to harbour such unreasonable expectations.

A regressive call
It is imperative that universities’ resource bases are both diversified and consolidated. Resources from the government need to be augmented with contributions from businesses, development partners, trusts and foundations, parents and students. They must be supplemented through effective use of resources and cutting back on wasteful spending.


The call for free higher education for all in any deeply unequal society is not just meaningless. It is also regressive and self-defeating. Some pundits and even those in the sector seem to believe that free higher education is possible in the long term. In light of a massifying university system, demographic realities and tightening national budgets, they are dead wrong.

http://theconversation.com/free-higher-education-unrealistic-expectations-unsustainable-solutions-66161
SAUCE:

Seenyo:
only a bloody revolution can salvage the damn.n shithole!

What are the exact goals and aims of your revolution , and how would it impact Nigerian education?

The problem with you guys is that you think that the pinnacle of education in Nigeria is a nice big university degree with a job in an airconditoned office.

That is why you fight for cheap school fees, negating the fact that it leaves universites chronically underfunded.

If you want a socialist economy, fine. But it won't make things better. A new oligarchy will replace the old...and the funding lacuna will still be there.

If we want free education in Nigeria....we either go the Danish way and take half of every Nigerian's salary for the purpose of adequately funding a budget that includes education, or we keep on taking loans from IMF ....

Or we fast and pray that oil rises to $150 and stays there for the next 20 years....

maasoap:
With all this corruption flying around? May be, we should all pretend that we don't know what is going on with the VCs and other stakeholders concerning funds. If they like, they should increase it to N1 million naira, it still won't make difference and its impacts will not be felt. It will just be a matter of years before they are back with the noise again.

At the end of the day, it does not matter.

University is not cheap to run. Especially in Nigeria where universities have to now pay for power bills themselves, provide power and water, build new facilities, renovated existent ones, etc.

Corruption exists in Nigeria because Nigerians tolerate it. The day they decide not to, things might get better

maasoap:
You need N3 trillion to fund education? Lol.
Your budget is N8 trillion while N5 trillion out of it usually found its way into the individual pockets at the top level.
I guess Nigeria is the only country where tuition fees are cheap. Besides, you can't raise tuition fees for public schools beyond the income of the citizens. Where are the high paying job to pay back the loan of between 4 and 6 million naira?

In my opinion, govt should allow universities to raise fees, and redirect heavy funding to technical schools.

On another note, I hate making the argument for high fees. But it is the sad truth. University is more expensive to fund than average secondary schools.

Really loans are not too horrible an idea. Many Americans have large amount of their salaries deducted for student loans. And it eats into their incomes.

bigfather:
If d govt can't fund education then what do we stand to benefit as citizens then ?

1.Is university degree a mark of education?

2. Nigeria is a poor country. And corruption of the elite makes it worse.

3.Countries with free education like Denmark fund it by taxes that chop 50% of your annual income. USA funds it by hefty student loans that have to be paid back.

4.Can we afford 3trillion on just university?

5.At the end of the day, we will end up taking loans, just to keep education free.

Let us be realistic. Either oil goes above 140uad per barrel, or we pay high fees or high taxes.

maasoap:
Lol. What has been the percentage of the annual budget being spent on education?

We spent 800million this year on education.... Primary to university.

The 2009 ASUU fg agreement says we should spend 3trillion yearly for just university in Nigeria to keep fees low.

Our budget is 8trillion thus year.

You see the issue?

Juliusmalema:
I think ASUU is wrong

Am with govt in this.

Yes, that is the fact.

Here is the problem. In 2013, when we had a good economy, GEJ told ASUU that 3trillion in extra money for university was not possible.

Once I heard that, fee increase was a matter of time.

Has nothing to do with who is in power and everything to do with the fact that university is an expensive undertaking.

One university VC said his overhead costs per annum were 600million.Govt gives him 100million. Where will he get the balance?

Honestly Nigerians should be realistic.

Wizaustin54:
this really bulshit....
not even increment to 50k, 60k ,or even 70k...... Rubbish APC govt

what the excess of calling it public school if am paying 500k as tuition fees...that to say the poor masses has nothing to do with sending their children to school if eventually it is increased...

Oh Buhari which way??

OK, let us keep on taking loans from IMF or we spend half our budget on just university just to keep fees low.

Has nothing to do with politics. If another party takes over, the same funding problem exists