The current state of Nigeria's economy is experiencing a number of challenges, including high inflation, a depreciating currency, and a slow-growing global economy, and it has affected us all.Students in Nigeria should see a decrease in tuition fees due to a number of factors, including:
Financial burden
Students are already struggling to afford tuition fees, and many are at risk of dropping out.
Rising costs:
The cost of maintaining facilities like laboratories, accommodation, and electricity has increased.
Inflation:
Inflation has had a devastating effect on individuals, households, and businesses.
Government funding:
The government has not been able to adequately fund higher institutions, and has continued to establish more.
Student loan policy:
The government's student loan policy is not working, and many students will not be able to access it.
Some say that the government should increase its budgetary allocation to education to at least 15% of the total budget sum. Others say that the government should review the student loan policy, and consider calling it a grant instead.
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