31st October 2022
The Central Bank of Nigeria on Wednesday announced that it would be redesigning the ₦200, ₦500, and ₦1,000 notes. Godwin Emefiele, the CBN governor, disclosed this at a press briefing. Read more about Business According to the apex bank, the new notes will begin circulating on December 15, 2022. However, the old notes will remain … Continue reading The CBN’s Plan To Redesign The Naira: 6 Facts You Should Know
26th October 2022
The Central Bank of Nigeria (CBN) has revealed its plans to introduce newly redesigned naira notes for N200, N500 and N1000. Godwin Emefiele, the CBN governor, announced this at a press briefing in Abuja Wednesday. Read more about News According to the governor, the major reasons for the redesign are the significant hoarding of … Continue reading BREAKING: CBN To Redesign the Naira Notes
24th October 2022
After much back and forth, President Muhammadu Buhari has signed the Nigerian Startup, passed under law as the Nigeria Startup Act (2022). What began as a meeting between stakeholders and the federal government has now materialized into actual law. Read more about News In a statement released by the minister of communications and … Continue reading Buhari Signs Startup Bill: What It Means
17th July 2022
Following the resignation of Boris Johnson as Prime Minister of the UK on 7 July 2022, 46-year-old Nigerian-born woman, Kemi Badenoch among seven otherrs has been tipped to succeed Boris as Prime Minister. Similarly, other nominees who received at least 20 nominations to become the UK Prime Minister include Suella Braverman, Jeremy Hunt, … Continue reading Nigerian-Born Kemi Badenoch Nominated To Succeed Boris Johnson As UK’s Prime Minister
This idea is good but I see all the moneybags in Nigeria investing in Education sector. I hope they will not soon make education unreachable for the poor. Education should be free in Nigeria, if anyone wants to use it to siphon hard earned money from the hungry populace it is not worth it. Posterity will judge us. We are almost getting to the stage of USA and UK education; where there are many universities but there are little patronage because of extra-high cost. Today in US to study medicine you will have to spend up to 70,000 dollars (26 million Naira) annually as fees. The bulk of Nigerian students are from poor families, where will they get the money from. If Dangote means well for Nigeria, he should not follow the trend of the current private universities that charges unaffordable fee. He should not be like those who collected money from the poor to build Universities that the poor mans child cannot attend. He can only be commended by me if the fees for his institution will be as cheap as those of state and federal universities. He should remember he made more of his money from poor Nigerians. Investing it in the poor student will empower them; which will in turn provide higher purchasing power to purchase his products. We should emulate Germany and other eastern countries that offer education free for their nationals and international students. If Dangote cement is still sold at a price almost 3000 Naira after maintaining almost 90% monopoly. The value of cement is not more than 1000 Naira. By so doing he has created a hyper-high cost in housing, the poor no longer can rent a house, many are sleeping in uncompleted buildings, the authorities also look away. We adult Nigerians are already creating unliveable environment for our future children. The government is abandoning its primary duty of educating the citizens to the mercies of shylocks and feudalists. The future of our youths is mortgaged already. My prayer is that we come to our senses and do things right or God will raise another Jakande that will take-over all these schools and re-enact free education in Our Country. I personally don’t have any grouse against Dangote. He is a good Nigerian doing his business in a (capitalist)business way. At least he is providing employment for people, and he is investing in Nigeria raising our per-capita. But he should have pity on us and do this one as a social service not an extra-ordinary profit making venture.it is not the amount of money he accumulates that matters but the legacy of good deeds left behind. What will people say about him when he leaves the scene, will they call him a rich man or a good man. Till tomorrow when people mention Awolowo they talk of his free education and other things he did for his people. Everyone will be remembered for what he has done.
Hi Segun. You have made relevant points, however, remember that for private institutions to charge low fees are almost nearly impossible. The cost of running a University at a top-notch standard is crazy. Except you’re asking that Dangote builds a University with substandard equipment and teachers. The reason your government can afford to run the Universities the way they do is because of the standard of Education they offer. Have you seen the labs in our Universities? How many of our schools even have equipped labs or controlled fields for practicals? Do you see the overcrowded classrooms? How many schools run on generators to power the classrooms? Private Universities that do these where do you expect them to get the money from?
Rather I would suggest Private Universities make more provisions to admit a good number of students on scholarship so as to help the people who can’t afford it.
If you ask me, it’s our government that needs to fix our Education system.