Devonomics

Devonomics

It is difficult to answer questions about how Nigeria can and should achieve sustainable economic, social and political growth. This column takes a look at well known development economic theories and applies them to the unique Nigerian context.

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The struggle to fund Nigeria's Universities

Akinkunmi Akingbade

Akinkunmi Akingbade

Akin is a Consultant and Writer with a background in Development Economics. He previously worked at Ventures Africa.

Vehicular traffic is stopped on the busy Ife–Ibadan road. Students of the prestigious Obafemi Awolowo University (OAU), in May 2014, have gathered outside the university premises to protest a proposed increment in school fees from ₦7,000 to ₦50,000, and from ₦17,000 to ₦74,000 for fresh students.

Four years earlier, the ₦2,000 acceptance fee had been increased to ₦20,000, sparking protests that caused the university to be closed for three months. A friend of mine, reminiscing about these actions, ragingly describes how she celebrated her birthday twice in one class without repeating.

Most recently, in November 2018, the Academic Staff Union of Universities (ASUU) commenced an indefinite strike, citing inadequate funding of federal institutions and government's failure to fulfil its promises.

The battle for funding between ASUU and the federal government (FG) is old. In 2009, the two parties entered into an agreement in which the government agreed to increase its funding for tertiary institutions. 

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