For decades, the value of education has been touted as priceless—a key to unlocking potential and transforming lives.
But in modern times, the cost of this “priceless” opportunity is becoming a burden, especially in an economy grappling bowing to the pressure inflation.
Why Ekiti State University Hike Tuition Fee
Universities across Nigeria are struggling with operational costs, leaving them with few options but to adjust tuition fees to maintain quality education and facilities.
At Ekiti State University (EKSU), this balancing act has sparked debate, after the announcement of new fees for the 2024/2025 academic session.
The university management, citing the rising cost of goods and services and the need to complement government subvention, explained that the fee hike was a necessary measure to keep the institution running.
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For fresh students, fees now range from ₦247,500 for education majors to ₦982,500 for medical students, with higher rates for non-indigenes.
Statement From Ekiti State University
In a statement on Monday, the Head of Information and Corporate Affairs, Bode Olofinmuagun, highlighted that “the decision to adjust fees was taken to ensure the provision of state-of-the-art facilities and maintain the university’s relevance globally”.
He assured stakeholders that the increase was marginal, affecting only fresh students, while acceptance fees and fees for returning students remained unchanged.
Olofinmuagun added: “Compared to other universities, EKSU’s fees are still affordable, even less than what many private secondary schools charge per term”.
As the debate continues, Ekiti State University management urges calm and understanding from students and other stakeholders, emphasising the collective need to sustain the quality of education amidst challenging economic realities.
