- New students are expected to pay ₦100,000 instead of the previous N45,000
- Office of the Director of Senior Secondary Education Department of the Federal Ministry of Education made the increment announcement
The Federal Government through the Federal Ministry of Education has increased the school fees of new students into Federal Government Colleges otherwise known as Federal Unity Colleges to ₦100,000.
This was contained in a directive from the Office of the Director of Senior Secondary Education Department of the Federal Ministry of Education, reference number ADF/120/DSSE/I, dated 25th May, 2023, and addressed to all Principals of Federal Unity Colleges.
According to the circular entitled, “Approved fees/ charges for Federal Unity Colleges (1st Term) for new students“, signed by the Director of Senior Secondary Education, Hajia Binta Abdulkadir, new students are expected to part with ₦100,000 instead of the previous N45,000.
“The latest fees/charge increment will affect virtually all aspects and activities of the school, including tuition and boarding fees, uniform, text books, deposit, exercise books, prospectus, caution fee, ID card, stationery, clubs and societies, sports, extra lesson, insurance, et al.
“Please be informed that the ministry has approved only the underlisted fees and charges for all Unity Colleges,” the memo read.
In another development, the Federal Government has announced measures to cushion the effects of the petrol subsidy removal, President Bola Tinubu has approved the establishment of Infrastructure Support Fund (ISF) for the 36 States of the Federation.
The approval was announced at the monthly meeting of the Federation Account Allocation Committee (FAAC) on Thursday.
The infrastructure fund will enable the States to intervene and invest in the critical areas of transportation, agriculture, livestock and ranching solutions, health and education.
It will also improve economic competitiveness, create jobs and deliver economic prosperity for Nigerians.
The Committee also resolved to save a portion of the monthly distributable proceeds to minimize the impact of the increased revenues occasioned by the subsidy removal and exchange rate unification on money supply, as well as inflation and the exchange rate.
It said out of the June 2023 distributable revenue of N1.9 trillion, only N907 billion will be distributed among the three tiers of government, while N790 billion will be saved, and the rest will be used for statutory deductions.
These savings will complement the efforts of the Infrastructure Support Fund (ISF) and other existing and planned fiscal measures, all aimed at ensuring that the subsidy removal translates into tangible improvements in the lives and living standards of Nigerians.
The Committee commended Tinubu for the bold decision to remove the petrol subsidy and, even more importantly, for providing necessary support to the States to cushion the effects of the subsidy removal on Nigerians.