FG Denies Planning Varsities’ Tuition Hike, Confirms Education Bank

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BEVERLY HILLS, October 04, (THEWILL) – The Federal Ministry of Education has said there was no plan to increase varsity tuition to N350, 000 per session as claimed by the Academic Staff Union of Universities (ASUU), noting that the establishment of an Education Bank was already in the pipeline.

The Permanent Secretary of the Ministry, Sonny Echono, stated this in Abuja while reacting to the allegations by the ASUU, noting that the re-establishment of the Education Bank was to provide students with loans and other resources through a public-private partnership.

THEWILL recalls that the ASUU Ibadan Zonal Coordinator, Dr Ade Adejumo, raised the alarm on the Federal Government’s planned increment in fees, saying the planned increment led to the collapse of the 2017/2018 renegotiation of the 2009 Federal Government/ASUU agreement.

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But the Permanent Secretary denied that the government had any such plan as he spoke at a World Teachers’ Day Symposium.

Echono said, “The Federal Government did not and has no intention of introducing tuition fees in our universities, not to even mention the figure of N350, 000.

“This can easily be verified. The students have just registered for school and their parents are aware of how much they paid.

“What is true is that because of the commitment of the present administration to guarantee the right of the Nigerian children not only to education, but to be positively engaged, the President directed that the ministry, along with the Ministry of Finance, should jointly organise a workshop that will come up with sustainable and very workable recommendation on funding education in Nigeria.”

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